National Presto Industries Inc (NPK)
Interest coverage
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 53,065 | 35,990 | 25,933 | 33,001 | 31,890 | 35,033 | 27,716 | 31,146 | 33,755 | 27,422 | 24,565 | 18,702 | 22,173 | 30,029 | 44,060 | 53,877 | 57,876 | 56,196 | 53,501 | 47,686 |
| Interest expense (ttm) | US$ in thousands | 0 | 0 | 1,853 | 1,853 | 1,853 | 3,706 | 7,260 | 8,345 | 9,120 | 7,936 | 2,529 | 1,444 | 669 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | 14.00 | 17.81 | 17.21 | 9.45 | 3.82 | 3.73 | 3.70 | 3.46 | 9.71 | 12.95 | 33.14 | — | — | — | — | — | — | — |
March 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $53,065K ÷ $0K
= —
National Presto Industries Inc's interest coverage ratio shows the company's ability to cover its interest payments with its earnings before interest and taxes (EBIT). The interest coverage ratio improved from 33.14 in March 2022 to 17.81 in June 2024. This indicates that the company's earnings are sufficient to cover its interest payments by 17.81 times in June 2024.
However, it is worth noting that the interest coverage ratio decreased to 3.73 in June 2023 before gradually climbing back up. A lower interest coverage ratio implies that the company may have difficulty meeting its interest obligations using its current earnings.
Overall, the trend in the interest coverage ratio for National Presto Industries Inc has shown fluctuations, with some periods of strong coverage and others where the coverage was weaker. Investors and analysts should continue to monitor this ratio to ensure the company's ability to meet its interest payments remains stable.
Peer comparison
Mar 31, 2025