World Kinect Corporation (WKC)
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 | 201,400 | 260,700 | 146,700 | 210,300 | 315,100 |
| Interest expense | US$ in thousands | 135,500 | 117,400 | 47,200 | 48,600 | 80,000 |
| Interest coverage | 1.49 | 2.22 | 3.11 | 4.33 | 3.94 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $201,400K ÷ $135,500K
= 1.49
Unfortunately, without the specific interest expense and earnings data for World Kinect Corp over the years provided in the table, it is not possible to calculate the interest coverage ratio. Interest coverage is typically calculated as earnings before interest and taxes (EBIT) divided by interest expense. This ratio helps assess a company's ability to meet its interest obligations with its operating earnings. Therefore, without the necessary data, a detailed analysis of World Kinect Corp's interest coverage over the years cannot be provided.