Solventum Corp. (SOLV)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,480,000 | 1,693,000 | 1,879,000 | 1,430,000 |
| Interest expense | US$ in thousands | — | — | — | — |
| Interest coverage | — | — | — | — |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $1,480,000K ÷ $—K
= —
As the interest coverage ratio for Solventum Corp. for the years 2020 to 2023 is not provided in the table, it is not possible to determine the company's ability to cover its interest expenses from its operating profits. The interest coverage ratio is a crucial financial metric used to assess a company's capacity to meet its interest obligations. A declining interest coverage ratio over time may indicate increasing financial risk, while an increasing ratio suggests improved ability to handle interest payments. To conduct a comprehensive analysis and evaluate Solventum Corp.'s financial performance effectively, it is essential to have the interest coverage ratio data for these years.
Peer comparison
Dec 31, 2023