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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. ITT Corp's Operating Income for the three months ended in Mar. 2015 was $58 Mil. ITT Corp's Interest Expense for the three months ended in Mar. 2015 was $0 Mil. ITT Corp has no debt. The higher the ratio, the stronger the companys financial strength is.
Ben Graham prefers companies interest coverage is at least 5. ITT Corp has enough cash to cover all of its debt. Its financial situation is stable.
During the past 13 years, the highest interest coverage of ITT Corp was 1515.00. The lowest was 1.32. And the median was 8.81.
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.|
ITT Corp's Interest Coverage for the fiscal year that ended in Dec. 2014 is calculated as
|Interest Coverage||=||-1||*||Operating Income (A: Dec. 2014 )||/||Interest Expense (A: Dec. 2014 )|
ITT Corp's Interest Coverage for the quarter that ended in Mar. 2015 is calculated as
|ITT Corp 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.
ITT Corp Annual Data
|interest_coverage||9.67||9.29||8.50||8.59||9.03||At Loss||At Loss||1,515.00||29.14||66.60|
ITT Corp Quarterly Data
|interest_coverage||No Debt||No Debt||No Debt||No Debt||56.00||No Debt||No Debt||No Debt||At Loss||No Debt|