Matson Inc (MATX)
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 | 606,900 | 385,200 | 1,370,300 | 1,193,900 | 286,400 |
| Interest expense | US$ in thousands | 7,500 | 12,200 | 18,000 | 22,600 | 27,400 |
| Interest coverage | 80.92 | 31.57 | 76.13 | 52.83 | 10.45 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $606,900K ÷ $7,500K
= 80.92
Matson Inc's interest coverage ratio has shown a positive trend over the years, starting at 10.45 in December 31, 2020, and increasing significantly to 52.83 by December 31, 2021. This upward trend continued in the following years, with ratios of 76.13 in 2022 and 80.92 in 2024, indicating a strong ability to cover interest expenses with operating profits. However, there was a slight dip in the ratio to 31.57 by December 31, 2023, which may warrant further investigation to understand the reason behind the decrease. Overall, Matson Inc's interest coverage ratios reflect a healthy financial position with a general ability to service its interest obligations.
Peer comparison
Dec 31, 2024