NCR Voyix Corporation (VYX)
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 | 12,000 | -484,000 | -192,000 | -105,000 | -71,000 | 213,000 | 103,000 | 182,000 | 250,000 | 748,000 | 722,000 | 711,000 | 748,000 | 381,000 | 345,000 | 291,000 | 235,000 | 429,000 | 470,000 | 541,000 |
| Interest expense (ttm) | US$ in thousands | 134,000 | 160,000 | 205,000 | 255,000 | 299,000 | 340,000 | 329,000 | 305,000 | 285,000 | 268,000 | 262,000 | 256,000 | 238,000 | 225,000 | 217,000 | 213,000 | 218,000 | 221,000 | 214,000 | 202,000 |
| Interest coverage | 0.09 | -3.02 | -0.94 | -0.41 | -0.24 | 0.63 | 0.31 | 0.60 | 0.88 | 2.79 | 2.76 | 2.78 | 3.14 | 1.69 | 1.59 | 1.37 | 1.08 | 1.94 | 2.20 | 2.68 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $12,000K ÷ $134,000K
= 0.09
NCR Voyix Corporation's interest coverage ratio fluctuated over the years, indicating its ability to meet interest payments on outstanding debt. The trend shows a decrease from 2.68 in March 2020 to a low of -3.02 in September 2024, reflecting potential financial distress or an inability to cover interest expenses. The company exhibited some improvement in the coverage ratio towards the end of 2024, reaching 0.09 by December. A negative interest coverage ratio implies that the company's operating income was insufficient to cover its interest expenses, raising concerns about its financial health. Continued monitoring of NCR Voyix Corporation's interest coverage ratio is recommended to assess its ongoing financial stability and debt repayment ability.