Sitime Corporation (SITM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -107,199 | -85,463 | -56,754 | -12,068 | 16,141 | 42,053 | 52,595 | 42,388 | 32,842 | 14,653 | 22 | -7,343 | -8,645 | -9,618 |
| Interest expense (ttm) | US$ in thousands | 11,458 | 9,024 | 11,516 | 12,319 | 6,738 | 3,443 | 951 | 148 | 0 | 0 | 110 | 423 | 726 | 1,120 |
| Interest coverage | -9.36 | -9.47 | -4.93 | -0.98 | 2.40 | 12.21 | 55.30 | 286.41 | — | — | 0.20 | -17.36 | -11.91 | -8.59 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-107,199K ÷ $11,458K
= -9.36
As the interest coverage ratio for SiTime Corp is not provided in the table for any of the quarters in 2022 and 2023, it is not possible to perform a detailed analysis of the company's ability to cover its interest expenses using this specific financial metric. Interest coverage ratio is a key indicator of a company's ability to meet its interest obligations with its operating income. It is calculated by dividing earnings before interest and taxes (EBIT) by the interest expense.
Without this ratio, it is difficult to assess SiTime Corp's financial health in terms of its ability to service its debt obligations. It is recommended to obtain additional financial information, specifically the EBIT and interest expense figures, to calculate the interest coverage ratio and analyze SiTime Corp's financial position more comprehensively.
Peer comparison
Dec 31, 2023