DR Horton Inc (DHI)

Interest coverage

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	6,468,700	7,754,100	5,493,100	3,129,500	2,265,400
Interest expense	US$ in thousands	203,500	162,500	152,200	153,300	140,200
Interest coverage		31.79	47.72	36.09	20.41	16.16

September 30, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $6,468,700K ÷ $203,500K
= 31.79

I'm sorry, but I don't have access to the specific financial data for D.R. Horton Inc. However, I can provide an overview of how interest coverage ratio is calculated and what it signifies:

Interest coverage ratio is a financial metric used to measure a company's ability to meet its interest payments on outstanding debt. The ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.

Without the specific data for D.R. Horton Inc., I'm unable to provide the exact interest coverage ratio for the company over the years in question. However, by analyzing the trend of the interest coverage ratio over the years, one could assess the company's ability to cover its interest expenses and its financial health. An increasing interest coverage ratio generally indicates improved financial stability, while a declining ratio may signal potential financial risk.

If you have the specific numbers for D.R. Horton Inc.'s EBIT and interest expenses, I can help you calculate the interest coverage ratio for any of the years in question.