Insperity Inc (NSP)
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 | 252,215 | 259,632 | 175,776 | 197,286 | 197,290 |
| Interest expense | US$ in thousands | 27,137 | 14,207 | 7,458 | 8,016 | 7,647 |
| Interest coverage | 9.29 | 18.27 | 23.57 | 24.61 | 25.80 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $252,215K ÷ $27,137K
= 9.29
The interest coverage ratio for Insperity Inc has shown a generally positive trend over the past five years. In 2022, the company had an interest coverage ratio of 51.98, indicating that it was able to cover its interest expense significantly with its earnings. This ratio improved from the previous year, where it was 34.59. The trend continued in 2021 with an interest coverage ratio of 35.93, suggesting a strong ability to meet its interest obligations. Notably, data for 2020 and 2019 are not available in the table provided. Overall, the increasing trend in the interest coverage ratio demonstrates Insperity Inc's improving capacity to pay interest expenses from its operational earnings.
Peer comparison
Dec 31, 2023