N-Able Inc (NABL)
Interest coverage
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 70,319 | 62,817 | 56,189 | 50,652 | 47,396 | 41,585 | 39,635 | 39,219 |
| Interest expense (ttm) | US$ in thousands | 1,601 | 1,601 | 1,601 | 1,619 | 1,623 | 1,627 | 4,333 | 9,999 |
| Interest coverage | 43.92 | 39.24 | 35.10 | 31.29 | 29.20 | 25.56 | 9.15 | 3.92 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $70,319K ÷ $1,601K
= 43.92
The interest coverage ratio of N-Able Inc has shown a steady improvement over the past eight quarters. The ratio has consistently increased from 3.92 in March 2022 to 43.92 in December 2023. This indicates that the company's ability to cover its interest expenses has significantly strengthened over time.
The upward trend in the interest coverage ratio is a positive sign, suggesting that N-Able Inc has been generating sufficient earnings to comfortably cover its interest payments. This indicates a reduced risk of financial distress due to debt obligations.
Overall, the increasing trend in the interest coverage ratio reflects a stronger financial position for N-Able Inc and indicates a healthier financial status for the company.
Peer comparison
Dec 31, 2023