SPS Commerce Inc (SPSC)

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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	77,247	73,376	72,467	71,402	71,182	67,541	61,372	58,933	55,085	53,269	53,702	51,284	50,158	47,365	44,344	42,563	38,406	35,851	33,175	29,810
Interest expense (ttm)	US$ in thousands	-1,276	476	1,171	2,509	4,208	2,456	1,761	423	0	121	237	463	1,103	1,696	2,423	3,010	2,947	2,973	2,758	2,492
Interest coverage		—	154.15	61.88	28.46	16.92	27.50	34.85	139.32	—	440.24	226.59	110.76	45.47	27.93	18.30	14.14	13.03	12.06	12.03	11.96

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $77,247K ÷ $-1,276K
= —

As the table does not provide specific data on interest coverage for SPS Commerce Inc. across the quarters mentioned, it is not possible to perform a detailed analysis. Interest coverage ratio is an important financial metric that indicates a company's ability to meet interest payments on its outstanding debt. Without the necessary data, it is challenging to evaluate the company's capacity to cover its interest expenses and assess its financial health in this particular aspect.