Marten Transport Ltd (MRTN)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 28,249 | 76,498 | 129,965 | 95,394 | 82,795 |
| Interest expense | US$ in thousands | — | — | 827 | 135,195 | 123,935 |
| Interest coverage | — | — | 157.15 | 0.71 | 0.67 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $28,249K ÷ $—K
= —
The interest coverage ratio of Marten Transport Ltd has shown a concerning trend over the past few years. In 2020 and 2021, the interest coverage ratio was very low, indicating that the company may have had difficulty meeting its interest obligations with its operating income.
However, there was a significant improvement in 2022, with the interest coverage ratio jumping to 157.15. This substantial increase suggests that the company's operating income was significantly more than enough to cover its interest expenses in that year.
It is worth noting that the data for 2023 and 2024 is unavailable, indicated by "—", which makes it difficult to assess the current financial health of the company in terms of its ability to cover interest payments.
Overall, while there was a remarkable improvement in 2022, the fluctuation in the interest coverage ratio over the years suggests volatility in the company's ability to cover its interest expenses with its operational earnings. Further information for the missing years would provide a more comprehensive analysis of the company's financial stability.
Peer comparison
Dec 31, 2024