Verisk Analytics Inc (VRSK)

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	988,900	852,400	849,900	828,300	1,313,000	1,351,800	1,361,000	1,359,500	972,600	1,039,000	1,028,500	1,018,200	1,015,700	989,700	784,600	743,400	695,200	702,200	857,200	856,300
Interest expense (ttm)	US$ in thousands	115,500	128,600	133,600	133,900	138,800	127,800	123,300	122,900	127,000	132,200	137,600	140,300	138,400	136,100	132,100	128,400	126,800	126,300	127,400	128,800
Interest coverage		8.56	6.63	6.36	6.19	9.46	10.58	11.04	11.06	7.66	7.86	7.47	7.26	7.34	7.27	5.94	5.79	5.48	5.56	6.73	6.65

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $988,900K ÷ $115,500K
= 8.56

Verisk Analytics Inc's interest coverage has remained relatively stable over the past eight quarters, ranging from 7.58 to 9.80. This indicates the company's ability to comfortably meet its interest obligations using its operating income. A consistently high interest coverage ratio like Verisk Analytics Inc's suggests that the company has sufficient earnings to cover its interest expenses, which is a positive sign for investors and creditors. The steady and healthy interest coverage trend indicates the company's financial stability and ability to service its debt effectively.