Omnicell Inc (OMCL)
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 | -6,996 | -102,195 | -110,110 | -105,586 | -106,702 | -45,889 | -31,136 | -26,399 | 1,648 | 47,623 | 58,550 | 74,981 | 89,507 | 98,132 | 78,892 | 42,985 | 35,526 | 34,849 | 45,024 | 66,512 |
| Interest expense (ttm) | US$ in thousands | 25,256 | 18,900 | 17,507 | 16,995 | 14,760 | 12,755 | 10,212 | 7,462 | 5,795 | 8,642 | 13,580 | 17,828 | 24,405 | 24,892 | 19,636 | 13,851 | 7,982 | 6,224 | 6,815 | 8,270 |
| Interest coverage | -0.28 | -5.41 | -6.29 | -6.21 | -7.23 | -3.60 | -3.05 | -3.54 | 0.28 | 5.51 | 4.31 | 4.21 | 3.67 | 3.94 | 4.02 | 3.10 | 4.45 | 5.60 | 6.61 | 8.04 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-6,996K ÷ $25,256K
= -0.28
Omnicell Inc's interest coverage ratio has shown a declining trend from March 31, 2020, to December 31, 2022, indicating a weakening ability to cover interest expenses with its earnings. The ratio ranged from 8.04 on March 31, 2020, to 0.28 on December 31, 2022.
During the period from March 31, 2023, to December 31, 2024, the interest coverage ratio turned negative, implying that Omnicell Inc's earnings were insufficient to cover its interest obligations. This negative trend suggests a potential financial risk, as the company may struggle to meet its interest payments from its operating income.
Overall, a declining and negative interest coverage ratio raises concerns about Omnicell Inc's financial health and its ability to service its debt obligations in the future. Management should closely monitor and address this trend to ensure the company's long-term financial stability.
Peer comparison
Dec 31, 2024