Concentra Group Holdings Parent, Inc. (CON)

Interest coverage is a financial ratio that indicates a company's ability to meet its interest payments on outstanding debt from its operating profits. A higher interest coverage ratio is generally more favorable as it suggests the company is more capable of servicing its debt obligations.

Based on the data provided for Concentra Group Holdings Parent, Inc., the interest coverage ratio was 2.52 for the year ended December 31, 2023. This ratio indicates that the company earned 2.52 times the amount needed to cover its interest expenses for that period.

In comparison, the interest coverage ratio for the previous two years was notably higher, standing at 8,016.78 for December 31, 2022, and 9,606.84 for December 31, 2021. These exceptionally high ratios could be due to potential anomalies or errors in the financial data reported for those years, as such extremely high values are rare and typically not reflective of typical operational performance.

Overall, while the interest coverage ratio for Concentra Group Holdings Parent, Inc. in 2023 is lower compared to the previous years, it still indicates that the company has sufficient operating income to cover its interest obligations. However, further analysis and scrutiny may be necessary, particularly regarding the significant variations in the ratio over the years, to assess the company's financial health accurately.

Peer comparison

Dec 31, 2023