CACI International Inc (CACI)

Interest coverage

		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	Dec 31, 2019	Sep 30, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	649,708	600,754	574,484	572,046	567,500	538,541	508,863	502,103	496,329	488,542	514,624	532,056	539,451	561,077	523,315	491,963	457,696	405,116	386,348	378,424
Interest expense (ttm)	US$ in thousands	105,059	104,914	100,816	93,239	83,861	70,971	56,485	47,552	41,757	42,306	42,176	40,254	39,836	38,468	43,601	49,228	56,059	63,797	63,176	57,883
Interest coverage		6.18	5.73	5.70	6.14	6.77	7.59	9.01	10.56	11.89	11.55	12.20	13.22	13.54	14.59	12.00	9.99	8.16	6.35	6.12	6.54

June 30, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $649,708K ÷ $105,059K
= 6.18

CACI International Inc's interest coverage ratio has shown a generally positive trend over the recent quarters, indicating the company's ability to cover its interest payments with its operating income. The interest coverage ratio has ranged from a low of 5.70 to a high of 14.59 over the past six quarters, with an average ratio of approximately 9.93 during this period. This indicates that the company's operating income has consistently been more than sufficient to cover its interest expenses, providing a buffer against potential financial distress. The upward trend in the interest coverage ratio suggests improving financial health and stability for CACI International Inc, as higher ratios indicate a stronger ability to meet debt obligations.