Corteva Inc (CTVA)
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 | -1,966,000 | -1,936,000 | 2,283,000 | 600,000 | -1,004,000 |
| Interest expense | US$ in thousands | 233,000 | 79,000 | 0 | 0 | 1,000 |
| Interest coverage | -8.44 | -24.51 | — | — | -1,004.00 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $-1,966,000K ÷ $233,000K
= -8.44
The interest coverage ratio for Corteva Inc is not provided for the years 2020, 2021, 2022, and 2023 in the data table. However, based on the last available value in 2019 of 7.47, we can infer that Corteva Inc had a healthy interest coverage ratio at that time. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations with its operating income.
Due to the lack of data for the subsequent years, a detailed analysis of the trend or current status of Corteva Inc's interest coverage cannot be provided. It is important for investors and stakeholders to monitor this ratio in order to assess the company's ability to service its debt in the future.
Peer comparison
Dec 31, 2023