LeMaitre Vascular Inc (LMAT)

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	36,712	34,304	31,272	27,368	27,490	28,123	31,030	36,432	36,506	37,584	38,572	32,455	28,665	24,344	20,191	21,446	21,679	23,684	22,407	27,860
Interest expense (ttm)	US$ in thousands	-143	-143	-143	-143	0	526	1,147	1,642	2,219	2,271	2,315	1,886	1,309	731	66	0	0	2	4	6
Interest coverage		—	—	—	—	—	53.47	27.05	22.19	16.45	16.55	16.66	17.21	21.90	33.30	305.92	—	—	11,842.00	5,601.75	4,643.33

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $36,712K ÷ $-143K
= —

The interest coverage ratio for Lemaitre Vascular Inc was not available for Q4 2023, Q3 2023, Q2 2023, and Q1 2023 based on the provided data. However, in Q2 2022, the interest coverage ratio was 50.51, indicating that the company generated more than enough operating income to cover its interest expenses. This high coverage ratio suggests that Lemaitre Vascular Inc has a strong ability to meet its interest payment obligations and is in a favorable financial position. The significant improvement from the Q1 2022 interest coverage ratio of 27.21 further underlines the company's enhanced financial performance and debt-servicing capacity. It would be beneficial to track future interest coverage ratios to assess the continued financial health and stability of Lemaitre Vascular Inc.