Community Healthcare Trust Inc (CHCT)

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	25,918	34,030	33,330	27,876	19,169
Interest expense	US$ in thousands	17,792	11,873	10,542	8,620	9,301
Interest coverage		1.46	2.87	3.16	3.23	2.06

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $25,918K ÷ $17,792K
= 1.46

Community Healthcare Trust Inc's interest coverage has fluctuated over the past five years. The ratio decreased from 3.24 in 2020 to 1.41 in 2023, indicating a decrease in the company's ability to cover its interest payments with its operating income. The ratio was at its highest in 2021 at 3.12, suggesting improved financial health in that year. Overall, the trend in interest coverage for Community Healthcare Trust Inc is somewhat unstable, with fluctuations that may warrant further investigation into the company's financial health and stability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Interest coverage

Community Healthcare Trust Inc

CHCT

1.46