SunCoke Energy Inc (SXC)

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	119,100	116,400	134,700	132,300	149,500	154,200	148,000	115,200	104,200	83,100	54,000	76,900	70,300	80,600	-141,400	-144,400	-146,700	-143,500	91,800	93,300
Interest expense (ttm)	US$ in thousands	27,300	28,700	30,100	31,200	32,000	32,000	31,900	37,800	42,500	47,900	53,700	54,400	56,300	57,900	59,900	60,100	60,300	60,100	59,800	60,400
Interest coverage		4.36	4.06	4.48	4.24	4.67	4.82	4.64	3.05	2.45	1.73	1.01	1.41	1.25	1.39	-2.36	-2.40	-2.43	-2.39	1.54	1.54

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $119,100K ÷ $27,300K
= 4.36

SunCoke Energy Inc's interest coverage ratio has exhibited consistency over the past eight quarters, ranging from a low of 4.02 in Q1 2022 to a high of 4.96 in Q3 2022. The interest coverage ratio measures the company's ability to meet its interest obligations, with higher ratios indicating stronger financial health and the ability to easily cover interest expenses. SunCoke Energy Inc has maintained healthy interest coverage ratios above 4 in every quarter, indicating that the company generates sufficient earnings to cover its interest payments comfortably. This demonstrates the company's financial stability and ability to manage its debt obligations effectively. Overall, the consistent and relatively high interest coverage ratios suggest that SunCoke Energy Inc is in a favorable financial position concerning its ability to service its debt.