IPG Photonics Corporation (IPGP)

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	231,973	114,715	152,171	151,783	169,500	342,783	351,607	372,184	367,883	348,321	287,748	242,705	198,659	133,661	166,393	210,274	233,793	329,602	379,320	450,621
Interest expense (ttm)	US$ in thousands	16,797	24,685	28,310	20,223	12,760	5,521	2,184	1,414	1,839	1,363	2,243	3,692	6,270	20,335	22,901	25,096	25,975	20,794	20,944	17,622
Interest coverage		13.81	4.65	5.38	7.51	13.28	62.09	160.99	263.21	200.05	255.55	128.29	65.74	31.68	6.57	7.27	8.38	9.00	15.85	18.11	25.57

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $231,973K ÷ $16,797K
= 13.81

The interest coverage ratio for IPG Photonics Corp was not available for Q4 2023, Q3 2023, Q2 2023, and Q1 2023 based on the provided data. However, in Q1 2022, the interest coverage ratio was 253.48. This indicates that IPG Photonics Corp had a strong ability to cover its interest expenses with its earnings in Q1 2022, implying a healthy financial position in terms of meeting its interest obligations at that time. Due to the lack of data for the following quarters in 2023, it is recommended to monitor future financial reports to assess any changes in the company's ability to cover its interest expenses.