Last Price$80.40.5%
Market Cap$1,550.1M
LTM EBIT to Interest coverage
19.7x
5Y avg
11.8x
Marine Shipping industry
median
3.4x
Stock quality & Intrinsic value
6/10
1.1% undervalued
Danaos Corporation EBIT to Interest coverage
Annual
Quarterly
LTM
Industry median
Company stand-alone
Crunching data... Almost there!
| Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBIT to Interest coverage | 6.1x | 5.1x | 5.7x | 3.7x | 3.5x | 1.8x | 3.7x | 1.8x | 3.0x | 2.4x | 3.5x | (2.6x) | 2.2x | (0.1x) | 2.8x | 3.7x | 5.2x | 10.5x | 23.5x | 20.7x |
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Danaos Corporation (DAC) EBIT to Interest coverage comparison analysis
General
LTM EBIT to Interest coverage
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
Danaos CorporationDAC
19.7x
4.2%
(9.8%)
49.8%
Median Peer Set
3.8x
10.4%
(8.6%)
13.5%
Matson, Inc.MATX
73.3x
10.6%
67.9%
13.9%
Global Ship Lease, Inc.GSL
8.6x
10.3%
7.6%
45.7%
Kirby CorporationKEX
8.1x
5.6%
31.3%
8.8%
ZIM Integrated Shipping Services Ltd.ZIM
5.3x
(58.9%)
N/A
(52.2%)
Star Bulk Carriers Corp.SBLK
4.0x
33.3%
223.9%
24.1%
Navios Maritime Partners L.P.NMM
3.6x
8.0%
(25.2%)
33.2%
Costamare Inc.CMRE
3.4x
37.9%
(17.3%)
15.4%
Golden Ocean Group LimitedGOGL
3.1x
(20.4%)
(75.7%)
12.7%
SFL Corporation Ltd.SFL
2.3x
11.0%
(35.9%)
11.3%
Capital Product Partners L.P.CPLP
1.5x
20.6%
(76.0%)
13.1%
DAC key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 241.4 15.9% | 245.6 1.7% | 258.8 5.4% | 298.9 15.5% | 319.5 6.9% | 359.7 12.6% | 468.1 30.1% | 589.0 25.8% | 588.1 (0.2%) | 552.1 (6.1%) | 567.9 2.9% | 498.3 (12.3%) | 451.7 (9.4%) | 458.7 1.5% | 447.2 (2.5%) | 461.6 3.2% | 689.5 49.4% | 993.3 44.1% | 973.6 (2.0%) | 1,014.1 4.2% |
| Cost of Goods Sold (COGS) | 61.4 | 68.0 | 73.2 | 96.7 | 99.7 | 96.2 | 129.9 | 280.8 | 271.3 | 263.8 | 256.8 | 252.4 | 234.8 | 224.6 | 210.6 | 226.7 | 277.1 | 328.4 | 329.9 | 398.2 |
% margin | 180.0 74.6% | 177.6 72.3% | 185.7 71.7% | 202.2 67.6% | 219.8 68.8% | 263.5 73.3% | 338.2 72.3% | 308.2 52.3% | 316.9 53.9% | 288.3 52.2% | 311.1 54.8% | 246.0 49.4% | 216.9 48.0% | 234.2 51.0% | 236.6 52.9% | 234.9 50.9% | 412.4 59.8% | 665.0 66.9% | 643.7 66.1% | 615.9 60.7% |
| Operating Expenses | 36.3 | 29.6 | 57.0 | 53.2 | 83.7 | 105.8 | 133.0 | 26.4 | 24.9 | 25.8 | 25.7 | 27.6 | 29.4 | 35.6 | 35.6 | 35.4 | 54.1 | 48.7 | 60.5 | 75.1 |
| Research & Development Expenses (R&D) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Selling, General & Administrative Expenses (SG&A) | 5.1 | 7.6 | 10.0 | 11.6 | 14.5 | 23.3 | 21.0 | 26.4 | 24.9 | 25.8 | 25.7 | 27.6 | 29.4 | 35.6 | 35.6 | 35.4 | 54.1 | 36.6 | 43.5 | 54.2 |
