Unifirst Corporation (UNF)
Interest coverage
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 133,603 | 134,351 | 195,825 | 172,729 | 232,008 |
| Interest expense | US$ in thousands | — | 2,851 | 1,046 | 5,159 | 9,082 |
| Interest coverage | — | 47.12 | 187.21 | 33.48 | 25.55 |
August 26, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $133,603K ÷ $—K
= —
As the table provided does not contain specific interest coverage data for Unifirst Corp for the given years, I am unable to provide a detailed and comprehensive analysis of the interest coverage based on the information provided. However, in order to perform a thorough analysis of Unifirst Corp.'s interest coverage, I would need the interest expense and earnings before interest and taxes (EBIT) for the relevant years.
Interest coverage is a financial ratio that measures a company's ability to meet its interest payments on outstanding debt. It is calculated by dividing earnings before interest and taxes (EBIT) by the interest expense. A higher ratio indicates that the company is more capable of meeting its interest obligations.
Without the specific interest coverage data for Unifirst Corp, it is not possible to assess the company's ability to cover its interest payments over the given years. However, I would recommend obtaining the interest expense and EBIT from the company's financial statements in order to calculate the interest coverage ratio for each year and analyze its trend and performance over time.
If you have access to the interest expense and EBIT data for the relevant years, please provide that information so that I can help you calculate and analyze Unifirst Corp.'s interest coverage ratio.
Peer comparison
Aug 26, 2023