Carlisle Companies Incorporated (CSL)
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 | 982,800 | 1,275,700 | 567,500 | 487,800 | 634,100 |
| Interest expense | US$ in thousands | 3,000 | 2,800 | 1,500 | 1,300 | 1,200 |
| Interest coverage | 327.60 | 455.61 | 378.33 | 375.23 | 528.42 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $982,800K ÷ $3,000K
= 327.60
The interest coverage ratio for Carlisle Companies Inc. has shown a generally positive trend over the last five years, indicating the company's ability to meet its interest obligations comfortably. In 2023, the interest coverage ratio reached 17.66, a significant increase from 2019 when it was 11.06. This suggests that the company's earnings before interest and taxes (EBIT) are more than sufficient to cover its interest expenses, providing a strong buffer against potential financial difficulties. The consistent improvement in the interest coverage ratio reflects positively on Carlisle Companies Inc.'s financial health and ability to manage its debt effectively.
Peer comparison
Dec 31, 2023