Exelon Corporation (EXC)

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 4,025,000 3,642,000 3,530,000 3,520,000 3,314,000 3,127,000 2,872,000 2,758,000 2,682,000 1,797,000 1,810,000 1,795,000 2,191,000 3,516,000 4,100,000 4,376,000 4,374,000 4,118,000 3,909,000 4,008,000
Interest expense (ttm) US$ in thousands 1,965,000 1,863,000 1,797,000 1,734,000 1,660,000 1,657,000 1,689,000 1,727,000 1,769,000 1,561,000 1,562,000 1,587,000 1,611,000 1,612,000 1,617,000 1,599,000 1,592,000 1,613,000 1,597,000 1,561,000
Interest coverage 2.05 1.95 1.96 2.03 2.00 1.89 1.70 1.60 1.52 1.15 1.16 1.13 1.36 2.18 2.54 2.74 2.75 2.55 2.45 2.57

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $4,025,000K ÷ $1,965,000K
= 2.05

Exelon Corp.'s interest coverage ratio has been relatively stable over the past eight quarters, ranging from 2.18 to 2.66. This indicates that the company's ability to meet its interest obligations from its earnings is consistent. An interest coverage ratio above 1 typically suggests that the company generates enough operating income to cover its interest expenses. Exelon's interest coverage ratio hovering around 2 indicates a healthy buffer to cover interest payments, providing some financial flexibility. However, it is also important to consider other factors such as the company's overall debt levels and cash flow position in conjunction with the interest coverage ratio to assess its financial health comprehensively.


Peer comparison

Dec 31, 2023