Sensata Technologies Holding NV (ST)

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	181,676	535,480	672,121	693,051	670,139	667,466	575,904	601,716	633,240	637,709	603,215	436,592	337,737	304,294	323,581	472,888	556,885	598,529	674,716	705,337
Interest expense (ttm)	US$ in thousands	150,860	158,780	166,728	173,465	178,819	180,041	180,322	180,693	179,291	181,810	180,802	176,397	39,535,354	39,488,601	39,445,143	39,405,006	2,695	40,902	78,289	115,939
Interest coverage		1.20	3.37	4.03	4.00	3.75	3.71	3.19	3.33	3.53	3.51	3.34	2.48	0.01	0.01	0.01	0.01	206.64	14.63	8.62	6.08

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $181,676K ÷ $150,860K
= 1.20

The interest coverage ratio for Sensata Technologies Holding Plc has been relatively stable over the past eight quarters, ranging from 3.29 to 3.80. This ratio indicates the company's ability to meet its interest obligations from its operating income.

With values consistently above 1, the company has generated sufficient operating income to cover its interest expenses comfortably. The moderate fluctuations in the ratio suggest a consistent performance in managing interest payments.

Overall, the interest coverage ratio reflects a healthy financial position for Sensata Technologies Holding Plc, indicating a strong ability to meet its interest obligations through its operating profits.