BJs Restaurants Inc (BJRI)
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 | 13,749 | 15,015 | -36,139 | -44,043 | -97,073 |
| Interest expense | US$ in thousands | 5,484 | 4,915 | 2,888 | 5,002 | 7,078 |
| Interest coverage | 2.51 | 3.05 | -12.51 | -8.81 | -13.71 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $13,749K ÷ $5,484K
= 2.51
Based on the provided data, the interest coverage ratio of BJs Restaurants Inc has shown significant fluctuations over the years. The company had negative interest coverage ratios in the range of -13.71 to -8.81 for the years ending December 31, 2020, and December 31, 2021. This indicates that the company's operating income was insufficient to cover its interest expenses during those periods.
However, there was a notable improvement in the interest coverage ratio for the years ending December 31, 2023 and December 31, 2024, with ratios of 3.05 and 2.51, respectively. This suggests that the company's operating income became more sufficient to cover its interest obligations during these years.
Overall, the data indicates that BJs Restaurants Inc experienced challenges in meeting its interest payments in the past, but there has been an improvement in recent years. Investors and stakeholders should continue to monitor the company's interest coverage ratio to ensure financial stability and sustainability.
Peer comparison
Dec 31, 2024