Royal Gold Inc (RGLD)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 303,202 | 283,709 | 337,602 | 198,945 | 140,707 |
| Interest expense | US$ in thousands | 30,867 | 17,170 | 1,148 | 1,136 | 15,288 |
| Interest coverage | 9.82 | 16.52 | 294.08 | 175.13 | 9.20 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $303,202K ÷ $30,867K
= 9.82
I'm sorry, but the data you provided for Royal Gold, Inc. does not include the interest coverage ratio for any of the mentioned years. The interest coverage ratio is a measure of a company's ability to meet its interest obligations on debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense. Without this specific data, a detailed analysis of Royal Gold, Inc.'s interest coverage over the mentioned years is not possible. It would be helpful to have additional information or context to assess the company's financial health in terms of its ability to cover interest expenses.