Teradyne Inc (TER)

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	529,378	585,013	666,746	760,804	844,104	905,499	980,063	1,130,150	1,178,776	1,150,405	1,118,833	952,575	925,198	850,249	737,477	651,120	547,999	517,982	507,184	495,858
Interest expense (ttm)	US$ in thousands	3,807	4,010	3,826	3,694	3,719	5,170	8,176	12,829	17,821	21,706	24,158	24,635	24,182	23,272	22,498	22,255	22,224	29,965	30,059	29,898
Interest coverage		139.05	145.89	174.27	205.96	226.97	175.14	119.87	88.09	66.15	53.00	46.31	38.67	38.26	36.54	32.78	29.26	24.66	17.29	16.87	16.58

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $529,378K ÷ $3,807K
= 139.05

Based on the provided data, the interest coverage ratio for Teradyne, Inc. was not available for Q4 2023, Q3 2023, Q2 2023, and Q1 2023. However, the interest coverage ratio improved significantly over the quarters in 2022. In Q3 2022, the interest coverage ratio was 582.82, indicating the company generated 582.82 times the earnings to cover its interest expense. This ratio decreased to 195.76 in Q3 2022 and further to 115.05 in Q1 2022. This trend suggests that in the earlier quarters of 2022, the company was able to cover its interest payments comfortably, but the ratio decreased over time. The absence of data for 2023 indicates a lack of information to assess the current interest coverage performance of Teradyne, Inc.