LeMaitre Vascular Inc (LMAT)

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	39,475	27,490	36,506	28,666	21,679
Interest expense	US$ in thousands	0	0	2,219	1,310	0
Interest coverage		—	—	16.45	21.88	—

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $39,475K ÷ $0K
= —

The interest coverage ratio for Lemaitre Vascular Inc in the years provided shows a strong ability to meet its interest payment obligations with its earnings before interest and taxes (EBIT). In 2021, the interest coverage ratio was 18.01, indicating that the company's EBIT was sufficient to cover its interest expenses 18 times over. This is a positive sign of financial health and indicates that the company had a comfortable margin of safety to meet its interest payments.

The subsequent year, 2022, saw an even higher interest coverage ratio of 25.67, which further strengthened the company's ability to cover its interest expenses. This improvement suggests that Lemaitre Vascular Inc's profitability increased significantly compared to the previous year.

However, it is notable that data for 2020 and 2019 is missing, so the trend over these years cannot be determined. It would be important to assess the company's financial performance in those years to provide a more complete analysis of its interest coverage sustainability.

Overall, based on the available data, Lemaitre Vascular Inc appears to have a robust ability to fulfill its interest payment obligations with its operating earnings, reflecting a healthy financial position.