Dream Finders Homes Inc (DFH)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 3,648,040 | 422,289 | 344,204 | 149,260 |
| Interest expense | US$ in thousands | — | 27,312 | 32 | 672 |
| Interest coverage | — | 15.46 | 10,756.38 | 222.11 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $3,648,040K ÷ $—K
= —
Dream Finders Homes Inc's interest coverage ratio has shown significant fluctuations over the past few years. As of December 31, 2021, the company had an interest coverage ratio of 222.11, indicating that it was well-positioned to cover its interest expenses by over 222 times.
However, by December 31, 2022, the interest coverage ratio skyrocketed to 10,756.38, suggesting an exceptional ability to cover interest payments, potentially due to increased earnings or a decrease in interest expenses.
The ratio then dropped to 15.46 as of December 31, 2023, which may raise concerns about the company's ability to cover its interest obligations comfortably.
Lastly, as of December 31, 2024, the interest coverage ratio is marked as "N/A," meaning that specific data for this period is not available in the provided dataset.
Overall, Dream Finders Homes Inc's interest coverage ratio has exhibited volatility, with sharp fluctuations that may warrant further investigation into the factors driving these changes and the company's overall financial health.
Peer comparison
Dec 31, 2024