Inari Medical Inc (NARI)

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	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	4,442	2,813	-12,059	-23,989	-25,891	-19,401	-12,832	184	10,980	16,284	25,701	18,206
Interest expense (ttm)	US$ in thousands	196	201	232	261	294	295	294	295	295	295	473	862
Interest coverage		22.66	14.00	-51.98	-91.91	-88.06	-65.77	-43.65	0.62	37.22	55.20	54.34	21.12

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $4,442K ÷ $196K
= 22.66

The interest coverage ratio for Inari Medical Inc in Q1 2022 was 0.31, indicating that the company's operating income was only able to cover 31% of its interest expense for that period. Unfortunately, without data for the subsequent quarters of 2023, it is not possible to provide a detailed analysis of the trend in interest coverage and assess the company's ability to meet its interest obligations in recent quarters.