Schrodinger Inc (SDGR)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | -177,448 | -146,817 | -111,443 | -60,916 |
| Interest expense | US$ in thousands | — | 3 | 22,820 | 65,061 |
| Interest coverage | — | -48,939.00 | -4.88 | -0.94 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $-177,448K ÷ $—K
= —
It appears that the interest coverage ratio for Schrodinger Inc is not provided in the table for the years 2019 to 2023. The interest coverage ratio is a measure of a company's ability to pay interest expenses on outstanding debt. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.
Since the interest coverage ratio is not available in the provided data, it is not possible to assess Schrodinger Inc's ability to cover its interest expenses and the potential financial risks associated with its debt levels. In the absence of this key financial ratio, a more in-depth analysis of the company's financial health and debt management practices would be needed to provide a comprehensive assessment of its overall financial stability and creditworthiness.
Peer comparison
Dec 31, 2023