Badger Meter Inc (BMI)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 118,049 | 87,295 | 78,723 | 65,156 | 62,148 |
| Interest expense | US$ in thousands | — | 552 | -20 | 30 | 253 |
| Interest coverage | — | 158.14 | — | 2,171.87 | 245.64 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $118,049K ÷ $—K
= —
The interest coverage ratio for Badger Meter Inc. could not be calculated for the years 2021, 2022, and 2023 as the interest expense information is missing for these years. In 2020, the interest coverage ratio was 2,171.87, indicating that the company generated 2,171.87 times more operating income than the interest expense for that year. This exceptionally high ratio suggests a strong ability to meet interest obligations from operating earnings. In comparison, the interest coverage ratio for 2019 was 245.64, which also reflects a healthy coverage of interest expenses with operating income. It is important for stakeholders to monitor the interest coverage ratio over time to assess the company's financial health and ability to cover interest expenses.
Peer comparison
Dec 31, 2023