Thryv Holdings Inc (THRY)
Interest coverage
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -10,008 | 3,854 | 58,566 | 63,067 | 57,453 | 76,407 | 142,705 | 197,160 | 218,082 | 160,372 | 195,266 | 167,221 | 179,501 | 197,190 | 123,616 | 137,136 | 134,590 | 113,352 | 176,944 | 167,221 |
| Interest expense (ttm) | US$ in thousands | 46,771 | 50,865 | 54,482 | 58,599 | 61,728 | 64,229 | 63,668 | 62,028 | 60,407 | 59,075 | 61,051 | 65,569 | 66,374 | 66,376 | 65,439 | 64,281 | 68,539 | 75,434 | 83,491 | 90,617 |
| Interest coverage | -0.21 | 0.08 | 1.07 | 1.08 | 0.93 | 1.19 | 2.24 | 3.18 | 3.61 | 2.71 | 3.20 | 2.55 | 2.70 | 2.97 | 1.89 | 2.13 | 1.96 | 1.50 | 2.12 | 1.85 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-10,008K ÷ $46,771K
= -0.21
Thryv Holdings Inc's interest coverage ratio has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio indicates the company's ability to meet its interest obligations with its operating income.
The interest coverage ratio ranged from a low of 0.08 on September 30, 2024, to a high of 3.61 on December 31, 2022, demonstrating variability in the company's ability to cover its interest expenses. Generally, a higher interest coverage ratio is preferred as it signifies a stronger ability to make interest payments.
A notable upward trend in the interest coverage ratio can be observed from June 30, 2022, to December 31, 2024, indicating an improvement in the company's ability to cover its interest expenses with operating income during this period.
However, the ratio experienced a significant decline from June 30, 2023, to December 31, 2024, reaching negative values, which suggests potential challenges in meeting interest obligations with operating income during these quarters.
Overall, Thryv Holdings Inc's interest coverage ratio has displayed variability and fluctuations over time, indicating the company's changing ability to cover its interest expenses with its operating income.