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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense. Bank of Montreal's Operating Income for the three months ended in Jul. 2016 was $1,221 Mil. Bank of Montreal's Interest Expense for the three months ended in Jul. 2016 was $0 Mil. Bank of Montreal has no debt. The higher the ratio, the stronger the companys financial strength is.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense:
|The company did not have earnings to cover the interest expense.|
|The company had no debt.|
Bank of Montreal's Interest Coverage for the fiscal year that ended in Oct. 2015 is calculated as
|Interest Coverage||=||-1||*||Operating Income (A: Oct. 2015 )||/||Interest Expense (A: Oct. 2015 )|
Bank of Montreal's Interest Coverage for the quarter that ended in Jul. 2016 is calculated as
|Bank of Montreal had no debt.|
The higher the ratio, the stronger the companys financial strength is.
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 companys overage financial strength.
Bank of Montreal Annual Data
Bank of Montreal Quarterly Data
|interest_coverage||1.15||1.15||1.11||0.96||1.11||No Debt||0.34||1.17||1.04||No Debt|
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