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 | ||
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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