Vericel Corp Ord (VCEL)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | -1,768 | -15,613 | -7,578 | 3,050 | -9,657 |
| Interest expense | US$ in thousands | 600 | 366 | 4 | 6 | 8 |
| Interest coverage | -2.95 | -42.66 | -1,894.50 | 508.33 | -1,207.12 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $-1,768K ÷ $600K
= -2.95
Unfortunately, without the specific values for interest payments and operating income provided in the financial statements of Vericel Corp for the years ended December 31, 2019 to 2023, it is not possible to calculate or analyze the interest coverage ratio. The interest coverage ratio is a crucial financial metric used to assess a company's ability to meet its interest obligations on outstanding debt. It is calculated by dividing operating income by interest expense. A higher interest coverage ratio indicates a greater ability to cover interest payments from operating income. To conduct a thorough analysis of Vericel Corp's financial health and solvency, it is imperative to have access to the necessary financial figures.
Peer comparison
Dec 31, 2023