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
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