New York Times Company (NYT)
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 | 276,272 | 240,249 | 227,697 | 223,583 | 201,967 | 203,075 | 201,036 | 222,660 | 284,483 | 270,902 | 261,522 | 217,043 | 176,256 | 173,687 | 159,177 | 168,304 | 175,582 | 172,284 | 188,641 | 190,710 |
| Interest expense (ttm) | US$ in thousands | 1,023 | 1,022 | 980 | 901 | 800 | 778 | 725 | 747 | 778 | 731 | 734 | 733 | 740 | 5,297 | 10,949 | 17,702 | 25,469 | 28,646 | 30,706 | 31,646 |
| Interest coverage | 270.06 | 235.08 | 232.34 | 248.15 | 252.46 | 261.02 | 277.29 | 298.07 | 365.66 | 370.59 | 356.30 | 296.10 | 238.18 | 32.79 | 14.54 | 9.51 | 6.89 | 6.01 | 6.14 | 6.03 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $276,272K ÷ $1,023K
= 270.06
The interest coverage ratio for New York Times Co. provides insight into the company's ability to meet its interest obligations with its operating income. A high interest coverage ratio indicates that the company is comfortably able to cover its interest payments, while a low ratio may suggest financial distress.
Based on the data provided, we can see that the interest coverage ratio for New York Times Co. has been consistently high in recent quarters, with values ranging from 286.89 to 353.93. This demonstrates the company's strong ability to generate sufficient operating income to cover its interest expenses.
However, it is noted that there is missing data for Q3 2023, as the interest coverage ratio is not provided for that quarter. Without this data point, it is difficult to assess the trend of interest coverage over time accurately. It would be beneficial to obtain the missing information to gain a more comprehensive understanding of the company's financial performance.
Overall, the available data suggests that New York Times Co. has a robust ability to meet its interest obligations, as indicated by the consistently high interest coverage ratios in the quarters provided.
Peer comparison
Dec 31, 2023