Marten Transport Ltd (MRTN)

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	30,052	37,567	14,561	35,332	53,263	36,652	57,712	33,947	5,572	4,169	-5,023	-17,171	-23,463	-25,328	-28,253	-25,701	-30,549	-37,266	-37,768	-38,598
Interest expense (ttm)	US$ in thousands	0	844	844	844	1,688	1,364	1,628	1,664	827	307	43	7	0	0	0	0	0	0	0	0
Interest coverage		—	44.51	17.25	41.86	31.55	26.87	35.45	20.40	6.74	13.58	-116.81	-2,453.00	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $30,052K ÷ $0K
= —

Interest coverage ratio is a financial metric that indicates a company's ability to pay its interest expenses on outstanding debt. A higher interest coverage ratio suggests that the company is more capable of meeting its interest obligations. In the case of Marten Transport Ltd, the interest coverage ratio was not available for the periods up to December 31, 2021.

Starting from March 31, 2022, the interest coverage ratio was significantly negative at -2,453.00, indicating that the company's operating income was insufficient to cover its interest expenses. However, there has been a gradual improvement in the interest coverage ratio over the subsequent quarters, with the ratio increasing to 31.55 as of December 31, 2023. This positive trend suggests that Marten Transport Ltd's ability to cover its interest expenses has strengthened over time.

As of December 31, 2024, the interest coverage ratio was not available. It is important for investors and stakeholders to monitor the interest coverage ratio over time to assess the company's financial health and debt repayment capabilities.