Meta Platforms Inc. (META)
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 | 47,874,000 | 28,944,000 | 46,753,000 | 32,671,000 | 24,832,000 |
| Interest expense | US$ in thousands | 446,000 | 185,000 | 15,000 | 14,000 | 20,000 |
| Interest coverage | 107.34 | 156.45 | 3,116.87 | 2,333.64 | 1,241.60 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $47,874,000K ÷ $446,000K
= 107.34
Since the table does not provide any specific data on Meta Platforms Inc's interest coverage for the years 2019 to 2023, it is not possible to calculate or analyze the interest coverage ratio. This ratio is typically used to assess a company's ability to cover its interest expenses with its operating income. Without this information, it is difficult to evaluate Meta Platforms Inc's financial health in terms of its ability to meet its interest obligations. Additional data or financial statements would be necessary to conduct a more detailed analysis of the company's interest coverage over the years.
Peer comparison
Dec 31, 2023