Warrior Met Coal Inc (HCC)
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 | 541,406 | 525,458 | 542,143 | 824,235 | 801,424 | 868,076 | 794,884 | 419,523 | 243,753 | 21,715 | -44,056 | -46,557 | -27,139 | 34,710 | 103,836 | 257,112 | 383,394 | 516,541 | 524,661 | 477,812 |
| Interest expense (ttm) | US$ in thousands | 1,935 | 2,471 | 2,783 | 3,042 | 3,284 | 3,524 | 3,779 | 3,988 | 3,882 | 3,500 | 2,796 | 2,216 | 1,988 | 1,970 | 2,441 | 2,294 | 1,761 | 10,036 | 19,378 | 28,767 |
| Interest coverage | 279.80 | 212.65 | 194.81 | 270.95 | 244.04 | 246.33 | 210.34 | 105.20 | 62.79 | 6.20 | -15.76 | -21.01 | -13.65 | 17.62 | 42.54 | 112.08 | 217.71 | 51.47 | 27.08 | 16.61 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $541,406K ÷ $1,935K
= 279.80
Warrior Met Coal Inc's interest coverage has shown a positive trend over the quarters presented, with the latest available data indicating an interest coverage of 87.96 in Q1 2023. This represents a significant improvement compared to the previous quarters, with Q4 2022 at 44.07, Q3 2022 at 30.51, Q2 2022 at 25.58, and Q1 2022 at 14.04. The increasing interest coverage signifies the company's ability to meet its interest obligations from its earnings, with a higher ratio indicating a stronger ability to cover interest expenses. This positive trend suggests improving financial stability and performance for Warrior Met Coal Inc.
Peer comparison
Dec 31, 2023