Enersys (ENS)
Interest coverage
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Jul 5, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 330,726 | 412,139 | 362,564 | 352,018 | 349,109 | 358,443 | 342,581 | 314,226 | 274,651 | 233,643 | 210,799 | 203,015 | 214,997 | 218,256 | 218,800 | 220,609 | 210,371 | 209,631 | 175,342 | 167,727 |
| Interest expense (ttm) | US$ in thousands | 38,331 | 49,106 | 45,971 | 45,697 | 49,954 | 54,148 | 59,932 | 63,176 | 59,529 | 53,913 | 46,155 | 40,267 | 37,777 | 37,515 | 37,122 | 37,378 | 38,436 | 40,945 | 43,183 | 44,443 |
| Interest coverage | 8.63 | 8.39 | 7.89 | 7.70 | 6.99 | 6.62 | 5.72 | 4.97 | 4.61 | 4.33 | 4.57 | 5.04 | 5.69 | 5.82 | 5.89 | 5.90 | 5.47 | 5.12 | 4.06 | 3.77 |
March 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $330,726K ÷ $38,331K
= 8.63
The interest coverage ratio of Enersys has been showing a generally positive trend over the quarters, indicating the company's ability to meet its interest obligations with its operating profit.
Starting from July 5, 2020, with a ratio of 3.77, the interest coverage improved steadily, reaching a peak of 8.63 by March 31, 2025. This upward trend suggests that Enersys has been generating sufficient earnings to cover its interest expenses comfortably.
Overall, the consistent improvement in the interest coverage ratio reflects a strengthening financial position for Enersys, as higher ratios signify a lower risk of default on interest payments and indicate a healthier financial situation. This trend indicates that the company has been effectively managing its debt and operating profit, which is a positive sign for investors and creditors evaluating the company's financial health.
Peer comparison
Mar 31, 2025