Core Laboratories NV (CLB)
Interest coverage
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 57,803 | 49,671 | 44,836 | 47,809 |
| Interest expense (ttm) | US$ in thousands | 12,369 | 13,358 | 13,397 | 13,424 |
| Interest coverage | 4.67 | 3.72 | 3.35 | 3.56 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $57,803K ÷ $12,369K
= 4.67
Interest coverage ratio is a measure used to evaluate a company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT).
For Core Laboratories NV, the interest coverage ratio for the periods ending March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024 were 3.56, 3.35, 3.72, and 4.67 respectively.
The trend in the interest coverage ratio shows an improvement over the year, indicating that the company's earnings are sufficient to cover its interest obligations. A higher interest coverage ratio suggests that the company is more capable of meeting its interest payments from its operating income.
Overall, Core Laboratories NV's interest coverage ratio has been relatively stable and trending upwards, which is a positive indicator of the company's financial health and ability to service its debt obligations.
Peer comparison
Dec 31, 2024