Sturm Ruger & Company Inc (RGR)
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 | 59,029 | 68,707 | 81,575 | 87,442 | 108,535 | 131,604 | 157,251 | 190,790 | 203,136 | 200,452 | 186,584 | 150,941 | 119,148 | 86,928 | 59,645 | 43,084 | 39,373 | 46,580 | 52,962 | 64,865 |
| Interest expense (ttm) | US$ in thousands | 205 | 228 | 194 | 190 | 256 | 223 | 249 | 248 | 182 | 189 | 189 | 191 | 191 | 217 | 193 | 191 | 192 | 330 | 332 | 329 |
| Interest coverage | 287.95 | 301.35 | 420.49 | 460.22 | 423.96 | 590.15 | 631.53 | 769.31 | 1,116.13 | 1,060.59 | 987.22 | 790.27 | 623.81 | 400.59 | 309.04 | 225.57 | 205.07 | 141.15 | 159.52 | 197.16 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $59,029K ÷ $205K
= 287.95
The interest coverage ratio for Sturm, Ruger & Co., Inc. for the first three quarters of 2023 is not available based on the provided data. However, in the second quarter of 2022, the company's interest coverage ratio was 1,201.14. A high interest coverage ratio indicates that the company is generating significant earnings relative to its interest expenses, suggesting a strong ability to meet its interest obligations and a lower risk of default. It would be important to monitor the interest coverage ratio for subsequent quarters to assess any potential changes in the company's ability to cover its interest expenses, as the absence of data for the recent quarters limits a comprehensive analysis of its current financial health in this aspect.
Peer comparison
Dec 31, 2023