Triumph Group Inc (TGI)
Interest coverage
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 108,825 | 120,164 | 135,494 | 233,382 | 238,092 | 220,738 | 213,894 | 98,179 | 104,277 | 19,268 | -43,898 | -52,927 | -326,151 | -320,241 | -283,611 | -229,996 | 57,907 | -90,988 | -109,582 | -172,620 |
| Interest expense (ttm) | US$ in thousands | 5,925 | 6,017 | 6,256 | 6,360 | 6,416 | 6,402 | 6,585 | 6,607 | 9,047 | 9,349 | 9,640 | 25,570 | 23,759 | 22,376 | 22,731 | 11,220 | 11,157 | 12,652 | 12,065 | 9,011 |
| Interest coverage | 18.37 | 19.97 | 21.66 | 36.70 | 37.11 | 34.48 | 32.48 | 14.86 | 11.53 | 2.06 | -4.55 | -2.07 | -13.73 | -14.31 | -12.48 | -20.50 | 5.19 | -7.19 | -9.08 | -19.16 |
March 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $108,825K ÷ $5,925K
= 18.37
Triumph Group Inc's interest coverage ratio has exhibited significant fluctuations over the past few quarters. From March 31, 2019, to March 31, 2020, the interest coverage ratio was volatile, ranging from negative values to positive values, which may signal potential liquidity and solvency issues. However, from June 30, 2020, to September 30, 2023, the interest coverage ratio showed a more stable and improving trend, indicating the company's ability to meet its interest obligations with its earnings. Notably, the highest interest coverage ratio was recorded on March 31, 2023, at 37.11, suggesting a robust capacity to cover interest expenses. Overall, monitoring Triumph Group Inc's interest coverage ratio can provide insights into its financial health and ability to service its debt obligations.
Peer comparison
Mar 31, 2024