Agilent Technologies Inc (A)
Interest coverage
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,617,000 | 1,626,000 | 1,417,000 | 1,424,000 | 1,434,000 | 1,470,000 | 1,730,000 | 1,683,000 | 1,588,000 | 1,579,000 | 1,511,000 | 1,450,000 | 1,441,000 | 1,274,000 | 1,164,000 | 1,012,000 | 920,000 | 868,000 | 870,000 | 964,000 |
| Interest expense (ttm) | US$ in thousands | 96,000 | 86,000 | 88,000 | 92,000 | 95,000 | 96,000 | 91,000 | 88,000 | 84,000 | 82,000 | 84,000 | 83,000 | 81,000 | 79,000 | 77,000 | 77,000 | 78,000 | 80,000 | 79,000 | 76,000 |
| Interest coverage | 16.84 | 18.91 | 16.10 | 15.48 | 15.09 | 15.31 | 19.01 | 19.12 | 18.90 | 19.26 | 17.99 | 17.47 | 17.79 | 16.13 | 15.12 | 13.14 | 11.79 | 10.85 | 11.01 | 12.68 |
October 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,617,000K ÷ $96,000K
= 16.84
Agilent Technologies Inc's interest coverage ratio has shown fluctuations over the past few years. The ratio has generally been at a healthy level, indicating the company's ability to meet its interest obligations comfortably. There was a consistent upward trend from Jan 2020 to Apr 2023, reaching a peak of 19.12, before experiencing a slight decline in subsequent periods.
The highest interest coverage ratio was recorded in Jul 2024 at 18.91, demonstrating a strong ability to cover interest expenses. However, there was a noticeable decrease in the most recent period (Oct 2024) to 16.84, which should be monitored to ensure the company's ability to service its debt remains stable.
Overall, the interest coverage ratio for Agilent Technologies Inc has generally been strong, reflecting the company's efficient management of its interest expenses relative to its operating income.
Peer comparison
Oct 31, 2024