Ingredion Incorporated (INGR)
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 | 957,000 | 912,000 | 881,000 | 843,000 | 762,000 | 691,000 | 681,000 | 690,000 | 310,000 | 387,000 | 368,000 | 259,000 | 582,000 | 589,000 | 601,000 | 656,000 | 664,000 | 652,000 | 642,000 | 667,000 |
| Interest expense (ttm) | US$ in thousands | 114,000 | 122,000 | 120,000 | 107,000 | 99,000 | 81,000 | 77,000 | 79,000 | 74,000 | 80,000 | 82,000 | 82,000 | 81,000 | 78,000 | 80,000 | 77,000 | 81,000 | 83,000 | 83,000 | 92,000 |
| Interest coverage | 8.39 | 7.48 | 7.34 | 7.88 | 7.70 | 8.53 | 8.84 | 8.73 | 4.19 | 4.84 | 4.49 | 3.16 | 7.19 | 7.55 | 7.51 | 8.52 | 8.20 | 7.86 | 7.73 | 7.25 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $957,000K ÷ $114,000K
= 8.39
Based on the absence of specific data points for interest coverage in the provided table for all quarters of 2023 and 2022, it is not possible to calculate or analyze Ingredion Inc's interest coverage ratio for those periods. To perform a comprehensive analysis of the company's interest coverage, it would be essential to have the necessary financial information, specifically the operating income and interest expense figures for each quarter. Interest coverage ratio is a key financial metric used to assess a company's ability to meet its interest obligations and is calculated by dividing operating income by interest expenses. It provides insights into the company's financial health and its capacity to cover interest payments from its earnings. Therefore, without the relevant data points, a detailed analysis of Ingredion Inc's interest coverage is not feasible at this time.
Peer comparison
Dec 31, 2023