AptarGroup Inc (ATR)
Interest coverage
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 499,078 | 470,228 | 451,962 | 446,543 | 415,554 | 407,750 | 382,457 | 363,331 | 375,264 | 379,811 | 359,684 | 339,690 | 352,398 | 344,968 | 368,328 | 357,335 | 337,479 | 331,399 | 323,673 | 363,059 |
| Interest expense (ttm) | US$ in thousands | 43,898 | 43,044 | 40,738 | 40,365 | 40,418 | 40,059 | 39,831 | 42,125 | 40,827 | 38,351 | 36,606 | 31,799 | 30,284 | 29,872 | 30,712 | 32,271 | 33,244 | 34,594 | 34,641 | 34,663 |
| Interest coverage | 11.37 | 10.92 | 11.09 | 11.06 | 10.28 | 10.18 | 9.60 | 8.63 | 9.19 | 9.90 | 9.83 | 10.68 | 11.64 | 11.55 | 11.99 | 11.07 | 10.15 | 9.58 | 9.34 | 10.47 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $499,078K ÷ $43,898K
= 11.37
AptarGroup Inc's interest coverage ratio has shown relatively stable performance over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt with its operating income.
Looking at the data provided, the interest coverage ratio has fluctuated within a range of 8.63 to 11.99 over the period. Generally, an interest coverage ratio above 1 indicates that a company is generating enough operating income to cover its interest expenses. AptarGroup Inc's interest coverage ratios consistently being above 1 indicates that the company has been able to comfortably meet its interest obligations.
The highest interest coverage ratio was observed on June 30, 2021, at 11.99, indicating a strong ability to cover interest expenses. The lowest ratio was recorded on March 31, 2023, at 8.63, which although lower, still indicates that the company's operating income was able to cover its interest costs.
Overall, based on the data provided, AptarGroup Inc has maintained a healthy interest coverage ratio throughout the period, suggesting a solid financial position in terms of meeting its interest obligations.
Peer comparison
Dec 31, 2024