Lantheus Holdings Inc (LNTH)

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	450,646	589,828	573,817	613,202	430,962	113,856	33,488	-31,619	33,904	168,087	65,177	-24,936	-67,286	-27,839	-14,225	7,585	-2,000	2,554	14,921	32,363
Interest expense (ttm)	US$ in thousands	19,669	19,665	19,816	19,887	20,019	17,559	14,131	10,667	7,185	6,132	6,075	6,543	7,752	9,035	10,274	10,251	9,479	8,794	8,342	10,971
Interest coverage		22.91	29.99	28.96	30.83	21.53	6.48	2.37	-2.96	4.72	27.41	10.73	-3.81	-8.68	-3.08	-1.38	0.74	-0.21	0.29	1.79	2.95

December 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $450,646K ÷ $19,669K
= 22.91

The interest coverage ratio measures a company's ability to meet interest obligations on its debt. A higher interest coverage ratio indicates a better ability to cover interest expenses. Looking at the data for Lantheus Holdings Inc over multiple periods:

- The interest coverage ratio fluctuated significantly, ranging from negative values to positive values.
- In the earlier periods from March 31, 2020, to December 31, 2021, the company faced challenges with its interest coverage, as indicated by negative ratios.
- However, starting from June 30, 2022, the interest coverage improved substantially, reaching double-digit values, indicating a significant increase in the company's ability to cover its interest expenses.
- The interest coverage remained relatively strong and stable from March 31, 2024, to December 31, 2024, with ratios consistently above 20.

Overall, Lantheus Holdings Inc experienced periods of weak interest coverage followed by significant improvements. The recent trend shows a more favorable position in terms of its ability to meet interest obligations, indicating a more financially stable position in the specified periods.