LeMaitre Vascular Inc (LMAT)

Interest coverage

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before interest and tax (EBIT)	US$ in thousands	57,080	39,475	27,490	36,506	28,666
Interest expense	US$ in thousands	205	0	986	2,219	1,310
Interest coverage		278.44	—	27.88	16.45	21.88

December 31, 2024 calculation

Interest coverage = EBIT ÷ Interest expense
= $57,080K ÷ $205K
= 278.44

LeMaitre Vascular Inc's interest coverage ratio has shown fluctuations over the years. As of December 31, 2020, the interest coverage was strong at 21.88, indicating that the company's earnings were 21.88 times greater than its interest expenses. By December 31, 2021, the ratio decreased to 16.45, which might suggest a slight decrease in the company's ability to cover its interest costs.

However, the interest coverage ratio improved significantly by December 31, 2022, reaching 27.88, reflecting a strong ability to meet interest obligations. Notably, there is missing data for December 31, 2023, which may indicate a lack of available information for that period.

By December 31, 2024, the interest coverage ratio surged to 278.44, indicating a substantial improvement in the company's ability to cover interest expenses, potentially reflecting robust earnings growth or significant reduction in interest costs.

Overall, the trend in LeMaitre Vascular Inc's interest coverage ratio suggests some variability, but generally, the company has demonstrated strong ability to handle its interest obligations over the years, with notable improvements seen in certain periods.