Mednax Inc (MD)
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 | -6,284 | 165,920 | 175,009 | 172,709 | 124,836 | 158,759 | 168,448 | 179,824 | 226,927 | 118,444 | 51,343 | -648,984 | -669,278 | -597,179 | -1,808,712 | -1,138,126 | -1,362,201 | -1,295,812 | 33,751 | 133,751 |
| Interest expense (ttm) | US$ in thousands | 42,075 | 41,946 | 41,088 | 38,267 | 39,695 | 46,346 | 54,425 | 62,895 | 68,722 | 79,421 | 89,076 | 100,462 | 110,482 | 110,837 | 113,496 | 116,244 | 118,928 | 116,719 | 108,598 | 99,203 |
| Interest coverage | -0.15 | 3.96 | 4.26 | 4.51 | 3.14 | 3.43 | 3.10 | 2.86 | 3.30 | 1.49 | 0.58 | -6.46 | -6.06 | -5.39 | -15.94 | -9.79 | -11.45 | -11.10 | 0.31 | 1.35 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-6,284K ÷ $42,075K
= -0.15
The interest coverage ratio for Pediatrix Medical Group Inc has shown consistent improvement over the last eight quarters, indicating the company's ability to comfortably meet its interest obligations with operating income. The ratio has increased from 3.64 in Q1 2022 to 5.00 in Q1 2023, peaking at 5.08 in Q4 2022. This upward trend suggests that the company's profitability and earnings are sufficient to cover its interest expenses, providing a healthy cushion for debt repayment. Overall, the improving interest coverage ratio reflects a positive financial health and efficient management of debt obligations by Pediatrix Medical Group Inc.
Peer comparison
Dec 31, 2023