LeMaitre Vascular Inc (LMAT)

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	57,080	50,715	46,747	41,999	38,304	34,789	31,759	31,018	30,767	31,400	34,305	36,364	36,506	37,585	38,573	32,456	28,666	24,344	20,191	21,446
Interest expense (ttm)	US$ in thousands	205	143	143	143	286	590	854	1,021	986	1,065	1,422	1,750	2,219	2,272	2,316	1,887	1,415	836	171	105
Interest coverage		278.44	354.65	326.90	293.70	133.93	58.96	37.19	30.38	31.20	29.48	24.12	20.78	16.45	16.54	16.66	17.20	20.26	29.12	118.08	204.25

December 31, 2024 calculation

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

LeMaitre Vascular Inc's interest coverage ratio has exhibited fluctuations over the reporting periods. The ratio indicates the company's ability to cover its interest expenses with its operating income.

The interest coverage ratio decreased from 204.25 on March 31, 2020, to 16.45 on December 31, 2021, reflecting a significant decline in the company's ability to cover its interest payments.

However, there was a slight improvement in the interest coverage ratio in the subsequent periods, reaching 37.19 on June 30, 2023, and rising further to 354.65 on September 30, 2024. These increases suggest a strengthening ability of LeMaitre Vascular Inc to cover its interest expenses with its operating income.

Overall, the trend in the interest coverage ratio for LeMaitre Vascular Inc has shown variability but has demonstrated improvement in recent periods, indicating a potentially more stable financial position in terms of meeting its interest obligations.