Fortive Corp (FTV)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 816,800 | 1,133,700 | 987,400 | 812,800 | 539,400 |
| Interest expense | US$ in thousands | -152,800 | -123,500 | 98,300 | 103,200 | 148,500 |
| Interest coverage | — | — | 10.04 | 7.88 | 3.63 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $816,800K ÷ $-152,800K
= —
According to the provided data, Fortive Corp's interest coverage ratio has shown a positive trend over the years, indicating an improved ability to cover its interest obligations.
As of December 31, 2020, the interest coverage ratio stood at 3.63, suggesting that the company generated operating income 3.63 times greater than its interest expenses. This ratio increased significantly to 7.88 by December 31, 2021, reflecting a stronger financial position and increased profitability.
By December 31, 2022, the interest coverage ratio further improved to 10.04, indicating that Fortive Corp was more capable of meeting its interest payment obligations from its operating earnings.
However, the data shows that the interest coverage ratio for December 31, 2023, and December 31, 2024, is not available (denoted as "—"), which may indicate incomplete information or data unavailability for those periods.
Overall, the trend in Fortive Corp's interest coverage ratio suggests an enhanced ability to service its debt obligations and indicates a positive financial performance.
Peer comparison
Dec 31, 2024