Dycom Industries Inc (DY)
Interest coverage
| Jan 31, 2025 | Jan 31, 2024 | Jan 27, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 368,784 | 344,602 | 294,983 | 220,740 | 182,957 |
| Interest expense | US$ in thousands | 60,994 | 52,603 | 2,984 | 40,618 | 2,835 |
| Interest coverage | 6.05 | 6.55 | 98.85 | 5.43 | 64.54 |
January 31, 2025 calculation
Interest coverage = EBIT ÷ Interest expense
= $368,784K ÷ $60,994K
= 6.05
The interest coverage ratio for Dycom Industries Inc has varied over the past few years. In January 2023, the interest coverage was impressive at 64.54, indicating the company's ability to cover its interest expenses comfortably. However, there was a significant decline in January 2023, with the ratio dropping to 5.43, which might raise concerns about the company's ability to meet its interest obligations effectively.
Fortunately, Dycom Industries Inc was able to improve its interest coverage substantially by January 2024, reaching a ratio of 98.85, reflecting a strong ability to cover interest payments. The ratio decreased slightly to 6.55 in January 2024 but remained relatively healthy. By January 2025, the interest coverage ratio stood at 6.05, still indicating the company's capability to meet its interest expenses.
Overall, Dycom Industries Inc's interest coverage has shown fluctuations, but the company has managed to maintain a reasonable level of coverage, ensuring it can comfortably meet its interest obligations in most of the periods analyzed.
Peer comparison
Jan 31, 2025