Antero Midstream Partners LP (AM)

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 611,862 600,327 575,784 558,657 539,466 523,840 527,891 550,894 555,327 541,790 551,786 535,113 -117,638 -425,224 -911,130 -928,265 -398,493 -217,865 105,421 -23,679
Interest expense (ttm) US$ in thousands 5,979 5,911 5,845 5,780 5,716 5,665 5,644 5,571 5,549 5,356 5,046 4,801 4,503 4,359 4,271 4,022 3,183 2,181 1,232 399
Interest coverage 102.34 101.56 98.51 96.65 94.38 92.47 93.53 98.89 100.08 101.16 109.35 111.46 -26.12 -97.55 -213.33 -230.80 -125.19 -99.89 85.57 -59.35

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $611,862K ÷ $5,979K
= 102.34

Antero Midstream Corp's interest coverage ratio has been relatively stable over the past eight quarters, ranging from 3.23 to 3.66. This indicates that the company's operating profits are sufficient to cover its interest expenses by a healthy margin. Additionally, the consistently high interest coverage ratio suggests that Antero Midstream Corp has a strong ability to meet its interest obligations from its earnings. Overall, the favorable trend in the interest coverage ratio reflects the company's financial stability and ability to manage its debt effectively.


Peer comparison

Dec 31, 2023