Penumbra Inc (PEN)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 81,389 | 6,082 | -7,501 | -38,942 | 47,508 |
| Interest expense | US$ in thousands | 1,739 | 1,749 | 1,495 | 1,517 | 186 |
| Interest coverage | 46.80 | 3.48 | -5.02 | -25.67 | 255.42 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $81,389K ÷ $1,739K
= 46.80
To calculate Penumbra Inc's interest coverage ratio, we need data on the company's earnings before interest and taxes (EBIT) and its interest expense. Unfortunately, the table does not provide this information for the years 2019 to 2023.
Interest coverage ratio is a measure of a company's ability to pay interest on its outstanding debt. A higher ratio indicates a stronger ability to meet interest obligations. A declining interest coverage ratio over time may signal potential financial distress, as it suggests that the company's earnings are becoming insufficient to cover its interest expenses.
Without the specific figures for EBIT and interest expense, a detailed analysis of Penumbra Inc's interest coverage ratio cannot be conducted. It is crucial to obtain this data to assess the company's financial health and debt repayment capacity accurately.
Peer comparison
Dec 31, 2023