Synopsys Inc (SNPS)

Interest coverage

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,501,659	1,314,723	1,116,508	1,031,460	1,077,678	1,123,370	1,109,391	1,083,966	959,967	810,038	802,802	826,249	721,183	644,199	583,657	480,987	506,733	557,166	481,066	422,392
Interest expense (ttm)	US$ in thousands	2,238	1,178	1,277	1,374	1,462	1,698	2,403	2,721	3,128	3,367	3,053	3,237	4,276	5,140	5,441	6,714	8,709	11,660	14,935	17,279
Interest coverage		670.98	1,116.06	874.32	750.70	737.13	661.58	461.67	398.37	306.89	240.58	262.96	255.25	168.66	125.33	107.27	71.64	58.18	47.78	32.21	24.45

January 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,501,659K ÷ $2,238K
= 670.98

As the table does not provide data on the interest coverage ratios for Synopsys, Inc. for any of the mentioned quarters, we are unable to perform a detailed analysis of the company's ability to meet its interest payments from its operating profits during these periods. Interest coverage ratio is a critical financial metric that indicates a company's ability to pay its interest expenses on outstanding debt. Without this information, it is challenging to assess the company's financial health and its ability to service its debt obligations. Additional details or data points would be required to conduct a thorough analysis of Synopsys, Inc.'s interest coverage ratio.