ESAB Corp (ESAB)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 404,166 | 329,065 |
| Interest expense | US$ in thousands | 76,344 | 37,950 |
| Interest coverage | 5.29 | 8.67 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $404,166K ÷ $76,344K
= 5.29
Peer comparison
Dec 31, 2023