Proto Labs Inc (PRLB)
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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 26,784 | 31,118 | 31,687 | 31,394 | 28,382 | 21,368 | 18,183 | 22,872 | 27,247 | 13,538 | 13,213 | 18,922 | 14,993 | 38,283 | 49,025 | 47,272 | 59,836 | 68,407 | 72,011 | 77,233 |
| Interest expense (ttm) | US$ in thousands | 0 | 1,290 | 1,290 | 1,290 | 2,580 | 67,861 | 67,885 | 67,886 | 66,896 | 325 | 301 | 300 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 24.12 | 24.56 | 24.34 | 11.00 | 0.31 | 0.27 | 0.34 | 0.41 | 41.66 | 43.90 | 63.07 | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $26,784K ÷ $0K
= —
Interest coverage ratio is a key financial metric that helps assess a company's ability to meet its interest obligations on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses. A higher interest coverage ratio indicates a company is more capable of servicing its debt.
Looking at the interest coverage ratio of Proto Labs Inc, we observe the following trends:
- There was no data available for interest coverage from March 2020 to December 2021, indicating a lack of historical information.
- From March 2022 to June 2022, the interest coverage ratio increased significantly from 63.07 to 43.90, showing a strong ability to cover interest expenses.
- However, from September 2022 to December 2024, the interest coverage ratio declined substantially to as low as 0.27, indicating a potential strain on the company's ability to meet its interest obligations.
- The ratio saw a slight improvement in March 2024 and June 2024, reaching 24.34 and 24.56, respectively. This improvement suggests a better ability to cover interest expenses compared to the previous quarters.
- Overall, it is essential for Proto Labs Inc to monitor its interest coverage ratio closely and strive to maintain a healthy ratio to ensure financial stability and meet debt obligations effectively.
Peer comparison
Dec 31, 2024