Liveramp Holdings Inc (RAMP)

Interest coverage

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	11,404	-21,448	-60,598	-97,928	-125,800	-106,642	-96,479	-73,539	-65,538	-89,477	-91,472	-112,142	-120,548	-109,429	-135,133	-158,554	-180,922	-189,821	-196,547	-184,473
Interest expense (ttm)	US$ in thousands	0	420	12,063	36,058	36,837	36,647	25,004	1,009	230	0	0	0	0	0	0	0	0	10,479	20,958	31,437
Interest coverage		—	-51.07	-5.02	-2.72	-3.42	-2.91	-3.86	-72.88	-284.95	—	—	—	—	—	—	—	—	-18.11	-9.38	-5.87

March 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $11,404K ÷ $0K
= —

The interest coverage ratio for Liveramp Holdings Inc has been quite volatile over the past few quarters. The ratio was negative in some periods, indicating that the company's earnings were insufficient to cover its interest expense. This raises concerns about the company's ability to meet its interest obligations using its operating income alone.

Specifically, the interest coverage ratio was at its worst in the most recent quarter, with a ratio of -51.07, suggesting a significant deterioration in the company's ability to cover its interest payments. This steep decline could be a red flag for investors and creditors, indicating potential financial stress for Liveramp Holdings Inc.

Overall, the trend in Liveramp's interest coverage ratio indicates a need for close monitoring of the company's financial health and potential risks associated with its ability to service its debt obligations.