Now Inc (DNOW)
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 | 140,000 | 143,000 | 150,000 | 143,000 | 131,000 | 103,000 | 69,000 | 40,000 | 9,000 | -35,000 | -66,000 | -95,000 | -420,000 | -520,000 | -485,000 | -439,000 | -83,000 | 76,000 | 88,000 | 89,000 |
| Interest expense (ttm) | US$ in thousands | 1,000 | 5,000 | 5,000 | 26,000 | 35,000 | 31,000 | 31,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 2,000 | 4,000 | 6,000 | 7,000 | 8,000 |
| Interest coverage | 140.00 | 28.60 | 30.00 | 5.50 | 3.74 | 3.32 | 2.23 | 4.00 | — | — | — | — | — | — | -485.00 | -219.50 | -20.75 | 12.67 | 12.57 | 11.12 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $140,000K ÷ $1,000K
= 140.00
As the data provided does not include any values for the interest coverage ratio for NOW Inc across the indicated quarters, it is not possible to conduct a detailed analysis of the company's interest coverage performance during this period. In order to provide meaningful insights and assessments of NOW Inc's ability to cover its interest expenses, specific numerical values for the interest coverage ratio would be required. It is recommended to refer to the financial statements or additional sources to obtain the necessary data for a comprehensive evaluation of NOW Inc's interest coverage position.
Peer comparison
Dec 31, 2023