Repligen Corporation (RGEN)

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	66,118	126,993	162,848	197,441	220,302	204,772	201,067	188,185	164,821	143,609	120,313	92,192	69,985	60,782	44,515	36,853	35,443	36,704	40,486	34,160
Interest expense (ttm)	US$ in thousands	1,951	1,083	1,143	1,140	1,162	3,770	6,300	8,816	11,278	10,136	10,329	10,546	10,768	11,998	11,803	10,542	9,292	8,027	6,857	6,783
Interest coverage		33.89	117.26	142.47	173.19	189.59	54.32	31.92	21.35	14.61	14.17	11.65	8.74	6.50	5.07	3.77	3.50	3.81	4.57	5.90	5.04

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $66,118K ÷ $1,951K
= 33.89

The interest coverage ratio for Repligen Corp. has shown a fluctuating trend over the past eight quarters. It was 12.30 in Q4 2023, indicating that the company generated income 12.30 times more than the interest expense for that quarter. The ratio then increased significantly to 51.62 in Q3 2023, indicating a strong ability to cover interest payments.

In Q2 2023, the interest coverage ratio further improved to 118.77, reflecting a substantial increase in the company's ability to meet its interest obligations. This trend continued in Q1 2023, with a notably high interest coverage ratio of 149.86.

Looking back to Q4 2022, the interest coverage ratio was 168.62, indicating a strong ability to cover interest expenses. However, there was a slight decline in Q3 2022 to 50.18, followed by further decreases in Q2 2022 (28.80) and Q1 2022 (19.63), although the ratios remained above 1, suggesting the company was still able to cover its interest payments.

Overall, the interest coverage ratio for Repligen Corp. has displayed fluctuations, with periods of strong performance and some slight declines. Investors and analysts may want to monitor this ratio closely to assess the company's ability to meet its interest obligations and manage its debt effectively.