Gibraltar Industries Inc (ROCK)
Interest coverage
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 143,023 | 143,295 | 152,487 | 153,095 | 150,729 | 147,009 | 141,215 | 138,277 | 130,102 | 123,516 | 114,098 | 105,368 | 96,988 | 104,924 | 107,889 | 107,228 | 107,190 | 104,701 | 95,094 | 90,965 |
| Interest expense (ttm) | US$ in thousands | 6,171 | 4,390 | 2,876 | 2,689 | 3,430 | 5,074 | 5,705 | 5,053 | 4,047 | 2,648 | 2,091 | 1,680 | 1,639 | 1,498 | 1,225 | 1,194 | 797 | 571 | 370 | 375 |
| Interest coverage | 23.18 | 32.64 | 53.02 | 56.93 | 43.94 | 28.97 | 24.75 | 27.37 | 32.15 | 46.65 | 54.57 | 62.72 | 59.18 | 70.04 | 88.07 | 89.81 | 134.49 | 183.36 | 257.01 | 242.57 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $143,023K ÷ $6,171K
= 23.18
The interest coverage ratio for Gibraltar Industries Inc has shown a declining trend over the past few years. Starting from a robust level of 242.57 in March 2020, the ratio gradually declined to 23.18 by December 2024. This indicates that the company's ability to cover its interest expenses with operating profits has weakened significantly over the period under review. A declining interest coverage ratio may raise concerns about the company's financial health and ability to meet its debt obligations. It is crucial for investors and stakeholders to monitor this trend closely to assess the company's risk of financial distress and its overall debt management strategy.
Peer comparison
Dec 31, 2024