% margin | 143.7 59.5% | 148.0 60.3% | 128.7 49.7% | 149.0 49.8% | 136.1 42.6% | 86.2 24.0% | 205.2 43.8% | 153.0 26.0% | 272.5 46.3% | 192.4 34.9% | 244.4 43.0% | (212.6) (42.7%) | 187.5 41.5% | (12.1) (2.6%) | 201.1 45.0% | 199.5 43.2% | 358.3 52.0% | 653.4 65.8% | 580.7 59.6% | 540.9 53.3% |
| Interest Income | 6.3 | 3.6 | 4.9 | 6.5 | 2.4 | 1.0 | 1.3 | 1.6 | 2.2 | 1.7 | 3.4 | 4.7 | 5.6 | 5.8 | 6.4 | 6.6 | 12.2 | 4.6 | 12.1 | 12.9 |
| Interest Expense | 23.4 | 29.2 | 22.4 | 39.8 | 38.5 | 47.2 | 55.1 | 87.3 | 91.2 | 80.0 | 70.4 | 83.0 | 86.6 | 85.7 | 72.1 | 53.5 | 69.0 | 62.1 | 24.7 | 26.2 |
| Pre-tax Income | 139.9 | 122.9 | 140.7 | 150.3 | 72.2 | (127.6) | 67.3 | (105.2) | 37.5 | (3.9) | 117.0 | (366.2) | 83.9 | (32.9) | 131.3 | 153.6 | 1,058.7 | 577.5 | 576.3 | 505.1 |
% effective tax rate | 20.8 14.9% | 46.9 38.2% | (86.6) (61.5%) | 33.7 22.4% | 100.0 138.6% | 260.0 (203.8%) | 191.8 285.1% | 88.2 (83.8%) | 91.5 243.8% | 80.4 (2,051.1%) | 68.6 58.6% | 25.1 (6.9%) | 71.8 85.5% | 64.9 (197.0%) | 74.2 56.6% | 60.4 39.3% | 5.9 0.6% | 18.3 3.2% | 0.0 0.0% | 0.0 0.0% |
% margin | 122.9 50.9% | 101.1 41.2% | 215.3 83.2% | 115.2 38.6% | 36.1 11.3% | (102.3) (28.5%) | 13.4 2.9% | (105.2) (17.9%) | 37.5 6.4% | (3.9) (0.7%) | 117.0 20.6% | (366.2) (73.5%) | 83.9 18.6% | (32.9) (7.2%) | 57.0 12.8% | 93.1 20.2% | 1,052.8 152.7% | 559.2 56.3% | 576.3 59.2% | 505.1 49.8% |
| EPS | 38.78 | 30.24 | 55.30 | 29.54 | 9.24 | (18.99) | 1.68 | (13.44) | 4.76 | (0.50) | 14.98 | (46.69) | 10.70 | (3.10) | 3.60 | 3.95 | 51.75 | 27.30 | 28.99 | 26.15 |
| Diluted EPS | 38.78 | 30.24 | 55.30 | 29.54 | 9.24 | (18.99) | 1.68 | (13.44) | 4.76 | (0.50) | 14.98 | (46.69) | 10.70 | (3.10) | 3.52 | 3.91 | 51.15 | 27.28 | 28.95 | 26.05 |
% margin | 177.3 73.5% | 139.9 57.0% | 169.8 65.6% | 200.0 66.9% | 141.5 44.3% | 23.3 6.5% | 449.3 96.0% | 150.3 25.5% | 429.3 73.0% | 381.9 69.2% | 417.2 73.5% | (110.4) (22.2%) | 296.1 65.5% | 171.4 37.4% | 309.7 69.2% | 315.6 68.4% | 444.5 64.5% | 787.6 79.3% | 704.8 72.4% | 675.1 66.6% |
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FAQ
1) What is Danaos Corporation's EBIT to Interest coverage?
As of today, Microsoft Corp's last 12-month EBIT to Interest coverage is 19.7x, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual EBIT to Interest coverage for Danaos Corporation have been 15.2x over the past three years, and 12.4x over the past five years.
2) Is Danaos Corporation's EBIT to Interest coverage Good?
As of today, Danaos Corporation's EBIT to Interest coverage is 19.7x, which is higher than industry median of 3.4x. It indicates that Danaos Corporation's EBIT to Interest coverage is Good.