CSW Industrials Inc (CSWI)
Interest coverage
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 178,528 | 168,972 | 159,118 | 154,544 | 150,075 | 143,399 | 139,066 | 128,239 | 118,576 | 109,351 | 97,380 | 85,113 | 75,781 | 71,869 | 59,220 | 57,472 | 63,843 | 61,785 | 65,853 | 67,002 |
| Interest expense (ttm) | US$ in thousands | 9,269 | 11,234 | 12,723 | 14,187 | 15,622 | 15,422 | 13,197 | 10,388 | 7,372 | 5,696 | 5,450 | 5,464 | 4,749 | 3,603 | 2,383 | 1,316 | 1,133 | 1,148 | 1,331 | 1,435 |
| Interest coverage | 19.26 | 15.04 | 12.51 | 10.89 | 9.61 | 9.30 | 10.54 | 12.34 | 16.08 | 19.20 | 17.87 | 15.58 | 15.96 | 19.95 | 24.85 | 43.67 | 56.35 | 53.82 | 49.48 | 46.69 |
September 30, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $178,528K ÷ $9,269K
= 19.26
CSW Industrials Inc has demonstrated a strong interest coverage ratio over the past quarters, indicating the company's ability to comfortably meet its interest payment obligations. The interest coverage ratio has generally been above 10, with an increasing trend in recent quarters. This suggests that CSW Industrials Inc has sufficient operating income to cover its interest expenses, providing a cushion against financial risk. The most recent interest coverage ratio of 19.26 as of September 30, 2024, indicates a robust ability to service its interest payments. Overall, the consistent and high interest coverage ratios reflect a healthy financial position for CSW Industrials Inc.
Peer comparison
Sep 30, 2024