Stockmann Oyj Abp (OHEL:0MW1) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Stockmann Oyj Abp 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. Stockmann Oyj Abp's Operating Income for the three months ended in Mar. 2024 was €-7.6 Mil. Stockmann Oyj Abp's Interest Expense for the three months ended in Mar. 2024 was €-9.1 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Lindex Group PLC interest coverage is 2.17, which is low.

The historical rank and industry rank for Stockmann Oyj Abp's Interest Coverage or its related term are showing as below:

OHEL:0MW1' s Interest Coverage Range Over the Past 10 Years
Min: 0.18 Med: 1.59 Max: 2.88
Current: 2.17

OHEL:0MW1's Interest Coverage is ranked worse than
78.74% of 762 companies
in the Retail - Cyclical industry
Industry Median: 7.85 vs OHEL:0MW1: 2.17

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

Stockmann Oyj Abp Interest Coverage Historical Data

The historical data trend for Stockmann Oyj Abp'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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Stockmann Oyj Abp Interest Coverage Chart

Stockmann Oyj Abp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.46

2.85

2.88

2.37

Stockmann Oyj Abp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	3.51	2.62	3.56	-

Competitive Comparison of Stockmann Oyj Abp's Interest Coverage

For the Department Stores subindustry, Stockmann Oyj Abp'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.

Stockmann Oyj Abp's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Stockmann Oyj Abp's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Stockmann Oyj Abp's Interest Coverage falls into.

Stockmann Oyj Abp 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.

Stockmann Oyj Abp'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, Stockmann Oyj Abp's Interest Expense was €-33.6 Mil. Its Operating Income was €79.7 Mil. And its Long-Term Debt & Capital Lease Obligation was €577.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	79.7	/	-33.6
	=	2.37

Stockmann Oyj Abp's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Stockmann Oyj Abp's Interest Expense was €-9.1 Mil. Its Operating Income was €-7.6 Mil. And its Long-Term Debt & Capital Lease Obligation was €592.5 Mil.

Stockmann Oyj Abp did not have earnings to cover the interest expense.

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

Stockmann Oyj Abp (OHEL:0MW1) 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 .

Stockmann Oyj Abp Interest Coverage Related Terms

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

Stockmann Oyj Abp (OHEL:0MW1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Stockmann Oyj Abp (OHEL:0MW1) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

STOCKA:Finland

Address

Aleksanterinkatu 52, Helsinki, FIN, FI-00100

Website

https://www.stockmanngroup.com

Stockmann Oyj Abp is a retail trader based in Finland. It sells variants of products and operates under two divisions, which are Lindex and Stockmann. Stockmann has a further classification of Stockmann Retail and Real estate. Stockmann Retail includes non-food department store operations in Finland and non-food and food operations in the Baltic countries. It offers an extensive product range and customer service expertise in an international shopping environment. The Real Estate comprises the properties owned by the Group in Helsinki, St Petersburg, Tallinn, and Riga. The company operates its fashion chains segment through Lindex, which has a wide network of shops and e-commerce businesses throughout the European Union and Norway.

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