Genpact Limited (G)
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 | 630,857 | 595,876 | 561,024 | 513,387 | 502,151 | 486,325 | 487,773 | 514,993 | 508,999 | 510,127 | 502,480 | 455,941 | 438,717 | 445,182 | 434,124 | 449,962 | 429,376 | 420,699 | 401,143 | 374,463 |
| Interest expense (ttm) | US$ in thousands | 35,110 | 65,395 | 62,397 | 58,650 | 58,103 | 56,303 | 56,297 | 58,805 | 58,312 | 55,685 | 55,437 | 55,787 | 56,244 | 44,105 | 30,218 | 28,641 | 27,558 | 39,143 | 50,912 | 38,234 |
| Interest coverage | 17.97 | 9.11 | 8.99 | 8.75 | 8.64 | 8.64 | 8.66 | 8.76 | 8.73 | 9.16 | 9.06 | 8.17 | 7.80 | 10.09 | 14.37 | 15.71 | 15.58 | 10.75 | 7.88 | 9.79 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $630,857K ÷ $35,110K
= 17.97
Genpact Ltd's interest coverage ratio has shown a consistent upward trend over the past eight quarters, indicating the company's improving ability to cover its interest expenses with its operating income. The ratio has steadily increased from 10.02 in Q1 2022 to 13.06 in Q4 2023, reflecting a positive trend in the company's financial stability and profitability. This upward trend suggests that Genpact Ltd has been effectively managing its interest obligations and generating sufficient operating income to meet its debt servicing requirements. Overall, the increasing interest coverage ratio is a positive indicator of Genpact Ltd's financial health and ability to meet its financial obligations.
Peer comparison
Dec 31, 2023