Sturm Ruger & Company Inc (RGR)
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 | 59,029 | 108,535 | 206,758 | 121,172 | 43,219 |
| Interest expense | US$ in thousands | 205 | 256 | 164 | 191 | 192 |
| Interest coverage | 287.95 | 423.96 | 1,260.72 | 634.41 | 225.10 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $59,029K ÷ $205K
= 287.95
The interest coverage ratio for Sturm, Ruger & Co., Inc. was not available for the years ending December 31, 2023, and December 31, 2022. However, in 2021 the interest coverage ratio was reported at a remarkably high level of 1,765.30. This indicates that the company generated significantly more operating income relative to its interest expenses in that year, which suggests a strong ability to meet its interest obligations. The absence of data for the other years does not provide a complete picture of the company's ability to cover its interest payments, but based on the available information, the high interest coverage in 2021 indicates a healthy financial position in terms of meeting interest obligations.
Peer comparison
Dec 31, 2023