PulteGroup Inc (PHM)
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 | 3,449,740 | 3,439,840 | 2,510,350 | 1,732,940 | 1,340,160 |
| Interest expense | US$ in thousands | 469 | 284 | 502 | 4,248 | 584 |
| Interest coverage | 7,355.52 | 12,112.11 | 5,000.70 | 407.94 | 2,294.79 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $3,449,740K ÷ $469K
= 7,355.52
It appears that the interest coverage ratio for PulteGroup Inc is not provided in the table for the years ending in December 2023, 2022, 2021, 2020, and 2019. The interest coverage ratio is typically calculated by dividing the company's earnings before interest and taxes (EBIT) by the interest expense. This ratio indicates the company's ability to cover its interest obligations with its operating income. Without the specific values for these years, it is difficult to assess the trend and financial health of PulteGroup Inc in terms of its ability to meet interest payments. An increasing interest coverage ratio is generally preferable as it signifies a stronger ability to service debt obligations.
Peer comparison
Dec 31, 2023