Century Communities Inc (CCS)

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	2,792,751	2,795,332	3,052,662	3,366,537	3,623,059	3,674,719	3,529,526	3,425,218	3,436,468	3,240,626	3,085,651	2,843,345	2,472,886	2,289,425	2,111,370	1,979,674	1,921,022	1,810,217	1,784,586	1,280,742
Interest expense (ttm)	US$ in thousands	248,643	256,558	245,120	237,332	33,167	10,783	7,987	1,744	0	0	0	0	0	1	2	3	18	20	22	24
Interest coverage		11.23	10.90	12.45	14.18	109.24	340.79	441.91	1,964.00	—	—	—	—	—	2,289,425.00	1,055,685.00	659,891.33	106,723.44	90,510.85	81,117.55	53,364.25

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $2,792,751K ÷ $248,643K
= 11.23

As the data for interest coverage ratios for Century Communities Inc is not provided in the table, we are unable to conduct a specific analysis based on the numbers presented. However, the interest coverage ratio is a financial metric used to evaluate a company's ability to pay its interest expenses on outstanding debt.

In general, a higher interest coverage ratio indicates that a company is more capable of meeting its interest obligations from its operating income. Conversely, a low interest coverage ratio may suggest that a company could potentially have difficulty meeting its interest payments.

To assess Century Communities Inc's interest coverage, we would typically calculate the interest coverage ratio by dividing the company's earnings before interest and taxes (EBIT) by its interest expenses for a particular period. Without this specific financial data, it is challenging to provide a detailed analysis of the company's ability to handle its interest costs.

If additional data becomes available, particularly EBIT and interest expenses, a more in-depth analysis of Century Communities Inc's interest coverage can be performed to provide insights into its financial health and debt repayment capacity.