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Vyborg Shipyard PJSC (MIC:VSYD) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is Vyborg Shipyard PJSC 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. Vyborg Shipyard PJSC's Operating Income for the six months ended in Jun. 2023 was ₽-1,154 Mil. Vyborg Shipyard PJSC's Interest Expense for the six months ended in Jun. 2023 was ₽-472 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Vyborg Shipyard PJSC's Interest Coverage or its related term are showing as below:


MIC:VSYD's Interest Coverage is not ranked *
in the Aerospace & Defense industry.
Industry Median: 7.18
* Ranked among companies with meaningful Interest Coverage only.

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


Vyborg Shipyard PJSC Interest Coverage Historical Data

The historical data trend for Vyborg Shipyard PJSC'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.

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Vyborg Shipyard PJSC Interest Coverage Chart

Vyborg Shipyard PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
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Vyborg Shipyard PJSC Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Vyborg Shipyard PJSC's Interest Coverage

For the Aerospace & Defense subindustry, Vyborg Shipyard PJSC'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.


Vyborg Shipyard PJSC's Interest Coverage Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Vyborg Shipyard PJSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vyborg Shipyard PJSC's Interest Coverage falls into.



Vyborg Shipyard PJSC 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.

Vyborg Shipyard PJSC's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Vyborg Shipyard PJSC's Interest Expense was ₽-557 Mil. Its Operating Income was ₽-1,444 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽7,937 Mil.

Vyborg Shipyard PJSC did not have earnings to cover the interest expense.

Vyborg Shipyard PJSC's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Vyborg Shipyard PJSC's Interest Expense was ₽-472 Mil. Its Operating Income was ₽-1,154 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽9,545 Mil.

Vyborg Shipyard PJSC did not have earnings to cover the interest expense.

* 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.


Vyborg Shipyard PJSC  (MIC:VSYD) 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 .


Vyborg Shipyard PJSC Interest Coverage Related Terms

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


Vyborg Shipyard PJSC (MIC:VSYD) Business Description

Traded in Other Exchanges
Address
2b Primorskoe Shosse, Vyborg, RUS, 188800
Vyborg Shipyard PJSC is a shipbuilding company of the North-Western region of Russia. It is engaged in the construction of small and medium tonnage vessels and offshore drilling rigs.

Vyborg Shipyard PJSC (MIC:VSYD) Headlines

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