GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GBK Beteiligungen AG (HAM:GBQ) » Definitions » Interest Coverage

GBK Beteiligungen AG (HAM:GBQ) Interest Coverage : No Debt (1) (As of Dec. 2023)


View and export this data going back to 2002. Start your Free Trial

What is GBK Beteiligungen AG Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. GBK Beteiligungen AG's Operating Income for the six months ended in Dec. 2023 was €1.09 Mil. GBK Beteiligungen AG's Interest Expense for the six months ended in Dec. 2023 was €0.00 Mil. GBK Beteiligungen AG has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

GBK Beteiligungen AG has no debt.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for GBK Beteiligungen AG's Interest Coverage or its related term are showing as below:

HAM:GBQ' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


HAM:GBQ's Interest Coverage is ranked better than
98.65% of 446 companies
in the Asset Management industry
Industry Median: 42.64 vs HAM:GBQ: No Debt

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


GBK Beteiligungen AG Interest Coverage Historical Data

The historical data trend for GBK Beteiligungen AG's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

GBK Beteiligungen AG Interest Coverage Chart

GBK Beteiligungen AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

GBK Beteiligungen AG Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of GBK Beteiligungen AG's Interest Coverage

For the Asset Management subindustry, GBK Beteiligungen AG's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GBK Beteiligungen AG's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GBK Beteiligungen AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where GBK Beteiligungen AG's Interest Coverage falls into.



GBK Beteiligungen AG Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

GBK Beteiligungen AG's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, GBK Beteiligungen AG's Interest Expense was €0.00 Mil. Its Operating Income was €1.09 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

GBK Beteiligungen AG had no debt (1).

GBK Beteiligungen AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, GBK Beteiligungen AG's Interest Expense was €0.00 Mil. Its Operating Income was €1.09 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

GBK Beteiligungen AG had no debt (1).

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


GBK Beteiligungen AG  (HAM:GBQ) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


GBK Beteiligungen AG Interest Coverage Related Terms

Thank you for viewing the detailed overview of GBK Beteiligungen AG's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


GBK Beteiligungen AG (HAM:GBQ) Business Description

Traded in Other Exchanges
Address
Guenther-Wagner-Allee 13, Hannover, DEU
GBK Beteiligungen AG is a investment company. The company provides capital for German companies.

GBK Beteiligungen AG (HAM:GBQ) Headlines

No Headlines