Century Communities Inc (CCS)
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 | 408,930 | 738,000 | 700,322 | 337,040 | 207,535 |
| Interest expense | US$ in thousands | 58,100 | 61,100 | 59,200 | 66,800 | 74,900 |
| Interest coverage | 7.04 | 12.08 | 11.83 | 5.05 | 2.77 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $408,930K ÷ $58,100K
= 7.04
Interest coverage ratio is a key financial metric that indicates a company's ability to cover its interest expenses with its operating income. The formula for interest coverage ratio is Earnings Before Interest and Taxes (EBIT) divided by Interest Expense.
Given that the table does not provide specific data for interest coverage ratio for Century Communities Inc for the years 2019 to 2023, it is not possible to calculate or analyze this ratio. However, a higher interest coverage ratio typically indicates that a company is more capable of meeting its interest obligations from its operating income.
To assess the interest coverage position of Century Communities Inc accurately, it would be necessary to have the EBIT and Interest Expense figures for each respective year in order to calculate the interest coverage ratio and provide a meaningful analysis of the company's ability to meet its interest obligations.
Peer comparison
Dec 31, 2023