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