ManpowerGroup Inc (MAN)
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 | 306,000 | 255,800 | 581,700 | 585,400 | 187,600 |
| Interest expense | US$ in thousands | -90,000 | -79,700 | 46,900 | 38,800 | 43,300 |
| Interest coverage | — | — | 12.40 | 15.09 | 4.33 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $306,000K ÷ $-90,000K
= —
The interest coverage ratio for ManpowerGroup Inc has shown a positive trend over the years, indicating the company's ability to meet its interest obligations with its operating income. In 2020, the interest coverage ratio was at 4.33, suggesting that the company generated operating income 4.33 times larger than its interest expenses.
The ratio significantly improved in 2021, reaching 15.09, signaling a substantial increase in the company's ability to cover its interest payments. This improvement continued into 2022, with an interest coverage ratio of 12.40, demonstrating continued strength in the company's ability to service its debt.
However, no data is available for 2023 and 2024, suggesting a possible lack of available data or a significant shift in reporting practices. It is important to monitor future financial reports to assess any potential changes in the company's interest coverage ratio and overall financial health.
Peer comparison
Dec 31, 2024