John Bean Technologies Corporation (JBT)
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 | 177,200 | 198,000 | 196,800 | 185,400 | 176,000 | 131,900 | 137,600 | 152,900 | 160,100 | 169,100 | 156,900 | 157,200 | 163,100 | 182,200 | 202,500 | 201,900 | 188,200 | 184,700 | 172,700 | 167,900 |
| Interest expense (ttm) | US$ in thousands | 11,600 | 21,200 | 23,900 | 19,300 | 14,200 | 10,600 | 9,100 | 8,700 | 8,700 | 9,000 | 9,800 | 11,200 | 13,900 | 16,600 | 19,600 | 20,300 | 18,800 | 16,800 | 14,300 | 13,500 |
| Interest coverage | 15.28 | 9.34 | 8.23 | 9.61 | 12.39 | 12.44 | 15.12 | 17.57 | 18.40 | 18.79 | 16.01 | 14.04 | 11.73 | 10.98 | 10.33 | 9.95 | 10.01 | 10.99 | 12.08 | 12.44 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $177,200K ÷ $11,600K
= 15.28
The interest coverage ratio for John Bean Technologies Corp has shown some fluctuations over the past eight quarters. Generally, a higher interest coverage ratio indicates a company's ability to comfortably meet its interest obligations. In Q4 2023, the interest coverage ratio was 16.13, reflecting a strong ability to cover its interest expenses. This was a significant increase compared to the previous quarter, where the ratio was 8.62.
While the ratio in Q3 2023 dropped to 7.86, it rebounded in Q1 2023 to 9.58, suggesting improved financial health in terms of meeting interest payments. The ratios in Q2 2023 (7.86) and Q3 2022 (14.95) were relatively lower compared to the other quarters, indicating potential challenges in covering interest costs during those periods.
Overall, the trend in the interest coverage ratio for John Bean Technologies Corp has shown some variability, but the company has generally demonstrated a solid ability to meet its interest obligations, especially in Q4 2023 with a strong ratio of 16.13.
Peer comparison
Dec 31, 2023