Old Dominion Freight Line Inc (ODFL)

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	1,640,673	1,649,891	1,700,952	1,818,063	1,840,632	1,782,894	1,670,224	1,527,563	1,391,602	1,273,413	1,160,247	993,369	906,882	840,844	788,127	823,450	818,706	849,287	860,145	846,137
Interest expense (ttm)	US$ in thousands	464	1,376	2,283	2,407	2,280	1,667	1,041	1,293	1,727	2,189	2,889	3,189	2,782	2,028	960	355	377	423	449	300
Interest coverage		3,535.93	1,199.05	745.05	755.32	807.29	1,069.52	1,604.44	1,181.41	805.79	581.73	401.61	311.50	325.98	414.62	820.97	2,319.58	2,171.63	2,007.77	1,915.69	2,820.46

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,640,673K ÷ $464K
= 3,535.93

Old Dominion Freight Line, Inc.'s interest coverage ratio has not been provided for Q4 2023, Q3 2023, Q2 2023, and Q1 2023. However, in Q2 2022, the interest coverage ratio was exceptionally high at 12,191.42, indicating that the company generated significant operating income compared to its interest expenses, which is a positive sign for investors and creditors. This high ratio suggests that Old Dominion Freight Line, Inc. had a strong ability to meet its interest obligations using its operating profits during that period.

It is important to note that without the information for the other quarters in 2023, it is challenging to accurately assess the overall trend in the company's ability to cover its interest expenses. Further data would be required to provide a more comprehensive analysis of the company's interest coverage position for the current year.