TRI Pointe Homes Inc (TPH)
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 | 461,866 | 766,863 | 625,662 | 373,377 | 271,087 |
| Interest expense | US$ in thousands | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | — |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $461,866K ÷ $0K
= —
As the interest coverage ratio data for Tri Pointe Homes Inc. is unavailable in the provided table for the years ending December 31, 2019 to December 31, 2023, a detailed analysis based on this specific financial metric cannot be conducted. The interest coverage ratio is a measure of a company's ability to pay its interest expenses on outstanding debt. It is calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expenses.
In absence of this data, it is essential to note that the interest coverage ratio is a critical indicator of a company's financial health and its ability to service its debt obligations. A high interest coverage ratio indicates that the company is generating sufficient earnings to cover its interest expenses comfortably, implying a lower risk of default. On the other hand, a low interest coverage ratio may indicate financial distress, as the company may struggle to meet its interest payments.
To assess Tri Pointe Homes Inc.'s financial strength and ability to handle its debt obligations, it is advisable to review additional financial ratios, such as liquidity ratios, profitability ratios, and leverage ratios, along with qualitative factors such as market conditions, growth prospects, and strategic initiatives. An in-depth analysis considering a comprehensive set of financial metrics would provide a more holistic view of the company's financial performance and position.
Peer comparison
Dec 31, 2023