Strategic Education Inc (STRA)

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	95,321	70,760	73,912	109,384	110,532
Interest expense	US$ in thousands	557	552	552	466	333
Interest coverage		171.13	128.19	133.90	234.73	331.93

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $95,321K ÷ $557K
= 171.13

It appears that the interest coverage ratio for Strategic Education Inc is not provided in the table for the years ending December 31, 2019 to December 31, 2023. The interest coverage ratio is a measure of a company's ability to pay its interest expense on outstanding debt. A higher interest coverage ratio indicates a better ability to meet interest obligations from operating profits.

Without the actual values of the interest coverage ratio for the specified years, it is challenging to assess the company's ability to cover its interest expenses. A consistent or improving trend in the interest coverage ratio over the years would suggest that the company is efficiently managing its interest obligations. Conversely, a declining trend may indicate potential financial strain or increased risk of default.

In order to perform a more thorough analysis of Strategic Education Inc's financial health and leverage, it would be necessary to have the actual interest coverage ratio figures for the respective years.