Glatfelter (Glatfelter) Interest Coverage

: 0.30 (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. Glatfelter's Operating Income for the three months ended in Dec. 2023 was $5 Mil. Glatfelter's Interest Expense for the three months ended in Dec. 2023 was $-17 Mil. Glatfelter's interest coverage for the quarter that ended in Dec. 2023 was 0.30. The higher the ratio, the stronger the company's financial strength is.

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

GLT' s Interest Coverage Range Over the Past 10 Years
Min: 0.31 Med: 2.48 Max: 6.94
Current: 0.31

GLT's Interest Coverage is ranked worse than
95.54% of 202 companies
in the Forest Products industry
Industry Median: 6.115 vs GLT: 0.31

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

Glatfelter Interest Coverage Historical Data

The historical data trend for Glatfelter'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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Glatfelter Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

5.05

6.94

1.91

0.72

0.31

Glatfelter Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																0.82	0.43	-	1.14	0.30

Competitive Comparison

For the Paper & Paper Products subindustry, Glatfelter'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.

Glatfelter Interest Coverage Distribution

For the Forest Products industry and Basic Materials sector, Glatfelter's Interest Coverage distribution charts can be found below:

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

Glatfelter 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.

Glatfelter's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Glatfelter's Interest Expense was $-65 Mil. Its Operating Income was $20 Mil. And its Long-Term Debt & Capital Lease Obligation was $853 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	19.966	/	-64.739
	=	0.31

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

Here, for the three months ended in Dec. 2023, Glatfelter's Interest Expense was $-17 Mil. Its Operating Income was $5 Mil. And its Long-Term Debt & Capital Lease Obligation was $853 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5.23	/	-17.498
	=	0.30

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

Glatfelter (NYSE:GLT) 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 .

Glatfelter Interest Coverage Related Terms

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

Glatfelter (Glatfelter) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Glatfelter Corp (NYSE:GLT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GLN:Germany

Address

4350 Congress Street, Suite 600, Charlotte, NC, USA, 28209

Website

https://www.glatfelter.com

Glatfelter Corporation manufactures and sells a variety of paper and fiber products. The company operates through two segments: Composite Fibers and Airlaid Materials. The Composite Fibers segment produces materials used in coffee and tea filtration, wallcovering, consumer product, and fiber-based applications for commercial and industrial use. The Airlaid Materials segment produces materials used in feminine hygiene, specialty wipes, tabletop, home care, and other consumables. The majority of the company's manufacturing facilities are located in North America and Europe, and it has sales and distribution offices in Russia, Italy, China, and the United States. Products are sold worldwide, with most of its revenue coming from Europe, the United States, and Canada.

Executives

Carlson Capital L P	10 percent owner	2100 MCKINNEY AVE, STE 1900, DALLAS TX 75201
Black Diamond Offshore Ltd.	10 percent owner	CITCO FUND SERVICES, 89 NEXUS WAY, P.O. BOX 31106, GRAND CAYMAN E9 KY1-1205
Boris Illetschko	officer: SVP, Chief Operating Officer	GRAFENAUWEG, 8, ZUG V8 6300
Kevin Michael Fogarty	director	30 GRAND GARDEN COURT, THE WOODLANDS TX 77381
David C Elder	officer: Corp Controller	96 S. GEORGE STREET, SUITE 400, YORK PA 17401
Wolfgang Laures	officer: SVP, Global Supply Chain	96 S. GEORGE ST., SUITE 520, YORK PA 17401
Delaware Domiciled Single Investor Limited Partnership - 101	10 percent owner	2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201
Black Diamond Arbitrage Offshore Ltd.	10 percent owner	2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201
Asgard Investment Corp. Ii	10 percent owner	2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201
Double Black Diamond Offshore Ltd	10 percent owner	CITCO FUND SERVICES, 89 NEXUS WAY, P.O. BOX 31106, CAMANA BAY E9 KY-1205
Clint Duane Carlson	10 percent owner	2100 MCKINNEY AVENUE, SUITE 1800, DALLAS TX 75201
Darrel H. Hackett	director	4350 CONGRESS STREET, SUITE 600, CHARLOTTE NC 28209
Thomas Fahnemann	director, officer: CEO	5664 YARDARM CT., CAPE CORAL FL 33914
J Robert Hall	director	GLATFELTER, 96 SOUTH GEORGE ST STE 500, YORK PA 17401
Dante C Parrini	officer: Vice President	GLATFELTER, 96 SOUTH GEORGE ST, SUITE 520, YORK PA 17401