Taylor Morn Home (TMHC)
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 | 1,020,340 | 1,391,490 | 844,306 | 316,177 | 323,183 |
| Interest expense | US$ in thousands | 3,315 | 2,260 | 539 | -1,852 | 1,173 |
| Interest coverage | 307.79 | 615.70 | 1,566.43 | — | 275.52 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $1,020,340K ÷ $3,315K
= 307.79
The interest coverage ratio for Taylor Morrison Home Corp. has been fluctuating over the years. In 2023, the data is not available. In 2022 and 2021, the company had strong interest coverage ratios of 81.19 and 234.88 respectively, indicating that the company's operating income was sufficient to cover its interest expenses during those years. However, the data is not available for 2020 and 2019, so we lack information on how the company performed in those specific years in terms of covering its interest payments. Overall, the trend suggests a generally healthy interest coverage ratio for Taylor Morrison Home Corp. in recent years.
Peer comparison
Dec 31, 2023