AptarGroup Inc (ATR)
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 | 496,497 | 415,554 | 375,264 | 352,398 | 334,349 |
| Interest expense | US$ in thousands | 43,898 | 40,418 | 40,827 | 30,284 | 33,244 |
| Interest coverage | 11.31 | 10.28 | 9.19 | 11.64 | 10.06 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $496,497K ÷ $43,898K
= 11.31
The interest coverage ratio for AptarGroup Inc has shown a generally positive trend over the past five years. Starting at 10.06 in December 31, 2020, it increased to 11.64 by December 31, 2021, indicating the company's ability to comfortably cover its interest payments with its operating income. However, there was a slight decrease to 9.19 by December 31, 2022, which may warrant some attention as it dipped below the previous levels. Subsequently, the ratio improved to 10.28 by December 31, 2023, and further increased to 11.31 by December 31, 2024, demonstrating a recovery and strengthening of the company's ability to meet its interest obligations from its earnings. Overall, while there was a temporary decline, the trend suggests a generally healthy interest coverage position for AptarGroup Inc throughout the period.
Peer comparison
Dec 31, 2024