Revvity Inc. (RVTY)

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	300,562	742,699	1,258,460	947,111	300,574
Interest expense	US$ in thousands	98,813	103,955	102,128	49,712	63,627
Interest coverage		3.04	7.14	12.32	19.05	4.72

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $300,562K ÷ $98,813K
= 3.04

The interest coverage ratio of Revvity Inc. has fluctuated over the past five years. In 2023, the interest coverage stood at 11.26, indicating that the company generated 11.26 times more operating income than the interest expenses it incurred during that period. This ratio has decreased compared to the previous year, where it was 7.40. However, it remains higher than the ratios in 2021 (13.50) and 2019 (6.30), suggesting that Revvity Inc. has demonstrated strong ability to meet its interest obligations with its operating income. The significant decrease from 2022 to 2023 should be further investigated to understand the reasons behind this change and to ensure the company's financial stability and ability to service its debt obligations in the future.