ONEOK Inc (OKE)
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 | 4,989,000 | 4,520,000 | 4,131,000 | 3,639,000 | 4,072,000 | 3,729,419 | 3,690,419 | 3,642,419 | 2,807,419 | 2,703,167 | 2,671,026 | 2,593,538 | 2,596,259 | 2,482,755 | 2,365,329 | 2,109,547 | 1,361,357 | 1,370,408 | 1,356,072 | 1,528,733 |
| Interest expense (ttm) | US$ in thousands | 350,000 | 640,000 | 836,000 | 1,000,000 | 866,000 | 726,946 | 678,946 | 669,946 | 675,946 | 688,395 | 705,444 | 719,401 | 732,924 | 731,460 | 723,782 | 757,793 | 712,886 | 665,238 | 618,444 | 516,969 |
| Interest coverage | 14.25 | 7.06 | 4.94 | 3.64 | 4.70 | 5.13 | 5.44 | 5.44 | 4.15 | 3.93 | 3.79 | 3.61 | 3.54 | 3.39 | 3.27 | 2.78 | 1.91 | 2.06 | 2.19 | 2.96 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $4,989,000K ÷ $350,000K
= 14.25
The interest coverage ratio of ONEOK Inc has shown fluctuating trends over the reported periods. It started at 2.96 in March 2020 and experienced a slight decline to 1.91 by December 2020. Subsequently, the ratio gradually improved, reaching its peak at 14.25 by December 2024. This indicates that the company's ability to cover interest expenses with its earnings significantly strengthened over this period. Overall, the increasing trend in interest coverage suggests that ONEOK Inc has been effectively managing its interest obligations and generating sufficient earnings to cover these expenses, which is a positive indicator of the company's financial health.
Peer comparison
Dec 31, 2024