USANA Health Sciences Inc (USNA)
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 | 68,814 | 87,360 | 92,333 | 101,346 | 102,715 | 98,793 | 101,475 | 104,026 | 108,813 | 117,643 | 134,755 | 159,677 | 170,699 | 192,458 | 197,742 | 183,612 | 178,455 | 170,856 | 161,114 | 153,440 |
| Interest expense (ttm) | US$ in thousands | 281 | 297 | 291 | 283 | 262 | 149 | 138 | 191 | 192 | 178 | 164 | 84 | 57 | -1,069 | 290 | 491 | 507 | 1,637 | 282 | 75 |
| Interest coverage | 244.89 | 294.14 | 317.30 | 358.11 | 392.04 | 663.04 | 735.33 | 544.64 | 566.73 | 660.92 | 821.68 | 1,900.92 | 2,994.72 | — | 681.87 | 373.96 | 351.98 | 104.37 | 571.33 | 2,045.87 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $68,814K ÷ $281K
= 244.89
The interest coverage ratio for USANA Health Sciences Inc has demonstrated significant fluctuation over the reporting periods. The interest coverage ratio, which measures the company's ability to meet interest obligations with its operating income, has ranged from a high of 2,994.72 in December 2021 to a low of 104.37 in September 2020.
During the period, the interest coverage ratio has shown both positive and negative trends. It peaked in December 2021, indicating that the company had substantially higher operating income relative to its interest expenses at that time. However, it also fell below 1 in September 2020, suggesting that the company may have had challenges covering its interest payments with operating income during that period.
The most recent data as of December 2024 shows an interest coverage ratio of 244.89, which indicates an improvement compared to the earlier periods of fluctuation. It is important to note that a higher interest coverage ratio generally indicates a healthier financial position, as it implies the company is more capable of servicing its debt obligations. Monitoring this ratio over time can provide insights into the company's financial stability and ability to manage its debt effectively.