Addus HomeCare Corporation (ADUS)
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 | 92,432 | 84,869 | 79,049 | 74,221 | 69,078 | 67,708 | 67,506 | 67,583 | 66,204 | 58,432 | 53,645 | 46,328 | 45,131 | 48,324 | 43,261 | 40,985 | 35,701 | 27,125 | 25,406 | 24,599 |
| Interest expense (ttm) | US$ in thousands | 11,106 | 10,620 | 9,893 | 9,548 | 8,907 | 7,992 | 7,134 | 6,410 | 5,806 | 4,972 | 4,038 | 3,497 | 3,189 | 3,250 | 3,436 | 3,395 | 3,105 | 3,344 | 4,021 | 4,723 |
| Interest coverage | 8.32 | 7.99 | 7.99 | 7.77 | 7.76 | 8.47 | 9.46 | 10.54 | 11.40 | 11.75 | 13.29 | 13.25 | 14.15 | 14.87 | 12.59 | 12.07 | 11.50 | 8.11 | 6.32 | 5.21 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $92,432K ÷ $11,106K
= 8.32
The interest coverage ratio of Addus HomeCare Corporation has remained relatively stable over the past eight quarters, ranging from 8.02 to 11.02. This indicates that the company's ability to cover its interest expenses with its operating income has been consistently strong. The ratio has generally been above 8, suggesting that the company generates ample income to meet its interest obligations. The highest interest coverage ratio of 11.02 was observed in Q1 2022, indicating a peak in the company's ability to cover interest expenses during that period. Overall, the consistent and solid interest coverage ratios reflect a healthy financial position for Addus HomeCare Corporation.
Peer comparison
Dec 31, 2023