Innospec Inc (IOSP)

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 177,900 161,600 187,300 132,100 33,700
Interest expense US$ in thousands — 0 0 0 800
Interest coverage — — — — 42.12

December 31, 2024 calculation

Interest coverage = EBIT ÷ Interest expense
= $177,900K ÷ $—K
= —

The interest coverage ratio for Innospec Inc as of December 31, 2020, stands at 42.12. This indicates that the company's operating income is 42.12 times greater than its interest expense, highlighting a strong ability to cover interest payments comfortably. However, with no data provided for the subsequent years up to December 31, 2024, it is essential to monitor future financial reports to assess any potential changes in the company's ability to meet its interest obligations.