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American Axle and Manufacturing Holdings Inc  (AXL)
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Cumulative American Axle And Manufacturing Holdings Inc's Interest Coverage ratios

AXL's Interest expense and Ebitda growth



AXL Interest Coverage (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Interest expense Change -2.97 % 18.68 % 13.39 % 17.56 % 12.98 %
Y / Y Ebitda Change 19.32 % -14.57 % -20.27 % -2.18 % 0.71 %
Interest Coverage (TTM) 3.48 3.29 3.57 3.89 4.07
Total Ranking # 949 # 407 # 718 # 1117 # 1120
Seq. Interest expense Change -2.39 % -1.18 % 1.2 % -0.59 % 19.39 %
Seq. Ebitda Change 28.36 % 4.28 % -17.5 % 8.04 % -8.09 %




Interest Coverage in the first quarter 2024 Comment
American Axle And Manufacturing Holdings Inc's interest coverage sequentially grew from the fourth quarter 2023 to 3.48in the Q1 2024, above company average. Due to increase of ebitda in the first quarter 2024 by 28.36%.

Within Consumer Discretionary sector 55 other companies have achieved higher interest coverage ratio during the Q1 2024. While interest coverage ratio total ranking has deteriorated in the first quarter 2024 compare to the fourth quarter 2023 from 407 to 949.

What is Interest Coverage Ratio?
Source of American Axle And Manufacturing Holdings Inc sales

Interest Coverage Company Ranking
Within: No.
Industry # 20
Sector # 56
S&P 500 # 949


Interest Coverage Statistics
High Average Low
6.42
3.34
-3.01
(Mar 31 2017)   (Jun 30 2020)





Financial Statements
American Axle And Manufacturing Holdings Inc's Interest expense $ 49 Millions Visit AXL's Income Statement
American Axle And Manufacturing Holdings Inc's Ebitda $ 203 Millions Visit AXL's Income Statement
Where are AXL's Sales coming from? Visit AXL's Sales by Geography




Companies with similar Average Interest Coverage ratios for 12 months ending Mar 31 2024, within Consumer Discretionary Sector Interest Coverage Ratio EBITDA 12 months ending Mar 31 2024Interest net 12 months ending Mar 31 2024
Arrow Electronics Inc   2.33 $ 765.110  Millions$ 328.670  Millions

Date modified: 2024-05-04T06:38:00+00:00



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