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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. Novo Nordisk A/S's Operating Income for the three months ended in Sep. 2016 was $1,871 Mil. Novo Nordisk A/S's Interest Expense for the three months ended in Sep. 2016 was $-17 Mil. Novo Nordisk A/S's interest coverage for the quarter that ended in Sep. 2016 was 107.07. 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.|
Novo Nordisk A/S's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as
|Interest Coverage||=||-1||*||Operating Income (A: Dec. 2015 )||/||Interest Expense (A: Dec. 2015 )|
Novo Nordisk A/S's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as
|Interest Coverage||=||-1||*||Operating Income (Q: Sep. 2016 )||/||Interest Expense (Q: Sep. 2016 )|
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.
Novo Nordisk A/S Annual Data
Novo Nordisk A/S Quarterly Data
|interest_coverage||62.38||19.43||At Loss||8.36||7.31||6.47||At Loss||32.48||1,041.42||107.07|
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