ViaSat Inc (VSAT)
Interest coverage
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -11,881 | -11,586 | 33,051 | -735,148 | -817,210 | -878,142 | -885,931 | -105,710 | -149,221 | -109,387 | -73,688 | -116,833 | -30,522 | 19,385 | 36,346 | 84,262 | 58,707 | 43,826 | 36,100 | 42,127 |
| Interest expense (ttm) | US$ in thousands | 421,944 | 440,357 | 479,418 | 450,235 | 400,398 | 283,184 | 158,394 | 76,875 | 26,686 | 30,746 | 27,024 | 28,408 | 28,887 | 22,803 | 25,544 | 29,184 | 32,479 | 35,472 | 36,982 | 36,860 |
| Interest coverage | -0.03 | -0.03 | 0.07 | -1.63 | -2.04 | -3.10 | -5.59 | -1.38 | -5.59 | -3.56 | -2.73 | -4.11 | -1.06 | 0.85 | 1.42 | 2.89 | 1.81 | 1.24 | 0.98 | 1.14 |
March 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-11,881K ÷ $421,944K
= -0.03
Interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. ViaSat Inc's interest coverage ratio has fluctuated over the reported period, starting at a low of 1.14 in June 2020, improving to a peak of 2.89 in June 2021, and then declining to negative values in subsequent periods. The negative values indicate that the company's operating income was insufficient to cover its interest expenses during these periods, raising concerns about its financial health and ability to service its debt. It is important for investors and creditors to monitor the trend of the interest coverage ratio to assess ViaSat Inc's ability to meet its interest obligations in the long term.
Peer comparison
Mar 31, 2025