Duke Energy Corporation (DUK)

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	6,293,000	4,419,000	4,534,000	5,517,000	5,289,000	6,566,000	6,459,000	6,223,000	6,383,000	5,372,000	5,227,000	3,290,000	3,305,000	4,309,000	4,480,000	6,559,000	6,471,000	6,162,000	5,827,000	5,430,000
Interest expense (ttm)	US$ in thousands	3,014,000	2,900,000	2,729,000	2,590,000	2,439,000	2,279,000	2,257,000	2,241,000	2,207,000	2,158,000	2,099,000	2,081,000	2,097,000	2,174,000	2,224,000	2,212,000	2,204,000	2,201,000	2,146,000	2,122,000
Interest coverage		2.09	1.52	1.66	2.13	2.17	2.88	2.86	2.78	2.89	2.49	2.49	1.58	1.58	1.98	2.01	2.97	2.94	2.80	2.72	2.56

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $6,293,000K ÷ $3,014,000K
= 2.09

Duke Energy Corp.'s interest coverage has displayed consistency in recent quarters, ranging between 2.39 and 2.68. This indicates the company's ability to meet its interest obligations from its operating profits. The trend shows a slight improvement in Q1 2023 compared to previous quarters, suggesting better financial health and decreased financial risk. Overall, Duke Energy Corp. maintains a healthy interest coverage ratio, reflecting its strong capacity to service its debt and indicating a lower likelihood of default.