US Physicalrapy Inc (USPH)
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 | 63,213 | 47,795 | 48,930 | 49,379 | 52,061 | 59,735 | 58,749 | 58,767 | 56,801 | 66,472 | 68,509 | 70,659 | 70,649 | 72,386 | 75,389 | 63,421 | 52,413 | 45,121 | 37,987 | 48,270 |
| Interest expense (ttm) | US$ in thousands | 422 | 422 | 420 | 420 | 420 | 2,554 | 4,462 | 5,345 | 5,779 | 3,731 | 1,986 | 1,236 | 942 | 954 | 1,037 | 1,453 | 1,634 | 1,988 | 2,194 | 2,148 |
| Interest coverage | 149.79 | 113.26 | 116.50 | 117.57 | 123.95 | 23.39 | 13.17 | 10.99 | 9.83 | 17.82 | 34.50 | 57.17 | 75.00 | 75.88 | 72.70 | 43.65 | 32.08 | 22.70 | 17.31 | 22.47 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $63,213K ÷ $422K
= 149.79
The interest coverage ratio of US Physicalrapy Inc shows a fluctuating trend over the analyzed period. The ratio stood at a robust 22.47 in March 2020, indicating the company's ability to cover its interest payments comfortably. The ratio remained relatively stable in the following quarters until December 2021, where it significantly increased to 75.00, reflecting a substantial improvement in the company's ability to service its debt.
However, starting from March 2022, the interest coverage ratio began to decline, reaching its lowest point of 9.83 by December 2022. This significant drop suggests a potential strain on the company's ability to cover its interest expenses with its operating income. The ratio slightly improved in the following periods but remained below the levels seen in the earlier years.
The most recent data point in December 2024 shows a notable increase in the interest coverage ratio to 149.79, indicating a significant improvement in the company's ability to meet its interest obligations. Overall, US Physicalrapy Inc's interest coverage ratio has experienced fluctuations, indicating varying levels of financial health and debt servicing capacity over the analyzed period.
Peer comparison
Dec 31, 2024