Amphenol Corporation (APH)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 3,156,900 | 2,576,800 | 2,581,300 | 2,115,400 | 1,632,100 |
| Interest expense | US$ in thousands | 217,000 | 139,500 | 128,400 | 115,500 | 115,400 |
| Interest coverage | 14.55 | 18.47 | 20.10 | 18.32 | 14.14 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $3,156,900K ÷ $217,000K
= 14.55
Amphenol Corporation's interest coverage ratio has exhibited a positive trend over the past five years, reflecting a strong ability to meet its interest obligations. The ratio has improved from 14.14 in 2020 to 18.32 in 2021, further increasing to 20.10 in 2022. Although there was a slight dip to 18.47 in 2023, the company's interest coverage remained relatively high. In 2024, the ratio decreased to 14.55, but it still indicates that the company has sufficient earnings to cover its interest expenses. Overall, Amphenol Corporation's interest coverage ratio demonstrates a consistent ability to comfortably meet its interest payments, providing a favorable indication of its financial health and stability.