Curtiss-Wright Corporation (CW)
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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 514,463 | 505,332 | 477,119 | 459,050 | 436,175 | 386,018 | 375,985 | 368,348 | 394,750 | 365,612 | 354,306 | 310,527 | 298,596 | 346,018 | 367,952 | 428,264 | 427,809 | 415,107 | 404,073 | 398,564 |
| Interest expense (ttm) | US$ in thousands | 51,393 | 54,097 | 55,598 | 50,394 | 46,980 | 43,461 | 39,419 | 39,811 | 40,240 | 40,580 | 39,680 | 38,015 | 35,545 | 33,223 | 32,119 | 31,564 | 31,347 | 31,447 | 31,445 | 33,051 |
| Interest coverage | 10.01 | 9.34 | 8.58 | 9.11 | 9.28 | 8.88 | 9.54 | 9.25 | 9.81 | 9.01 | 8.93 | 8.17 | 8.40 | 10.42 | 11.46 | 13.57 | 13.65 | 13.20 | 12.85 | 12.06 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $514,463K ÷ $51,393K
= 10.01
Based on the data provided, Curtiss-Wright Corp.'s interest coverage ratio has remained relatively stable over the past eight quarters, ranging between 8.21 and 9.78. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt with its earnings before interest and taxes (EBIT).
A higher interest coverage ratio indicates that the company is more capable of servicing its debt obligations. Throughout the periods shown, Curtiss-Wright Corp. has consistently maintained a healthy interest coverage ratio above 8, reflecting its strong ability to cover its interest expenses.
Overall, the company's interest coverage ratio appears to be comfortably above the industry average and suggests that Curtiss-Wright Corp. has a solid financial position with sufficient earnings to meet its interest obligations.
Peer comparison
Dec 31, 2023