BMO has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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. 2015 was $1,148 Mil. Bank of Montreal's Interest Expense for the three months ended in Jul. 2015 was $0 Mil. Bank of Montreal has no debt. The higher the ratio, the stronger the companys financial strength is.
During the past 13 years, the highest interest coverage of Bank of Montreal was 1.17. The lowest was 0.20. And the median was 0.42.
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. 2014 is calculated as
|Interest Coverage||=||-1||*||Operating Income (A: Oct. 2014 )||/||Interest Expense (A: Oct. 2014 )|
Bank of Montreal's Interest Coverage for the quarter that ended in Jul. 2015 is calculated as
|Bank of Montreal had no debt.|
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
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||1.12||1.25||1.16||1.17||1.15||1.15||1.11||At Loss||1.11||No Debt|