Autodesk Inc (ADSK)

Interest coverage

		Jan 31, 2025	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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,354,000	1,299,000	1,287,000	1,206,000	1,114,000	1,092,000	1,014,000	1,010,000	1,041,000	895,000	848,100	740,000	634,000	683,700	644,500	627,200	597,000	549,300	492,700	437,100
Interest expense (ttm)	US$ in thousands	41,000	58,000	54,000	49,000	31,000	11,000	24,000	30,000	45,000	68,800	60,700	60,000	51,600	39,100	47,800	46,500	58,200	56,600	55,900	63,300
Interest coverage		33.02	22.40	23.83	24.61	35.94	99.27	42.25	33.67	23.13	13.01	13.97	12.33	12.29	17.49	13.48	13.49	10.26	9.70	8.81	6.91

January 31, 2025 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,354,000K ÷ $41,000K
= 33.02

Autodesk Inc's interest coverage ratio has shown a generally positive trend over the specified time period, starting at 6.91 in April 2020 and steadily increasing to 33.02 by January 2025. This indicates that the company's ability to cover its interest expenses with its earnings has improved significantly. There are some fluctuations in the ratio, with a notable increase in interest coverage in the latter half of 2023 and a peak at 99.27 in October 2023, suggesting a strong ability to meet interest obligations with operating profits during that period. The ratio then decreased but remained relatively stable in the following periods. Overall, the trend indicates a positive financial position regarding the company's ability to pay its interest obligations.