LGI Homes (LGIH)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 261,754 | 418,116 | 542,775 | 367,849 | 231,832 |
| Interest expense | US$ in thousands | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | — |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $261,754K ÷ $0K
= —
It appears that the interest coverage ratio data for LGI Homes Inc for the years ending December 31, 2019 to December 31, 2023 is not available or provided in the table. The interest coverage ratio is a key financial metric that indicates a company's ability to cover its interest expenses with its operating income.
To assess the company's ability to cover interest expenses, the interest coverage ratio is calculated as EBIT (earnings before interest and taxes) divided by interest expenses. A higher ratio indicates a stronger ability to meet interest payments using operating income.
Without the specific data for LGI Homes Inc's interest coverage ratio for the years in question, a detailed analysis of its trend and performance in this regard cannot be conducted. It is recommended to gather this missing data to evaluate the company's financial health and debt-servicing capabilities accurately.
Peer comparison
Dec 31, 2023