Insulet Corporation (PODD)

Interest coverage

		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	Jun 30, 2019	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	250,800	167,800	107,200	42,000	46,300	63,300	91,400	106,600	82,200	28,000	21,700	62,700	57,800	81,200	66,400	46,800	49,100	49,117	47,357	43,759
Interest expense (ttm)	US$ in thousands	36,200	38,700	37,500	36,900	36,500	42,400	49,600	57,100	61,700	59,400	54,900	50,100	48,100	46,200	43,700	39,600	34,600	30,556	28,002	27,592
Interest coverage		6.93	4.34	2.86	1.14	1.27	1.49	1.84	1.87	1.33	0.47	0.40	1.25	1.20	1.76	1.52	1.18	1.42	1.61	1.69	1.59

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $250,800K ÷ $36,200K
= 6.93

Insulet Corporation's interest coverage has shown a positive trend over the past eight quarters, indicating the company's ability to meet its interest obligations with its operating income. The interest coverage ratio has significantly improved from 1.80 in Q4 2022 to 28.95 in Q4 2023, reaching a peak in the latest quarter. This suggests that the company's earnings are comfortably covering its interest expenses, providing a buffer against any potential financial strain. The substantial increase in interest coverage ratios demonstrates strong financial health and stability for Insulet Corporation.