World Kinect Corporation (WKC)
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 | 201,400 | 280,200 | 299,000 | 274,100 | 260,700 | 228,400 | 176,100 | 157,400 | 146,700 | 125,400 | 198,400 | 175,600 | 210,400 | 272,500 | 246,600 | 317,100 | 315,200 | 303,800 | 293,200 | 274,800 |
| Interest expense (ttm) | US$ in thousands | 135,600 | 140,400 | 143,500 | 136,400 | 117,300 | 91,900 | 69,300 | 52,900 | 47,200 | 46,900 | 44,200 | 43,500 | 48,600 | 53,000 | 64,800 | 75,800 | 80,100 | 83,100 | 81,000 | 78,500 |
| Interest coverage | 1.49 | 2.00 | 2.08 | 2.01 | 2.22 | 2.49 | 2.54 | 2.98 | 3.11 | 2.67 | 4.49 | 4.04 | 4.33 | 5.14 | 3.81 | 4.18 | 3.94 | 3.66 | 3.62 | 3.50 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $201,400K ÷ $135,600K
= 1.49
I'm sorry, but without specific data on the interest expense and earnings before interest and taxes (EBIT) for each quarter provided in the table, it is not possible to calculate the interest coverage ratio for World Kinect Corp. To perform a detailed analysis of the interest coverage, the actual values of interest expense and EBIT for the respective periods would be required. If you can provide this information, I would be happy to assist further in evaluating the company's financial health and ability to meet its interest obligations.