Xencor Inc (XNCR)

Interest coverage

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	-138,639	-146,223	-166,303	-168,306	-82,475	51,770	48,818	85,905	43,767	-61,583	-37,005	-83,692	-76,797	-93,671	-91,225	-73,197	13,824	23,314	38,241	29,523
Interest expense (ttm)	US$ in thousands	2,917	5,666	7,045	3,998	5,498	3,040	1,857	1,287	849	1,270	2,497	4,440	7,264	9,971	12,247	13,772	13,619	10,223	9,166	5,554
Interest coverage		-47.53	-25.81	-23.61	-42.10	-15.00	17.03	26.29	66.75	51.55	-48.49	-14.82	-18.85	-10.57	-9.39	-7.45	-5.31	1.02	2.28	4.17	5.32

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-138,639K ÷ $2,917K
= -47.53

As the interest coverage ratio data for Xencor Inc is not available for the specified quarters, a detailed analysis cannot be performed at this time. Interest coverage ratio is a key financial metric that provides insight into a company's ability to meet its interest obligations with its operating earnings. It is calculated by dividing earnings before interest and taxes (EBIT) by the interest expenses. An interest coverage ratio above 1 indicates that the company is generating enough earnings to cover its interest expenses.

To assess Xencor Inc's financial health and ability to meet its debt obligations, it is important to monitor the interest coverage ratio over time and compare it with industry benchmarks and historical trends. A declining interest coverage ratio may indicate financial distress or an increased risk of default, while an improving ratio may signal improved financial stability and creditworthiness. Stay tuned for future financial updates to analyze Xencor Inc's interest coverage ratio and its implications on the company's financial performance.