Inspire Medical Systems Inc (INSP)
Interest coverage
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 36,083 | 13,496 | -9,022 | -25,873 | -25,879 | -35,511 | -43,256 | -45,358 | -46,201 | -47,687 | -41,552 | -40,230 | -39,833 | -44,948 | -44,903 | -54,934 | -54,984 | -56,558 | -54,511 | -39,075 |
| Interest expense (ttm) | US$ in thousands | 22 | 0 | 0 | 0 | 0 | 0 | 656 | 1,150 | 1,677 | 2,215 | 2,096 | 2,132 | 2,128 | 2,123 | 2,119 | 2,115 | 2,117 | 2,114 | 2,110 | 2,107 |
| Interest coverage | 1,640.14 | — | — | — | — | — | -65.94 | -39.44 | -27.55 | -21.53 | -19.82 | -18.87 | -18.72 | -21.17 | -21.19 | -25.97 | -25.97 | -26.75 | -25.83 | -18.55 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $36,083K ÷ $22K
= 1,640.14
The interest coverage ratio of Inspire Medical Systems Inc has been consistently negative from March 31, 2020, to September 30, 2022, indicating that the company's operating income was insufficient to cover its interest expenses during this period. This negative trend suggests that the company faced challenges in meeting its interest obligations with its current level of operating earnings.
From December 31, 2022, the interest coverage ratio improved significantly to 27.55, showing a substantial increase in the ability of the company to cover its interest expenses with its operating income. This improvement suggests a positive turnaround in the company's financial performance and its ability to service its debt obligations effectively.
However, looking ahead to the data provided for the following periods, there is missing or insufficient data available, making it difficult to assess the company's interest coverage beyond December 31, 2022. It is essential for investors and stakeholders to monitor the company's interest coverage ratio in future financial reports to evaluate its ability to meet its interest payments and manage its debt effectively.
Peer comparison
Dec 31, 2024