Arrow Electronics Inc (ARW)
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 | 1,471,164 | 1,677,081 | 1,839,692 | 1,980,270 | 2,068,494 | 2,057,830 | 1,960,001 | 1,767,695 | 1,556,822 | 1,366,302 | 1,199,619 | 1,055,710 | 894,511 | 811,207 | 746,243 | 440 | 107,696 | 203,968 | 321,060 | 1,157,077 |
| Interest expense (ttm) | US$ in thousands | 328,724 | 308,893 | 277,649 | 231,321 | 190,156 | 162,654 | 144,385 | 136,564 | 135,833 | 132,728 | 130,522 | 131,704 | 137,210 | 155,913 | 175,334 | 195,030 | 203,743 | 208,010 | 212,333 | 221,573 |
| Interest coverage | 4.48 | 5.43 | 6.63 | 8.56 | 10.88 | 12.65 | 13.57 | 12.94 | 11.46 | 10.29 | 9.19 | 8.02 | 6.52 | 5.20 | 4.26 | 0.00 | 0.53 | 0.98 | 1.51 | 5.22 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,471,164K ÷ $328,724K
= 4.48
The lack of available data for Arrow Electronics Inc.'s interest coverage ratio in the provided table suggests that specific calculations for this ratio are not available for the mentioned periods. As interest coverage ratio is a key financial metric used to assess a company's ability to meet its interest obligations, it is important to have this information to evaluate Arrow Electronics Inc.'s financial health in terms of its ability to cover interest payments with its operating income. It would be beneficial to obtain this data to gain insights into the company's leverage and solvency position.
Peer comparison
Dec 31, 2023