Dupont De Nemours Inc (DD)

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	-2,152,000	4,712,000	4,864,000	5,099,000	4,922,000	-250,000	-362,000	-102,000	236,000	1,019,000	86,000	-1,134,000	-2,464,000	-3,023,000	-1,634,000	-1,136,000	-1,816,000	2,320,000	200,000	-669,000
Interest expense (ttm)	US$ in thousands	422,000	443,000	443,000	467,000	492,000	505,000	492,000	499,000	525,000	584,000	666,000	730,000	767,000	573,000	376,000	348,000	619,000	1,051,000	1,413,000	1,608,000
Interest coverage		-5.10	10.64	10.98	10.92	10.00	-0.50	-0.74	-0.20	0.45	1.74	0.13	-1.55	-3.21	-5.28	-4.35	-3.26	-2.93	2.21	0.14	-0.42

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-2,152,000K ÷ $422,000K
= -5.10

The interest coverage of DuPont de Nemours Inc has shown a general increasing trend over the eight quarters analyzed. The company's ability to cover its interest expenses has improved steadily from 4.74 in Q4 2022 to 7.34 in Q4 2023. This indicates that DuPont's earnings before interest and taxes (EBIT) are sufficient to cover its interest obligations comfortably.

The highest interest coverage ratio observed was 7.50 in Q3 2023, suggesting a peak in the company's ability to meet its interest payments during that period. However, there was a slight dip in Q2 2023 to 6.57 before recovering in Q3 2023.

Overall, DuPont de Nemours Inc's interest coverage appears to be strong and stable, indicating the company's financial health and ability to manage its debt obligations effectively. This trend is a positive signal for investors and creditors, reflecting a solid operational performance and financial position.