Dril-Quip Inc (DRQ)
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 | 10,105 | 8,408 | 27,289 | 18,389 | 6,986 | -67,255 | -86,813 | -98,118 | -124,263 | -64,426 | -59,594 | -51,845 | -61,428 | -42,473 | -38,429 | -26,777 | 10,742 | -93,420 | -107,739 | -114,012 |
| Interest expense (ttm) | US$ in thousands | 1,159 | 1,091 | 162 | 242 | 216 | 479 | 442 | 402 | 787 | 675 | 719 | 869 | 621 | 704 | 592 | 383 | 313 | -107 | 62 | 213 |
| Interest coverage | 8.72 | 7.71 | 168.45 | 75.99 | 32.34 | -140.41 | -196.41 | -244.07 | -157.89 | -95.45 | -82.88 | -59.66 | -98.92 | -60.33 | -64.91 | -69.91 | 34.32 | — | -1,737.73 | -535.27 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $10,105K ÷ $1,159K
= 8.72
It appears from the table provided that the interest coverage ratio for Dril-Quip, Inc. is not explicitly stated for the specified quarters in the data. In order to conduct a comprehensive analysis of the company's interest coverage, it would be necessary to calculate this ratio using the relevant financial data from the income statement for each quarter.
The interest coverage ratio is computed by dividing the 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 using its earnings.
Without the specific values for EBIT and interest expenses, a precise evaluation of Dril-Quip, Inc.'s interest coverage cannot be provided. It is important for stakeholders to monitor this ratio over time to assess the company's ability to service its debt and manage its financial obligations effectively.
Peer comparison
Dec 31, 2023