RPC Inc (RES)
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 | 256,584 | 290,246 | 18,377 | -309,058 | -112,767 |
| Interest expense | US$ in thousands | 341 | 614 | 1,929 | 373 | 334 |
| Interest coverage | 752.45 | 472.71 | 9.53 | -828.57 | -337.63 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $256,584K ÷ $341K
= 752.45
Based on the data provided for RPC, Inc., the interest coverage ratio is not available for the years ending December 31, 2023, 2022, 2020, and 2019. However, for the year ending December 31, 2021, the interest coverage ratio was calculated to be 2.89 times. This indicates that in 2021, RPC, Inc. generated sufficient operating income to cover its interest expenses nearly three times over, implying a relatively healthy financial position in terms of its ability to meet interest obligations.
It is important to note that the absence of data for the other years restrains a comprehensive analysis of the trend in the company's interest coverage over time, thereby limiting the ability to assess the consistency and sustainability of its ability to cover interest expenses. Additional information for the missing years would be beneficial in evaluating the company's financial performance more accurately.
Peer comparison
Dec 31, 2023