National HealthCare Corporation (NHC)
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 | 90,572 | 30,262 | 150,386 | 53,703 | 91,385 |
| Interest expense | US$ in thousands | 324 | 563 | 845 | 1,399 | 3,135 |
| Interest coverage | 279.54 | 53.75 | 177.97 | 38.39 | 29.15 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $90,572K ÷ $324K
= 279.54
I'm sorry, but without the specific values for interest expenses and earnings before interest and taxes (EBIT), I cannot calculate the interest coverage ratio for National Healthcare Corp. However, the interest coverage ratio is a measure of a company's ability to meet its interest obligations from its operating profits. A higher interest coverage ratio indicates a greater ability to cover interest expenses. It is calculated as EBIT divided by interest expenses. For a more in-depth analysis, the actual financial data for these years would be necessary.
Peer comparison
Dec 31, 2023
Company name
Symbol
Interest coverage
National HealthCare Corporation
NHC
279.54
The Ensign Group Inc
ENSG
34.67