MGE Energy Inc (MGEE)
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 | 146,385 | 150,151 | 148,846 | 135,914 | 137,743 | 127,057 | 122,168 | 120,103 | 117,294 | 118,757 | 119,484 | 117,611 | 109,997 | 113,162 | 113,575 | 111,838 | 110,910 | 113,023 | 114,083 | 118,531 |
| Interest expense (ttm) | US$ in thousands | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 195 | 394 | 394 | 394 | 199 | 0 | 0 |
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | 580.32 | 288.26 | 283.85 | 281.50 | 567.95 | — | — |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $146,385K ÷ $0K
= —
The interest coverage ratio for MGE Energy Inc has fluctuated over the past quarters, with figures ranging from 283.85 to 580.32. It is notable that the interest coverage ratio demonstrates a strong ability to cover interest expenses with operating income. However, the lack of data for some quarters makes it challenging to identify a consistent trend in the company's interest coverage performance. Monitoring this ratio over additional periods could provide more insights into MGE Energy Inc's financial health and ability to meet its debt obligations.