Yelp Inc (YELP)
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 | 79,043 | 58,353 | 31,514 | -38,795 | 35,511 |
| Interest expense | US$ in thousands | — | -8,425 | 116 | 4,054 | 14,256 |
| Interest coverage | — | — | 271.67 | -9.57 | 2.49 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $79,043K ÷ $—K
= —
Based on the given data, Yelp Inc has reported an interest coverage ratio of 271.95 for the fiscal year ending on December 31, 2021. This indicates that the company's operating income is significantly higher than its interest expenses, demonstrating its strong ability to meet its interest obligations from its earnings. However, it is worth noting that there is missing data for the years 2020 and 2019, limiting the ability to track the trend in interest coverage over multiple years. Further analysis of additional financial information would be beneficial to evaluate the company's financial health and ability to manage its debt effectively.
Peer comparison
Dec 31, 2023