GXO Logistics Inc (GXO)
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 | 401,000 | 319,000 | 368,000 | 254,000 | 92,000 |
| Interest expense | US$ in thousands | 103 | 53,000 | 29,000 | 21,000 | 24,000 |
| Interest coverage | 3,893.20 | 6.02 | 12.69 | 12.10 | 3.83 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $401,000K ÷ $103K
= 3,893.20
The interest coverage ratio for GXO Logistics Inc has shown fluctuations over the years, ranging from 3.83 in December 2020 to a significant increase to 12.10 in December 2021. The ratio continued to improve in subsequent years, reaching 12.69 in December 2022. However, there was a notable decline in the interest coverage to 6.02 in December 2023. The ratio then experienced a substantial surge to 3,893.20 in December 2024, indicating an exceptional capacity to cover interest expenses during that period. Overall, the trend in the interest coverage ratio for GXO Logistics Inc suggests varying levels of financial strength and ability to meet interest obligations over the years.
Peer comparison
Dec 31, 2024