John B Sanfilippo & Son Inc (JBSS)
Interest coverage
| 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 23, 2021 | Sep 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 82,486 | 89,483 | 92,903 | 89,717 | 87,509 | 90,088 | 85,393 | 78,908 | 83,617 | 76,654 | 80,339 | 89,821 | 81,260 | 79,177 | 77,612 | 74,435 | 74,716 | 75,979 | 72,053 | 64,304 |
| Interest expense (ttm) | US$ in thousands | 2,549 | 2,398 | 2,165 | 1,725 | 2,159 | 2,427 | 2,406 | 2,211 | 1,921 | 1,628 | 1,406 | 1,362 | 1,441 | 1,605 | 1,875 | 1,934 | 2,005 | 2,130 | 2,339 | 2,702 |
| Interest coverage | 32.36 | 37.32 | 42.91 | 52.01 | 40.53 | 37.12 | 35.49 | 35.69 | 43.53 | 47.08 | 57.14 | 65.95 | 56.39 | 49.33 | 41.39 | 38.49 | 37.26 | 35.67 | 30.81 | 23.80 |
June 30, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $82,486K ÷ $2,549K
= 32.36
The interest coverage ratio for John B Sanfilippo & Son Inc has shown a generally positive trend over the past few quarters. The company's ability to cover its interest expenses has been consistently strong, with the ratio consistently above 30, reflecting a healthy level of earnings relative to interest charges.
Specifically, the interest coverage ratio has demonstrated an increasing trend from 23.80 in the third quarter of 2019 to a peak of 57.14 in the first quarter of 2022. Although there was a slight dip in the most recent quarter, the ratio remains at a robust level, indicating the company's ability to comfortably meet its interest obligations using its operating income.
Overall, the strong and improving interest coverage ratio suggests that John B Sanfilippo & Son Inc has a solid financial position and is likely able to manage its debt obligations effectively.
Peer comparison
Jun 30, 2024