IES Holdings (IES Holdings) Interest Coverage

: 177.23 (As of Dec. 2023)

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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 company's Operating Income by its Interest Expense. IES Holdings's Operating Income for the three months ended in Dec. 2023 was $58 Mil. IES Holdings's Interest Expense for the three months ended in Dec. 2023 was $-0 Mil. IES Holdings's interest coverage for the quarter that ended in Dec. 2023 was 177.23. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. IES Holdings Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

IESC' s Interest Coverage Range Over the Past 10 Years
Min: 6.35 Med: 24.85 Max: 112.23
Current: 89.81

IESC's Interest Coverage is ranked better than
85.24% of 1260 companies
in the Construction industry
Industry Median: 7.09 vs IESC: 89.81

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

IES Holdings Interest Coverage Historical Data

The historical data trend for IES Holdings'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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IES Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

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26.98

91.28

112.23

20.29

52.98

IES Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															24.73	32.16	102.81	162.18	177.23

Competitive Comparison

For the Engineering & Construction subindustry, IES Holdings'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.

IES Holdings Interest Coverage Distribution

For the Construction industry and Industrials sector, IES Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where IES Holdings's Interest Coverage falls into.

IES Holdings 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.

IES Holdings's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, IES Holdings's Interest Expense was $-3 Mil. Its Operating Income was $146 Mil. And its Long-Term Debt & Capital Lease Obligation was $42 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	145.914	/	-2.754
	=	52.98

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

Here, for the three months ended in Dec. 2023, IES Holdings's Interest Expense was $-0 Mil. Its Operating Income was $58 Mil. And its Long-Term Debt & Capital Lease Obligation was $42 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	57.954	/	-0.327
	=	177.23

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

IES Holdings (NAS:IESC) 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 .

IES Holdings Interest Coverage Related Terms

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

IES Holdings (IES Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IES Holdings Inc (NAS:IESC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

45T:Germany

Address

2 Riverway, Suite 1730, Houston, TX, USA, 77056

Website

https://www.ies-co.com

IES Holdings Inc owns and manages subsidiaries that design and installs integrated electrical and technology systems and provide infrastructure products and services. It has four business segments; Communications, Residential, Infrastructure Solutions and Commercial & Industrial. Majority of the revenue for the company is generated from its Residential segment in which the company provides electrical installation services for single-family housing and multi-family apartment complexes, as well as heating, ventilation and air conditioning (HVAC) and plumbing installation services. Through this segment it also provides services for the installation of residential solar power, both for new construction and existing residences.

Executives

Gendell Jeffrey L Et Al	director, 10 percent owner	200 PARK AVENUE SUITE 3900, NEW YORK NY 10166
Todd M Cleveland	director	107 W. FRANKLIN ST., ELKHART IN 46515
Mary K Newman	officer: VP, General Counsel & Corp Sec	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Matthew J Simmes	officer: Chief Operating Officer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Alison M Petersen	officer: VP & Chief Accounting Officer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Tracy Mclauchlin	officer: SVP, CFO & Treasurer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
David B. Gendell	director	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Jennifer A Baldock	director	7 WITHERELL DRIVE, GREENWICH CT 06831
Elizabeth Leykum	director	C/O 5500 TRILLIUM BOULEVARD, SUITE 501, HOFFMAN ESTATES IL 60192
Gary S Matthews	director, officer: CEO and Director	5433 WESTHEIMER ROAD, SUITE 500, HOUSTON TX 77056
Donald L Luke	director	5433 WESTHEIMER RD, SUITE 500, HOUSTON TX 77056
Gail D Makode	officer: SVP, GC & Secretary	ONE SOUND SHORE DR, SUITE 304, GREENWICH CT 06830
Tontine Capital Management Llc	10 percent owner	C/O TORTINE PARTNERS LP, 55 RAILRAOD AVENUE 3RD FL, GREENWICH CT 06830
Tontine Capital Partners L P	10 percent owner	C/O TONTINE CAPITAL MANAGEMENT LLC LP, 55 RAILROAD AVENUE 3RD FL, GREENWICH CT 06830
Tontine Associates, Llc	10 percent owner	1 SOUND SHORE DRIVE, SUITE 304, GREENWICH CT 06830