Chuy's Holdings Inc (CHUY)

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	33,589	29,645	27,722	24,623	22,336	27,392	29,259	34,525	34,402	29,040	25,083	15,280	-8,544	-13,554	-20,091	-17,799	3,436	7,958	2,120	2,964
Interest expense (ttm)	US$ in thousands	88	-2,111	-1,497	-718	87	-352	53	149	144	137	96	228	257	270	265	135	122	114	110	106
Interest coverage		381.69	—	—	—	256.74	—	552.06	231.71	238.90	211.97	261.28	67.02	-33.25	-50.20	-75.82	-131.84	28.16	69.81	19.27	27.96

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $33,589K ÷ $88K
= 381.69

The interest coverage ratio for Chuy`s Holdings Inc has not been provided for the most recent quarters of 2023. However, looking at historical data, the interest coverage ratio sharply decreased from 711.43 in Q2 2022 to 292.90 in Q1 2022. This downward trend may indicate that the company's ability to cover its interest expenses with its earnings has weakened over time. It is essential for investors and stakeholders to closely monitor the interest coverage ratio in future quarters to assess the company's financial health and its ability to meet its debt obligations.