Gentex Corporation (GNTX)

Interest coverage

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	495,731	457,075	421,450	379,952	370,007	363,848	365,221	379,355	409,783	484,238	534,926	428,263	399,556	348,043	337,326	471,969	488,538	503,136	502,428	501,206
Interest expense (ttm)	US$ in thousands	0	21,875	44,482	68,840	96,285	71,666	49,059	24,701	0	0	200	500	600	600	400	100	0	0	100	400
Interest coverage		—	20.89	9.47	5.52	3.84	5.08	7.44	15.36	—	—	2,674.63	856.53	665.93	580.07	843.32	4,719.69	—	—	5,024.28	1,253.02

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $495,731K ÷ $0K
= —

Unfortunately, without specific data on Gentex Corp.'s interest expenses and EBIT (earnings before interest and taxes), it is not possible to calculate the interest coverage ratio. The interest coverage ratio is a key financial metric used to assess a company's ability to meet its interest payments on outstanding debt obligations. It is calculated by dividing EBIT by the interest expenses. A higher interest coverage ratio indicates a healthier financial position, as the company is more capable of servicing its debt. Further analysis would require additional information on Gentex Corp.'s financials to evaluate its interest coverage performance accurately.