Now Inc (DNOW)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 140,000 | 131,000 | 9,000 | -420,000 | -83,000 |
| Interest expense | US$ in thousands | 1,000 | 1,000 | 1,000 | 1,000 | 225,000 |
| Interest coverage | 140.00 | 131.00 | 9.00 | -420.00 | -0.37 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $140,000K ÷ $1,000K
= 140.00
The interest coverage ratio for NOW Inc is not available in the provided data for the years 2019 to 2023. The interest coverage ratio is a financial metric used to evaluate a company's ability to pay its interest expenses on outstanding debt. This 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 servicing its debt obligations. Without this ratio, it is difficult to assess the company's ability to cover its interest expenses and manage its debt effectively.
Peer comparison
Dec 31, 2023
Company name
Symbol
Interest coverage
Now Inc
DNOW
140.00
Baker Hughes Co
BKR
10.73
Cactus Inc
WHD
46.20
Dril-Quip Inc
DRQ
—
NOV Inc.
NOV
8.05
Weatherford International PLC
WFRD
6.67