Comcast Corp (CMCSA)

Interest coverage

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before interest and tax (EBIT)	US$ in thousands	23,297,000	24,846,000	13,625,000	23,699,000	18,486,000
Interest expense	US$ in thousands	4,134,000	4,087,000	3,896,000	4,281,000	4,588,000
Interest coverage		5.64	6.08	3.50	5.54	4.03

December 31, 2024 calculation

Interest coverage = EBIT ÷ Interest expense
= $23,297,000K ÷ $4,134,000K
= 5.64

Based on the data provided for Comcast Corp's interest coverage ratio over the past five years, there has been fluctuation in the company's ability to cover its interest payments:

1. As of December 31, 2020, Comcast's interest coverage ratio was 4.03, indicating the company generated enough operating income to cover its interest expenses 4.03 times.

2. By December 31, 2021, the interest coverage ratio improved to 5.54, suggesting Comcast's ability to cover interest payments strengthened compared to the previous year.

3. However, by December 31, 2022, the interest coverage ratio decreased to 3.50, signaling a decline in the company's ability to cover interest expenses from the prior year.

4. The trend reversed in the following years, with the interest coverage ratio increasing to 6.08 by December 31, 2023, and slightly decreasing to 5.64 by December 31, 2024.

Overall, Comcast Corp's interest coverage ratio has shown variability over the period, with fluctuations in the company's ability to comfortably meet its interest obligations. It is important for investors and creditors to monitor these fluctuations to assess the company's financial health and ability to service its debt obligations.