National Presto Industries Inc (NPK)

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 35,033 22,421 25,851 28,460 22,127 24,565 18,702 22,173 30,029 44,060 53,877 57,876 56,196 53,501 56,287 49,595 46,380 47,204 36,808 40,569
Interest expense (ttm) US$ in thousands -1,853 3,554 4,639 5,414 7,936 2,529 1,444 669 0 0 0 0 0 0 0 0 0 0 0 997
Interest coverage 6.31 5.57 5.26 2.79 9.71 12.95 33.14 40.69

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $35,033K ÷ $-1,853K
= —

The interest coverage ratio of National Presto Industries Inc fluctuated over the periods shown in the table. As of Dec 31, 2023, the interest coverage ratio was not reported. In the previous period, as of Sep 30, 2023, the interest coverage ratio was 6.31, indicating that the company generated enough operating income to cover its interest payments 6.31 times.

On a quarterly basis, the company's interest coverage ratios have shown variability, with higher ratios indicating stronger ability to meet interest obligations from operating profits. The trend shows an improvement from the lower ratios reported in Dec 2022 (2.79) and Sep 2022 (9.71), to higher ratios in Jun 2022 (12.95) and Mar 2022 (33.14).

It is worth noting that certain periods have missing data for the interest coverage ratio, which can make it challenging to analyze the trend consistently. Nevertheless, the overall trend suggests that National Presto Industries Inc has shown varying levels of ability to cover its interest expenses with its operating income over the periods presented.


Peer comparison

Dec 31, 2023

Company name
Symbol
Interest coverage
National Presto Industries Inc
NPK
Axon Enterprise Inc.
AXON
Sturm Ruger & Company Inc
RGR
287.95
Vista Outdoor Inc
VSTO
5.00