OSI Systems Inc (OSIS)

Interest coverage

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 Dec 31, 2019 Sep 30, 2019
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 189,061 183,394 166,368 139,538 135,279 117,685 111,774 115,369 121,749 116,046 120,086 123,358 115,371 104,973 96,132 96,693 104,887 109,121 117,616 116,404
Interest expense (ttm) US$ in thousands 27,847 25,391 23,711 22,357 20,041 16,767 13,341 10,378 8,962 10,676 12,542 14,558 16,731 17,068 17,607 18,218 18,765 19,349 20,246 21,022
Interest coverage 6.79 7.22 7.02 6.24 6.75 7.02 8.38 11.12 13.59 10.87 9.57 8.47 6.90 6.15 5.46 5.31 5.59 5.64 5.81 5.54

June 30, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $189,061K ÷ $27,847K
= 6.79

From the data provided, we can see that OSI Systems Inc's interest coverage ratio has fluctuated over the past few quarters. The interest coverage ratio is an important financial metric that indicates a company's ability to meet its interest obligations with its operating income.

OSI Systems Inc's interest coverage ratio ranged from a low of 5.31 in March 2020 to a high of 13.59 in September 2022. A higher interest coverage ratio indicates that the company is more capable of meeting its interest payments from its operating income.

Overall, the company's interest coverage ratio appears to have generally been above 5 in recent quarters, indicating that OSI Systems Inc has had a healthy ability to cover its interest expenses with its operating income. It is important for investors and creditors to monitor this ratio over time to assess the company's financial health and ability to service its debt obligations.


Peer comparison

Jun 30, 2024