Privia Health Group Inc (PRVA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 20,649 | 21,478 | 11,368 | -861 | -18,577 | -40,248 | -46,689 | -233,677 | -214,977 |
| Interest expense (ttm) | US$ in thousands | 2,853,524 | 6,676 | 4,067 | 3,913 | 2,300 | 1,348 | 1,363 | 1,000 | 1,100 |
| Interest coverage | 0.01 | 3.22 | 2.80 | -0.22 | -8.08 | -29.86 | -34.25 | -233.68 | -195.43 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $20,649K ÷ $2,853,524K
= 0.01
The interest coverage ratio for Privia Health Group Inc was negative in the second, third, and fourth quarters of 2022, indicating that the company's operating income was insufficient to cover its interest expenses during those periods. The negative ratios suggest a higher level of debt burden compared to operating profits, raising concerns about the company's ability to meet its interest obligations. However, without data available for the interest coverage ratio in 2023, it is unclear whether there has been any improvement or deterioration in the company's ability to cover interest expenses in recent quarters.
Peer comparison
Dec 31, 2023