Cactus Inc (WHD)
Interest coverage
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 277,228 | 264,366 | 234,034 | 197,727 | 193,446 | 174,748 | 152,239 | 121,709 | 94,782 | 75,427 | 58,138 | 49,928 | 41,489 | 70,039 | 97,701 | 132,268 | 174,843 | 183,150 | 169,170 | 149,204 |
| Interest expense (ttm) | US$ in thousands | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 698 | 928 | 1,153 | 1,356 | 883 | 923 |
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 139.97 | 142.53 | 151.64 | 135.07 | 191.59 | 161.65 |
March 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $277,228K ÷ $0K
= —
The interest coverage ratio for Cactus Inc ranged between 135.07 and 191.59 over the past 10 quarters. This indicates that the company's ability to cover its interest expenses improved significantly in the most recent quarters compared to previous periods. A higher interest coverage ratio signifies that Cactus Inc is more capable of meeting its interest obligations with its earnings. This positive trend suggests that the company's earnings are robust enough to comfortably cover its interest expenses, which may indicate a healthier financial position and reduced financial risk. However, it is important to continue monitoring this ratio to ensure sustainability and assess any potential changes in the company's financial health.
Peer comparison
Mar 31, 2024