Progyny Inc (PGNY)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 67,455 | 65,468 | 71,199 | 65,696 | 62,184 | 51,690 | 44,756 | 38,410 | 23,341 | 19,847 | 17,657 | 20,475 | 32,340 | 33,689 | 29,452 | 16,724 | 8,348 | 8,331 | 6,572 |
| Interest expense (ttm) | US$ in thousands | 0 | 0 | 0 | 706 | 2,026 | 2,586 | 2,788 | 2,122 | 814 | 337 | 279 | 491 | 497 | 431 | 304 | 57 | 189 | 308 | 319 |
| Interest coverage | — | — | — | 93.05 | 30.69 | 19.99 | 16.05 | 18.10 | 28.67 | 58.89 | 63.29 | 41.70 | 65.07 | 78.16 | 96.88 | 293.40 | 44.17 | 27.05 | 20.60 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $67,455K ÷ $0K
= —
Interest Coverage Analysis of Progyny Inc:
Interest coverage ratio is an important financial metric that indicates a company’s ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio signifies that the company is more capable of servicing its debt and is less risky for lenders.
Based on the data provided:
- The interest coverage ratio of Progyny Inc has shown significant improvement over the past few quarters, indicating a strengthening financial position.
- As of June 30, 2020, the interest coverage ratio was 20.60, which suggests that the company's operating income was 20.60 times higher than its interest expenses.
- The interest coverage ratio continued to increase in subsequent quarters, reaching a peak of 293.40 as of March 31, 2021, indicating robust financial health and a strong ability to meet interest payments.
- However, there was a slight decline in the interest coverage ratio in the following quarters, but it remained above 20, indicating a healthy position.
- As of December 31, 2022, the interest coverage ratio was 28.67, suggesting that the company's profits were 28.67 times higher than its interest expenses.
- The interest coverage ratio fluctuated in the subsequent periods but generally remained at comfortable levels, indicating a stable financial position.
- The interest coverage ratio as of March 31, 2024, was 93.05, reflecting the company's ability to generate sufficient operating income to cover its interest payments.
Overall, Progyny Inc's interest coverage ratio has shown variability over time but generally remains at healthy levels, indicating the company's ability to meet its interest obligations and manage its debt effectively. The company's improving financial performance and operational efficiency are reflected in its strong interest coverage ratios.
Peer comparison
Dec 31, 2024