Acadia Healthcare Company Inc (ACHC)
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 | -27,016 | -18,915 | 365,809 | 378,418 | 371,541 | 381,548 | 369,912 | 325,960 | 264,480 | -597,493 | -634,648 | -648,071 | -532,789 | 375,630 | 475,084 | 582,729 | 585,883 | 575,434 | 577,720 | 583,848 |
| Interest expense (ttm) | US$ in thousands | 4,350 | 4,347 | 4,333 | 4,318 | 4,302 | 5,420 | 5,402 | 5,407 | 6,245 | 6,442 | 6,635 | 6,803 | 9,204 | 10,106 | 10,088 | 10,102 | 8,943 | 7,557 | 9,219 | 10,819 |
| Interest coverage | -6.21 | -4.35 | 84.42 | 87.64 | 86.36 | 70.40 | 68.48 | 60.28 | 42.35 | -92.75 | -95.65 | -95.26 | -57.89 | 37.17 | 47.09 | 57.68 | 65.51 | 76.15 | 62.67 | 53.97 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-27,016K ÷ $4,350K
= -6.21
Acadia Healthcare Company Inc's interest coverage has been relatively stable over the past eight quarters, ranging from 6.04 to 6.64. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income. With an interest coverage consistently above 6, Acadia Healthcare has been generating sufficient operating income to comfortably cover its interest expenses. This indicates a healthy financial position and lower default risk on its debt obligations. Higher interest coverage ratios signify a stronger ability to service debt, indicating financial stability and potential for future growth.
Peer comparison
Dec 31, 2023