Repligen Corporation (RGEN)

Interest coverage

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Earnings before interest and tax (EBIT) US$ in thousands 66,083 220,302 164,821 69,985 35,443
Interest expense US$ in thousands 1,951 1,162 11,278 10,768 9,292
Interest coverage 33.87 189.59 14.61 6.50 3.81

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $66,083K ÷ $1,951K
= 33.87

The interest coverage ratio for Repligen Corp. has shown a fluctuating trend over the past five years. In 2023, the interest coverage ratio stands at 12.30, indicating that the company has sufficient earnings to cover its interest expenses 12.30 times over. This represents a decrease from the exceptionally high value of 168.62 in 2022.

The significant drop in 2023 from the previous year suggests a notable change in the company's ability to cover interest payments from its operating earnings. However, it is still substantially higher than the ratios recorded in 2020 and 2019, showcasing improved financial strength compared to those years.

Overall, Repligen Corp.'s interest coverage has fluctuated, with a sharp decrease in 2023 compared to the prior year but remains at a healthy level which indicates the company's capacity to meet its interest obligations from its operating earnings.


Peer comparison

Dec 31, 2023