Infortar AS (OTSE:INF1T) Interest Coverage : 5.57 (As of Dec. 2023)

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What is Infortar AS 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. Infortar AS's Operating Income for the six months ended in Dec. 2023 was €126 Mil. Infortar AS's Interest Expense for the six months ended in Dec. 2023 was €-23 Mil. Infortar AS's interest coverage for the quarter that ended in Dec. 2023 was 5.57. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Infortar AS's Interest Coverage or its related term are showing as below:

OTSE:INF1T' s Interest Coverage Range Over the Past 10 Years
Min: 5.57 Med: 7.93 Max: 13.34
Current: 5.57

OTSE:INF1T's Interest Coverage is ranked worse than
72.16% of 449 companies
in the Asset Management industry
Industry Median: 40.02 vs OTSE:INF1T: 5.57

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

Infortar AS Interest Coverage Historical Data

The historical data trend for Infortar AS'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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Infortar AS Interest Coverage Chart

Infortar AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

7.08

8.77

13.34

5.57

Infortar AS Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Interest Coverage	7.08	8.77	13.34	5.57

Competitive Comparison of Infortar AS's Interest Coverage

For the Asset Management subindustry, Infortar AS'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.

Infortar AS's Interest Coverage Distribution in the Asset Management Industry

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

* The bar in red indicates where Infortar AS's Interest Coverage falls into.

Infortar AS 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.

Infortar AS'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, Infortar AS's Interest Expense was €-23 Mil. Its Operating Income was €126 Mil. And its Long-Term Debt & Capital Lease Obligation was €255 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	125.733	/	-22.573
	=	5.57

Infortar AS's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Infortar AS's Interest Expense was €-23 Mil. Its Operating Income was €126 Mil. And its Long-Term Debt & Capital Lease Obligation was €255 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	125.733	/	-22.573
	=	5.57

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

Infortar AS (OTSE:INF1T) 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 .

Infortar AS Interest Coverage Related Terms

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

Infortar AS (OTSE:INF1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Infortar AS (OTSE:INF1T) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

X8K:Germany

Address

Sadama 5, Tallinn, EST, 10111

Website

https://www.infortar.ee

Infortar AS is an investment holding company in the Baltics. The group focus is on four segment areas which are energy, shipping, real estate, and others. Energy segment consisting of natural gas and electricity trade and sale, natural gas distribution service, sale and bunkering of liquefied natural gas, sale of compressed gas, biomethane production, and solar electricity production, Real estate segment consisting of hotels, office buildings, logistics center, and other real estate object, and Other segment which predominantly includes construction, drug and pharmacy wholesale, building materials, printing, taxicab, and other activities.

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