Portland General Electric Co (POR)
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 | 396,000 | 370,000 | 377,000 | 408,000 | 397,000 | 411,000 | 402,000 | 351,000 | 378,000 | 358,000 | 259,000 | 269,000 | 269,000 | 285,000 | 389,000 | 375,000 | 353,000 | 331,000 | 334,000 | 360,000 |
| Interest expense (ttm) | US$ in thousands | 173,000 | 168,000 | 165,000 | 162,000 | 156,000 | 152,000 | 146,000 | 141,000 | 137,000 | 134,000 | 136,000 | 137,000 | 136,000 | 135,000 | 132,000 | 129,000 | 128,000 | 126,000 | 125,000 | 125,000 |
| Interest coverage | 2.29 | 2.20 | 2.28 | 2.52 | 2.54 | 2.70 | 2.75 | 2.49 | 2.76 | 2.67 | 1.90 | 1.96 | 1.98 | 2.11 | 2.95 | 2.91 | 2.76 | 2.63 | 2.67 | 2.88 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $396,000K ÷ $173,000K
= 2.29
The interest coverage ratio of Portland General Electric Co has shown a declining trend over the past few quarters, dropping from 2.75 in Q2 2022 to 2.29 in Q4 2023. While the ratio remains above 1, indicating that the company's earnings are sufficient to cover its interest expenses, the decreasing trend may raise concerns about the company's ability to comfortably meet its interest obligations in the future. It is important for stakeholders to closely monitor this ratio to ensure that Portland General Electric Co maintains a healthy financial position and remains capable of servicing its debt.
Peer comparison
Dec 31, 2023