Expedia Group Inc. (EXPE)
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 | 1,372,000 | 1,389,000 | 1,522,000 | 945,000 | 824,000 | 1,125,000 | 915,000 | 833,000 | 310,000 | -621,000 | -1,273,000 | -1,991,000 | -2,675,000 | -2,119,000 | -1,413,000 | -289,000 | 941,000 | 859,000 | 909,000 | 686,000 |
| Interest expense (ttm) | US$ in thousands | 245,000 | 244,000 | 245,000 | 257,000 | 277,000 | 301,000 | 324,000 | 334,000 | 351,000 | 369,000 | 396,000 | 408,000 | 360,000 | 311,000 | 238,000 | 182,000 | 173,000 | 161,000 | 168,000 | 180,000 |
| Interest coverage | 5.60 | 5.69 | 6.21 | 3.68 | 2.97 | 3.74 | 2.82 | 2.49 | 0.88 | -1.68 | -3.21 | -4.88 | -7.43 | -6.81 | -5.94 | -1.59 | 5.44 | 5.34 | 5.41 | 3.81 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,372,000K ÷ $245,000K
= 5.60
Expedia Group Inc's interest coverage has shown a positive trend over the quarters, indicating the company's ability to meet its interest obligations. The interest coverage ratio has increased significantly from 1.37 in Q1 2022 to 38.82 in Q4 2023. This suggests that the company's operating income is more than sufficient to cover its interest expenses. The notable improvement in the interest coverage ratio reflects a strengthening financial position and reduced financial risk for Expedia Group Inc. Overall, the upward trajectory in interest coverage highlights the company's enhanced ability to service its debt and indicates a positive outlook for its financial health.
Peer comparison
Dec 31, 2023