Intuitive Surgical Inc (ISRG)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,766,800 | 1,577,100 | 1,821,000 | 1,049,800 | 1,374,500 |
| Interest expense | US$ in thousands | — | 29,700 | 356,000 | 427,200 | 328,200 |
| Interest coverage | — | 53.10 | 5.12 | 2.46 | 4.19 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $1,766,800K ÷ $—K
= —
As the interest coverage ratios for Intuitive Surgical Inc are not provided in the table from 2019 to 2023, we are unable to assess the company's ability to cover its interest expenses with its operating income during these periods. Interest coverage ratio is a key financial metric used to evaluate a company's ability to meet its interest obligations. A higher interest coverage ratio indicates a company is more capable of servicing its debt burden. Without the specific ratios for Intuitive Surgical Inc, it is difficult to gauge the company's financial health and its ability to handle interest payments effectively. It is recommended to obtain the interest coverage ratios for these years to better understand the company's financial position.
Peer comparison
Dec 31, 2023