Marten Transport Ltd (MRTN)

Interest coverage

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	90,110	143,344	111,689	93,246	76,498
Interest expense	US$ in thousands	—	-827	135,195	123,935	113,687
Interest coverage		—	—	0.83	0.75	0.67

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $90,110K ÷ $—K
= —

The absence of data for the interest coverage ratio for Marten Transport, Ltd. across the years 2019 to 2023 indicates a lack of information on the company's ability to meet its interest payment obligations using its operating income. Without this ratio, it is challenging to assess the extent to which the company's operating earnings cover its interest expenses, posing a limitation on evaluating its financial solvency and risk levels. It is recommended for stakeholders to seek additional information or clarification on the company's interest coverage to gain a more comprehensive insight into its financial health and stability.