New York Times Company (NYT)
Interest coverage
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 384,440 | 368,669 | 349,744 | 343,656 | 315,650 | 320,902 | 305,539 | 275,953 | 288,749 | 237,487 | 261,603 | 286,513 | 296,565 | 282,984 | 248,897 | 201,132 | 177,704 | 173,335 | 163,862 | 176,771 |
| Interest expense (ttm) | US$ in thousands | 1,017 | 1,021 | 1,041 | 1,026 | 1,023 | 3,198 | 3,156 | 3,077 | 2,976 | 767 | 714 | 736 | 767 | 723 | 721 | 720 | 727 | 795 | 7,723 | 14,673 |
| Interest coverage | 378.01 | 361.09 | 335.97 | 334.95 | 308.55 | 100.34 | 96.81 | 89.68 | 97.03 | 309.63 | 366.39 | 389.28 | 386.66 | 391.40 | 345.21 | 279.35 | 244.43 | 218.03 | 21.22 | 12.05 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $384,440K ÷ $1,017K
= 378.01
New York Times Company's interest coverage ratio has shown fluctuations over the past few years. The interest coverage ratio measures a company's ability to pay its interest expenses on outstanding debt. A higher interest coverage ratio indicates a stronger ability to meet interest obligations.
From March 31, 2020, to June 30, 2021, New York Times Company's interest coverage ratio showed a significant increase, reaching its peak at 391.40 on September 30, 2021. This trend indicates that the company's earnings were more than sufficient to cover its interest expenses during this period.
However, from December 31, 2021, onwards, the interest coverage ratio started to decrease, reaching its lowest point at 89.68 on March 31, 2023. This decline suggests that the company may have faced challenges in generating enough earnings to cover its interest payments during that time.
Subsequently, the interest coverage ratio improved from March 31, 2023, to December 31, 2024, showing fluctuations but generally remaining at a more stable level. The ratio ended at 378.01 on December 31, 2024, indicating that the company's ability to cover its interest expenses had strengthened compared to the low point in early 2023.
Overall, New York Times Company's interest coverage ratio has shown variability over the analyzed period, reflecting changes in the company's earnings and its ability to manage its debt obligations. Investors and analysts may continue to monitor this ratio to assess the company's financial health and debt repayment capacity.
Peer comparison
Dec 31, 2024