CH Robinson Worldwide Inc (CHRW)

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	514,607	1,266,780	1,082,110	673,268	789,976
Interest expense	US$ in thousands	90,200	100,017	59,817	44,937	47,719
Interest coverage		5.71	12.67	18.09	14.98	16.55

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $514,607K ÷ $90,200K
= 5.71

As the interest coverage ratio data is not provided for C.H. Robinson Worldwide, Inc. for the years listed in the table (Dec 31, 2023 to Dec 31, 2019), it is not possible to evaluate the company's ability to cover its interest expenses using this ratio. The interest coverage ratio is a measure of a company's ability to meet its interest payments on outstanding debt, and it is calculated as earnings before interest and taxes (EBIT) divided by the interest expense.

Without the specific interest coverage ratio values for C.H. Robinson Worldwide, Inc., it is challenging to assess the company's financial health and its capacity to handle interest obligations. A low interest coverage ratio could indicate potential difficulty in meeting interest payments, while a high ratio suggests a strong ability to cover interest expenses. Investors and analysts typically monitor this ratio as part of a comprehensive analysis of a company's financial performance and risk management.