Shenandoah Telecommunications Co (SHEN)
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 | 9,624 | -7,958 | 999,737 | -2,601 | 84,974 |
| Interest expense | US$ in thousands | 8,478 | 683 | 2,600 | 127,284 | 29,468 |
| Interest coverage | 1.14 | -11.65 | 384.51 | -0.02 | 2.88 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $9,624K ÷ $8,478K
= 1.14
The interest coverage ratio for Shenandoah Telecommunications Co. could not be calculated for the years 2020, 2021, 2022, and 2023 based on the provided data. However, the interest coverage ratio was 3.29 in 2019. The inability to calculate the interest coverage ratio in the subsequent years could be due to missing information on either the operating income or the interest expense. A declining interest coverage ratio over time may indicate a higher risk of financial distress, as it suggests that the company may be having difficulty covering its interest payments with its operating income. It would be important to assess the company's financial health and ability to service its debt obligations based on additional information and analysis.
Peer comparison
Dec 31, 2023