Accenture plc (ACN)

Interest coverage

		Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	9,054,880	9,131,700	7,736,870	6,729,930	6,207,630
Interest expense	US$ in thousands	47,525	47,320	59,492	33,071	22,963
Interest coverage		190.53	192.98	130.05	203.50	270.33

August 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $9,054,880K ÷ $47,525K
= 190.53

Based on the given data, we can see that Accenture plc did not report any interest coverage for the years ended August 31, 2023, and 2020. However, the interest coverage for the year ended August 31, 2022, was exceptionally high at 4,283.12, indicating a substantial buffer between the company's earnings before interest and taxes (EBIT) and its interest expenses. The interest coverage for the year ended August 31, 2021, was 291.71, suggesting a strong ability to meet its interest obligations. The absence of reported interest coverage for certain years may indicate unique financial circumstances during those periods. It is essential to consider the reasons behind the lack of reported interest coverage to gain a more comprehensive understanding of Accenture plc's financial performance.