Hawkins Inc (HWKN)
Interest coverage
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 95,708 | 114,992 | 112,820 | 111,104 | 104,137 | 103,746 | 100,151 | 86,703 | 80,980 | 76,937 | 75,596 | 75,483 | 70,732 | 68,915 | 65,491 | 63,253 | 57,318 | 51,564 | 47,504 | 43,804 |
| Interest expense (ttm) | US$ in thousands | 5,432 | 5,155 | 5,107 | 4,397 | 4,282 | 4,409 | 4,787 | 5,453 | 5,234 | 4,267 | 3,038 | 1,984 | 1,404 | 1,361 | 1,426 | 1,436 | 1,467 | 1,599 | 1,801 | 2,128 |
| Interest coverage | 17.62 | 22.31 | 22.09 | 25.27 | 24.32 | 23.53 | 20.92 | 15.90 | 15.47 | 18.03 | 24.88 | 38.05 | 50.38 | 50.64 | 45.93 | 44.05 | 39.07 | 32.25 | 26.38 | 20.58 |
March 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $95,708K ÷ $5,432K
= 17.62
The interest coverage ratio of Hawkins Inc has shown a generally positive trend from June 30, 2020, to June 30, 2022, increasing steadily over this period. The ratio peaked at 50.64 on December 31, 2021, indicating a strong ability to cover interest expenses with operating income. However, from June 30, 2022, to March 31, 2025, there was a declining trend in the interest coverage ratio, dropping to 17.62 on March 31, 2025.
This decline suggests a potential deterioration in Hawkins Inc's ability to cover interest expenses with operating income during the latter part of the period under review. It would be prudent for stakeholders to monitor this trend closely to assess the company's financial health and its ability to meet its debt obligations.
Peer comparison
Mar 31, 2025