Liquidity Services Inc (LQDT)
Interest coverage
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 23,404 | 26,105 | 47,405 | 27,168 | -3,897 |
| Interest expense | US$ in thousands | — | 11 | 21 | 22 | 23 |
| Interest coverage | — | 2,373.18 | 2,257.38 | 1,234.91 | -169.43 |
September 30, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $23,404K ÷ $—K
= —
The interest coverage ratio for Liquidity Services Inc has shown a positive trend from negative coverage in 2020 to substantially high levels in subsequent years. This improvement indicates the company's ability to easily meet its interest payments using its operating income. The significant increase in interest coverage from 2021 to 2023 suggests a stronger financial position and more stable profitability. However, the absence of a specific value for the current year, 2024, limits a direct comparison. Overall, the upward trend in interest coverage reflects favorable financial health and debt repayment capacity for Liquidity Services Inc in recent years.
Peer comparison
Sep 30, 2024