Metallus Inc (MTUS)
Interest coverage
Mar 31, 2024 | 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 | ||
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Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 110,800 | 99,100 | 91,200 | 44,300 | 80,700 | 101,100 | 166,700 | 230,200 | 210,400 | 183,000 | 112,000 | 49,600 | -19,600 | -48,100 | -128,000 | -136,300 | -134,800 | -110,400 | -46,300 | -16,900 |
Interest expense (ttm) | US$ in thousands | 2,600 | 2,700 | 2,800 | 3,100 | 3,400 | 4,000 | 4,600 | 4,900 | 5,700 | 6,300 | 8,200 | 10,000 | 11,300 | 12,600 | 12,900 | 13,500 | 14,700 | 15,700 | 16,200 | 17,000 |
Interest coverage | 42.62 | 36.70 | 32.57 | 14.29 | 23.74 | 25.28 | 36.24 | 46.98 | 36.91 | 29.05 | 13.66 | 4.96 | -1.73 | -3.82 | -9.92 | -10.10 | -9.17 | -7.03 | -2.86 | -0.99 |
March 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $110,800K ÷ $2,600K
= 42.62
The interest coverage ratio for Metallus Inc has shown significant fluctuation over the past few quarters. In March 2024, the interest coverage ratio was 42.62, indicating the company's ability to cover its interest expenses 42.62 times with its earnings before interest and taxes (EBIT). This suggests a strong ability to meet its interest obligations.
However, looking back at the trend, the interest coverage ratio has been volatile, with fluctuations between 4.96 and -10.10 over the previous quarters. This variability may indicate inconsistencies in the company's financial performance and ability to generate sufficient earnings to cover its interest payments.
It is important for investors and stakeholders to closely monitor the interest coverage ratio of Metallus Inc to assess the company's financial health and ability to service its debt obligations. Additionally, management should focus on stabilizing and improving the interest coverage ratio to ensure long-term financial stability and sustainability.
Peer comparison
Mar 31, 2024