CH Robinson Worldwide Inc (CHRW)

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	514,607	571,212	745,299	1,082,341	1,266,782	1,390,154	1,413,314	1,204,253	1,082,108	1,001,504	858,974	787,157	673,268	603,272	636,118	674,866	789,976	908,687	953,575	945,048
Interest expense (ttm)	US$ in thousands	88,872	109,748	104,972	114,108	100,017	75,939	76,629	62,731	59,817	53,452	44,255	40,969	44,937	43,688	49,403	45,807	47,719	46,391	39,737	38,250
Interest coverage		5.79	5.20	7.10	9.49	12.67	18.31	18.44	19.20	18.09	18.74	19.41	19.21	14.98	13.81	12.88	14.73	16.55	19.59	24.00	24.71

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $514,607K ÷ $88,872K
= 5.79

As the interest coverage ratio data for C.H. Robinson Worldwide, Inc. is not available across the mentioned periods, a comprehensive analysis based on this ratio cannot be conducted at this time. The interest coverage ratio is a fundamental metric that indicates a company's ability to meet interest obligations on its outstanding debt. In the absence of this data, it is challenging to assess the company's capacity to cover its interest expenses from its operating income. It is recommended to monitor and examine this ratio in future financial statements to better understand the company's financial health and risk management capabilities.