Lattice Semiconductor Corporation (LSCC)

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	58,842	99,643	143,102	172,433	213,762	224,124	214,221	207,681	186,258	166,960	145,906	122,544	105,290	83,339	73,619	62,957	52,158	60,475	60,146	59,904
Interest expense (ttm)	US$ in thousands	3,176	3,242	2,306	1,562	810	2,024	3,291	3,993	4,146	3,523	2,917	2,728	2,738	2,869	3,000	3,343	3,702	4,098	5,328	7,821
Interest coverage		18.53	30.74	62.06	110.39	263.90	110.73	65.09	52.01	44.92	47.39	50.02	44.92	38.46	29.05	24.54	18.83	14.09	14.76	11.29	7.66

December 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $58,842K ÷ $3,176K
= 18.53

The interest coverage ratio reflects Lattice Semiconductor Corporation's ability to meet its interest obligations based on its operating income. A higher interest coverage ratio indicates that the company is more capable of servicing its debt.

Based on the provided data, Lattice Semiconductor Corporation's interest coverage has shown a generally increasing trend over the observed period. The ratio has seen significant fluctuations, ranging from 7.66 in March 2020 to a peak of 263.90 in December 2023.

The company's interest coverage ratio improved notably from 2020 to 2023, indicating a strengthening ability to cover its interest payments with operating income. However, there was a sharp decline in the ratio in March 2024 and subsequent quarters, potentially signaling a challenge in meeting interest obligations or changes in the company's operating performance.

Overall, the trend in Lattice Semiconductor Corporation's interest coverage suggests fluctuations and some volatility in its ability to cover interest expenses. It would be important to monitor the company's financial performance closely to assess any impact on its debt servicing capabilities.