Expeditors International of Washington Inc (EXPD)

Interest coverage

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	1,020,930	1,855,960	1,921,670	954,709	766,692
Interest expense	US$ in thousands	4,800	23,277	411	219	27,481
Interest coverage		212.69	79.73	4,675.60	4,359.40	27.90

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $1,020,930K ÷ $4,800K
= 212.69

Based on the absence of data for interest coverage in the provided table for Expeditors International Of Washington, Inc. for the years 2019 to 2023, it is not possible to assess the company's ability to cover its interest expenses using this particular ratio. Interest coverage ratio is a key financial metric that indicates a company's capacity to meet its interest obligations on outstanding debt. In the absence of this information, a comprehensive analysis of the company's financial health and ability to service its debt obligations cannot be provided solely based on the interest coverage ratio. It is recommended to obtain more detailed financial data or consider alternative metrics for a deeper evaluation of Expeditors International Of Washington, Inc.'s financial performance and debt management.