Corteva Inc (CTVA)
Interest coverage
| 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 | -2,029,000 | -1,753,000 | -1,798,000 | -1,698,000 | -1,937,000 | -2,116,000 | -2,220,000 | -2,493,000 | -2,619,000 | -475,000 | -523,000 | -1,042,000 | -1,325,000 | -1,515,000 | -1,590,000 | -1,019,000 | -1,378,000 |
| Interest expense (ttm) | US$ in thousands | 233,000 | 207,000 | 167,000 | 101,000 | 79,000 | 51,000 | 41,000 | 32,000 | 30,000 | 32,000 | 35,000 | 42,000 | 45,000 | 59,000 | 67,000 | 87,000 | 133,000 |
| Interest coverage | -8.71 | -8.47 | -10.77 | -16.81 | -24.52 | -41.49 | -54.15 | -77.91 | -87.30 | -14.84 | -14.94 | -24.81 | -29.44 | -25.68 | -23.73 | -11.71 | -10.36 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-2,029,000K ÷ $233,000K
= -8.71
Based on the provided data, it appears that Corteva Inc did not report any interest coverage ratio for Q4 2023, Q2 2023, Q1 2023, and the previous quarters. The only data available is an interest coverage ratio of 418.40 for Q3 2023.
The absence of data for multiple quarters and the sudden high interest coverage ratio in Q3 2023 could suggest potential irregularities or anomalies in the financial reporting. It is important to exercise caution when interpreting financial ratios based on limited data points, as they may not provide a comprehensive understanding of the company's financial performance and ability to meet its interest obligations.
Further analysis and additional financial information would be necessary to assess Corteva Inc's overall financial health and the sustainability of its interest coverage ratio.
Peer comparison
Dec 31, 2023