N-Able Inc (NABL)

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 84,301 94,575 86,325 80,042 74,618 66,868 58,139 51,598 46,422 35,822 37,319 36,849 31,323 25,362 14,720 18,420 24,073
Interest expense (ttm) US$ in thousands 30,031 30,482 30,749 30,673 30,252 28,925 26,211 22,526 18,852 17,220 15,243 17,480 20,472 22,389 26,002 27,033 28,137
Interest coverage 2.81 3.10 2.81 2.61 2.47 2.31 2.22 2.29 2.46 2.08 2.45 2.11 1.53 1.13 0.57 0.68 0.86

December 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $84,301K ÷ $30,031K
= 2.81

The interest coverage ratio of N-Able Inc has shown a positive trend over the analyzed period, ranging from 0.57 on June 30, 2021, to 3.10 on September 30, 2024. This indicates that the company's ability to cover its interest expenses has improved significantly. Particularly noteworthy is the substantial increase in the ratio from the low of 0.57 in June 2021 to the high of 3.10 in September 2024. This improvement suggests that N-Able Inc has likely strengthened its financial position and operational performance, which is a positive indicator for investors and creditors. Overall, the increasing trend in the interest coverage ratio demonstrates the company's enhanced capacity to meet its interest obligations and manage its debt effectively over time.