Cigna Corp (CI)
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 | 8,536,000 | 8,414,000 | 7,935,000 | 8,153,000 | 8,077,000 |
| Interest expense | US$ in thousands | 1,404,000 | 1,302,000 | 1,302,000 | 1,403,000 | 1,603,000 |
| Interest coverage | 6.08 | 6.46 | 6.09 | 5.81 | 5.04 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $8,536,000K ÷ $1,404,000K
= 6.08
The interest coverage ratio for Cigna Group (The) is missing in the provided data for the years ending December 31, 2019 to December 31, 2023.
Interest coverage ratio is calculated as EBIT (Earnings Before Interest and Taxes) divided by interest expense. This ratio indicates the company's ability to meet its interest obligations with its operating income.
Without the specific data for the interest coverage ratio, a detailed analysis of Cigna Group's ability to cover its interest expenses cannot be provided at this time. It would be recommended to obtain the missing information in order to assess the company's financial health and ability to service its debt obligations.
Peer comparison
Dec 31, 2023