STAAR Surgical Company (STAA)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | -12,611 | 28,097 | 43,802 | 33,339 | 6,769 |
| Interest expense | US$ in thousands | — | — | 2,448 | 0 | 2,362 |
| Interest coverage | — | — | 17.89 | — | 2.87 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $-12,611K ÷ $—K
= —
STAAR Surgical Company's interest coverage ratio, which measures the company's ability to meet its interest payment obligations, showed a varying trend over the years. In December 31, 2020, the interest coverage ratio was 2.87, indicating that the company's operating income was almost three times higher than its interest expense. However, in December 31, 2021, the data is not available ("—"), making it difficult to assess the company's ability to cover its interest expenses during that period.
The interest coverage ratio significantly improved to 17.89 in December 31, 2022, suggesting a substantial increase in the company's ability to pay its interest obligations comfortably. The subsequent years, December 31, 2023, and December 31, 2024, also lack data ("—"), which limits the analysis of the company's interest coverage in those years.
Overall, the trend in the interest coverage ratio indicates some fluctuations, with improvements noted in certain years. However, the missing data for 2021, 2023, and 2024 impedes a thorough understanding of the company's consistency in meeting its interest payment obligations during those periods.
Peer comparison
Dec 31, 2024