Vicor Corporation (VICR)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | -1,310 | 51,358 | 27,201 | 55,602 | 17,368 |
| Interest expense | US$ in thousands | — | — | 1,056 | 12,904 | 12,137 |
| Interest coverage | — | — | 25.76 | 4.31 | 1.43 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $-1,310K ÷ $—K
= —
The interest coverage ratio for Vicor Corporation has shown a positive trend over the years, starting at 1.43 as of December 31, 2020, then increasing to 4.31 as of December 31, 2021, and further jumping significantly to 25.76 as of December 31, 2022. This improvement indicates that Vicor Corporation's ability to cover its interest expenses with its operating income has strengthened over the years.
However, the data shows that there is missing information for the interest coverage ratio for the years ending December 31, 2023 and December 31, 2024. This lack of data for these periods makes it difficult to assess the company's recent performance in terms of its ability to service its interest obligations.
Overall, the increasing trend in the interest coverage ratio reflects a positive sign for Vicor Corporation, suggesting that the company has been more capable of meeting its interest payments with its earnings. It would be beneficial to observe future financial statements to see if this trend continues and to obtain a more comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2024