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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. Lee Enterprises Inc's Operating Income for the three months ended in Jun. 2016 was $24.7 Mil. Lee Enterprises Inc's Interest Expense for the three months ended in Jun. 2016 was $-15.8 Mil. Lee Enterprises Inc's interest coverage for the quarter that ended in Jun. 2016 was 1.56. The higher the ratio, the stronger the companys financial strength is.
Ben Graham prefers companies interest coverage is at least 5. Lee Enterprises Inc interest coverage is 1.61, which is low.
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.|
Lee Enterprises Inc's Interest Coverage for the fiscal year that ended in Sep. 2015 is calculated as
|Interest Coverage||=||-1||*||Operating Income (A: Sep. 2015 )||/||Interest Expense (A: Sep. 2015 )|
Lee Enterprises Inc's Interest Coverage for the quarter that ended in Jun. 2016 is calculated as
|Interest Coverage||=||-1||*||Operating Income (Q: Jun. 2016 )||/||Interest Expense (Q: Jun. 2016 )|
* 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.
Lee Enterprises Inc Annual Data
|interest_coverage||2.13||0.22||At Loss||At Loss||2.36||At Loss||1.24||At Loss||1.42||1.51|
Lee Enterprises Inc Quarterly Data
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