Moderna Inc (MRNA)
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 | -3,583,000 | -2,399,000 | -4,374,000 | -4,837,000 | -3,974,000 | -2,400,000 | 714,000 | 4,897,000 | 9,420,000 | 13,250,000 | 15,640,000 | 16,261,000 | 13,297,000 | 7,619,496 | 3,833,558 | 650,875 | -734,623 | -589,533 | -481,389 | -500,532 |
| Interest expense (ttm) | US$ in thousands | 24,000 | 24,000 | 28,000 | 35,000 | 38,000 | 42,000 | 40,000 | 32,000 | 29,000 | 25,000 | 21,000 | 21,000 | 18,000 | 15,508 | 14,342 | 11,220 | 9,886 | 8,373 | 7,082 | 6,745 |
| Interest coverage | -149.29 | -99.96 | -156.21 | -138.20 | -104.58 | -57.14 | 17.85 | 153.03 | 324.83 | 530.00 | 744.76 | 774.33 | 738.72 | 491.33 | 267.30 | 58.01 | -74.31 | -70.41 | -67.97 | -74.21 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-3,583,000K ÷ $24,000K
= -149.29
The interest coverage ratio of Moderna Inc has exhibited significant fluctuations over the past years. From the negative values reported in the earlier periods up to December 2021, indicating that the company's earnings were insufficient to cover its interest expenses, to the substantial improvements seen in the following quarters up to June 2022, reaching the peak levels recorded in March 2022.
However, the ratio started to decline thereafter, showing a decreasing trend but remained at relatively healthy levels until September 2023. From September 2023 onwards, the interest coverage ratio turned negative again, implying that the company's earnings were not enough to cover its interest payments during these periods. This negative trend continued until the end of December 2024.
Overall, the interest coverage ratio of Moderna Inc has displayed a volatile pattern, indicating various changes in the company's ability to meet its interest obligations with operating income. Investors and creditors should closely monitor this ratio to assess the company's financial health and ability to service its debt in the future.
Peer comparison
Dec 31, 2024