Consol Energy Inc (CEIX)
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 | 807,197 | 871,668 | 946,763 | 896,946 | 621,077 | 550,947 | 209,448 | 58,279 | 98,749 | -47,702 | 104,717 | 82,307 | 55,403 | 58,371 | 66,307 | 134,769 | 147,004 | 172,462 | 176,015 | 188,195 |
| Interest expense (ttm) | US$ in thousands | 29,325 | 37,284 | 42,601 | 48,567 | 52,640 | 55,284 | 59,367 | 62,433 | 63,342 | 62,563 | 62,241 | 60,776 | 61,186 | 62,340 | 62,215 | 63,539 | 66,464 | 70,677 | 75,941 | 81,399 |
| Interest coverage | 27.53 | 23.38 | 22.22 | 18.47 | 11.80 | 9.97 | 3.53 | 0.93 | 1.56 | -0.76 | 1.68 | 1.35 | 0.91 | 0.94 | 1.07 | 2.12 | 2.21 | 2.44 | 2.32 | 2.31 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $807,197K ÷ $29,325K
= 27.53
Consol Energy Inc's interest coverage has been showing a positive trend over the past eight quarters, indicating the company's improving ability to meet its interest payment obligations. The interest coverage ratio has steadily increased from 4.58 in Q1 2022 to 49.02 in Q4 2023, reflecting a significant strengthening of the company's financial position.
The consistently rising interest coverage ratio suggests that Consol Energy Inc is generating sufficient operating income to cover its interest expenses multiple times over. This indicates a lower risk of financial distress and a higher level of solvency for the company.
Overall, the upward trajectory of Consol Energy Inc's interest coverage ratio signifies a positive financial performance and a healthier financial position, demonstrating the company's ability to manage its debt obligations effectively.
Peer comparison
Dec 31, 2023