(EBIT − Capex) / Int

$$\frac{\text{EBIT}-\text{Capex}}{\text{Interest expense}}$$

Tougher coverage ratio — subtracts capex before measuring interest cushion. Captures sustainable interest service.

Direction: Higher better Category: solvency

Inputs (XBRL fallback chains):

• capex: PaymentsToAcquirePropertyPlantAndEquipment -> PaymentsToAcquireProductiveAssets
• interest_expense: InterestExpense -> InterestExpenseDebt -> InterestExpenseOperating -> InterestExpenseBorrowings
• operating_income: OperatingIncomeLoss

Returns None when: Returns None when EBIT, Capex, or Interest expense is missing.

Source code

Implementation: ebit_minus_capex_to_interest in src/eqtytrk/metrics/ratios.py (or valuation.py for multiples).