Green Brick Partners Inc (GRBK)
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 | 355,105 | 326,221 | 324,160 | 357,552 | 352,982 | 364,828 | 332,387 | 272,280 | 227,690 | 187,457 | 168,539 | 129,771 | 122,370 | 109,987 | 90,925 | 80,686 | 69,966 | 69,171 | 66,203 | 69,272 |
| Interest expense (ttm) | US$ in thousands | 83,379 | 88,541 | 88,956 | 93,392 | 15,936 | 14,380 | 13,965 | 9,529 | 3,606 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,479 | 4,958 | 6,964 |
| Interest coverage | 4.26 | 3.68 | 3.64 | 3.83 | 22.15 | 25.37 | 23.80 | 28.57 | 63.14 | — | — | — | — | — | — | — | — | 27.90 | 13.35 | 9.95 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $355,105K ÷ $83,379K
= 4.26
Based on the data provided, it appears that the interest coverage ratio for Green Brick Partners Inc is not available or has not been disclosed in the financial statements for the specified quarters in 2023 and 2022. The interest coverage ratio is a key financial metric used to assess the company's ability to meet its interest obligations. Without this information, it is challenging to evaluate the company's profitability and financial health in relation to its interest expenses. It is recommended to seek updated financial reports or additional information to perform a more comprehensive analysis of Green Brick Partners Inc's interest coverage ratio.
Peer comparison
Dec 31, 2023