Curtiss-Wright Corporation (CW)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 528,597 | 514,463 | 436,175 | 394,750 | 298,596 |
| Interest expense | US$ in thousands | 44,869 | 51,393 | 46,980 | 40,240 | 35,545 |
| Interest coverage | 11.78 | 10.01 | 9.28 | 9.81 | 8.40 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $528,597K ÷ $44,869K
= 11.78
The interest coverage ratio for Curtiss-Wright Corporation has shown a positive trend over the past five years, indicating the company's ability to meet its interest obligations from its operating income.
Starting at 8.40 in 2020, the interest coverage ratio improved steadily to 9.81 in 2021, 9.28 in 2022, 10.01 in 2023, and then significantly increased to 11.78 by the end of 2024.
This consistent improvement suggests that Curtiss-Wright Corporation's earnings are comfortably able to cover its interest expenses, reflecting a stronger financial position and reduced risk of insolvency due to debt obligations. It indicates a favorable financial health and stability for the company, providing reassurance to creditors and investors.
Peer comparison
Dec 31, 2024