Brunswick Corporation (BC)
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 | 729,100 | 819,100 | 868,700 | 947,900 | 947,400 | 874,300 | 836,700 | 807,700 | 800,200 | 813,800 | 808,200 | 665,200 | 538,000 | 474,700 | 104,300 | 127,300 | 25,300 | 25,400 | 292,400 | 266,000 |
| Interest expense (ttm) | US$ in thousands | 112,400 | 112,800 | 110,800 | 107,900 | 98,100 | 89,200 | 80,000 | 69,500 | 65,900 | 62,400 | 61,900 | 65,200 | 67,300 | 68,600 | 71,000 | 73,100 | 76,000 | 77,400 | 71,700 | 59,100 |
| Interest coverage | 6.49 | 7.26 | 7.84 | 8.78 | 9.66 | 9.80 | 10.46 | 11.62 | 12.14 | 13.04 | 13.06 | 10.20 | 7.99 | 6.92 | 1.47 | 1.74 | 0.33 | 0.33 | 4.08 | 4.50 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $729,100K ÷ $112,400K
= 6.49
The interest coverage ratio for Brunswick Corp. has been consistently strong over the past eight quarters, ranging from 7.61 to 12.19. This indicates the company's ability to meet its interest obligations comfortably with its earnings before interest and taxes (EBIT). The trend shows a generally stable or slightly improving ability to cover interest expenses, reflecting a healthy financial position. A higher interest coverage ratio suggests lower financial risk and indicates that the company is less vulnerable to potential financial distress due to an inability to meet debt obligations. Overall, Brunswick Corp. demonstrates solid financial health in terms of its interest coverage ratio.
Peer comparison
Dec 31, 2023