Nu Skin Enterprises Inc (NUS)
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 | 52,178 | 102,470 | 243,459 | 269,332 | 274,372 |
| Interest expense | US$ in thousands | 25,600 | 13,500 | 11,000 | 13,100 | 19,200 |
| Interest coverage | 2.04 | 7.59 | 22.13 | 20.56 | 14.29 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $52,178K ÷ $25,600K
= 2.04
The interest coverage ratio for Nu Skin Enterprises, Inc. could not be calculated for the years 2019, 2021, 2022, and 2023 based on the provided data. However, it was 19,812.62 for the year ended December 31, 2020. The significant increase in the interest coverage ratio in 2020 indicates that the company generated ample operating income to cover its interest expenses multiple times, suggesting a strong ability to meet its interest obligations and potentially implying a lower financial risk associated with debt servicing in that particular year. Further data for additional years would be needed to assess the trend in the company's interest coverage ratio over time and evaluate its financial health comprehensively.
Peer comparison
Dec 31, 2023