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.
Peer comparison
Dec 31, 2023