Rautaruukki Oyj (OHEL:RTRKS) Interest Coverage : 0 (At Loss) (As of Sep. 2014)

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

What is Rautaruukki Oyj 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. Rautaruukki Oyj's Operating Income for the three months ended in Sep. 2014 was €-3 Mil. Rautaruukki Oyj's Interest Expense for the three months ended in Sep. 2014 was €-10 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 Rautaruukki Oyj's Interest Coverage or its related term are showing as below:

OHEL:RTRKS' s Interest Coverage Range Over the Past 10 Years
Min: 0.09 Med: No Debt Max: 9999.99
Current: 0.09

OHEL:RTRKS's Interest Coverage is not ranked
in the Steel industry.
Industry Median: 5.995 vs OHEL:RTRKS: 0.09

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

Rautaruukki Oyj Interest Coverage Historical Data

The historical data trend for Rautaruukki Oyj'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.

Rautaruukki Oyj Interest Coverage Chart

Rautaruukki Oyj Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Interest Coverage

Get a 7-Day Free Trial

0.61

0.94

Rautaruukki Oyj Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Interest Coverage	Get a 7-Day Free Trial															1.11	0.44	-	0.88	-

Competitive Comparison of Rautaruukki Oyj's Interest Coverage

For the Steel subindustry, Rautaruukki Oyj'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.

Rautaruukki Oyj's Interest Coverage Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rautaruukki Oyj's Interest Coverage distribution charts can be found below:

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

Rautaruukki Oyj 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.

Rautaruukki Oyj's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, Rautaruukki Oyj's Interest Expense was €-36 Mil. Its Operating Income was €34 Mil. And its Long-Term Debt & Capital Lease Obligation was €357 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2013 )	/	Interest Expense (A: Dec. 2013 )
	=	-1	*	34	/	-36
	=	0.94

Rautaruukki Oyj's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

Here, for the three months ended in Sep. 2014, Rautaruukki Oyj's Interest Expense was €-10 Mil. Its Operating Income was €-3 Mil. And its Long-Term Debt & Capital Lease Obligation was €282 Mil.

Rautaruukki Oyj did not have earnings to cover the interest expense.

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

Rautaruukki Oyj (OHEL:RTRKS) 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 .

Rautaruukki Oyj Interest Coverage Related Terms

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

Rautaruukki Oyj (OHEL:RTRKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rautaruukki Oyj (OHEL:RTRKS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ruukki.com

Rautaruukki Oyj supplies metal-based components, systems and integrated systems to construction and the engineering industry. The company's operations are structured into three divisions: construction, engineering, and steel business. Its construction division supplies steel construction solutions for commercial and industrial construction, as well as for infrastructure foundation and transport infrastructure projects. The divisions' product portfolio includes building frames, wall and roofing products, integrated systems for single and multi-story construction, bridges, traffic noise barriers and highway guard rails, piles, retaining wall structures and foundations for harbor construction. Its customers include developers, designs and builders of commercial, industrial and office premises, logistics and sports complexes and infrastructure services as well as roofing suppliers. Its engineering division supplies systems and components to the engineering industry, such as cabins, booms, masts and frames for goods and container handling, the construction industry and mining and forestry, telescopic booms, frames and parts; windmill components and oil sumps. Main markets serve international European companies, specifically the lifting, handling, and transportation equipment industry, the energy industry, the marine and offshore industry and the paper and wood industry. The Metals division supplies steel products associated with prefabrication, logistics and storage services. The division's product portfolio consists of hot and cold-rolled steels, metal and color-coated steels, tubes and profiles and stainless steel and aluminum sold as trading products. Its customers include the transportation equipment, construction, engineering and electronics industries in Europe and Russia.

Rautaruukki Oyj (OHEL:RTRKS) Headlines

No Headlines