Vistra Energy Corp (VST)
Interest coverage
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 4,326,000 | 3,754,000 | 1,995,000 | 1,901,000 | 2,749,000 | 2,730,000 | 2,949,000 | 577,000 | -707,000 | 284,000 | -614,000 | 1,041,000 | -1,125,000 | -2,131,000 | -1,488,000 | -1,196,000 | 1,399,000 | 1,727,000 | 1,203,000 | 1,418,000 |
| Interest expense (ttm) | US$ in thousands | 859,000 | 821,000 | 740,000 | 656,000 | 667,000 | 651,000 | 656,000 | 649,000 | 562,000 | 529,000 | 501,000 | 470,000 | 454,000 | 430,000 | 411,000 | 419,000 | 440,000 | 470,000 | 507,000 | 542,000 |
| Interest coverage | 5.04 | 4.57 | 2.70 | 2.90 | 4.12 | 4.19 | 4.50 | 0.89 | -1.26 | 0.54 | -1.23 | 2.21 | -2.48 | -4.96 | -3.62 | -2.85 | 3.18 | 3.67 | 2.37 | 2.62 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $4,326,000K ÷ $859,000K
= 5.04
Vistra Energy Corp's interest coverage ratio fluctuated over the past few years. The interest coverage ratio measures the company's ability to meet its interest payment obligations on outstanding debt. A higher interest coverage ratio indicates a stronger ability to cover interest expenses.
From March 31, 2020, to September 30, 2021, the interest coverage ratio declined, indicating potential challenges in meeting interest payments with operating income. The company experienced negative interest coverage ratios in some periods, suggesting that operating income may not have been sufficient to cover interest expenses during those quarters.
However, from March 31, 2022, to December 31, 2024, the interest coverage ratio improved, reaching levels above 2. This upward trend indicates a stronger ability to cover interest expenses with operating income during those periods.
Overall, Vistra Energy Corp's interest coverage ratio has shown variability over the analyzed timeframe, with periods of improvement and decline. Investors and stakeholders may monitor this ratio to assess the company's financial health and its ability to meet debt obligations.
Peer comparison
Dec 31, 2024