What is Huntington Ingalls Industries Interest Coverage?
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. Huntington Ingalls Industries's
Operating Income
for the
three
months ended in Dec. 2023 was $300 Mil. Huntington Ingalls Industries's Interest Expense for the
three
months ended in Dec. 2023 was $-25 Mil.
Huntington Ingalls Industries's interest coverage for the quarter that ended in Dec. 2023 was 12.00.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Huntington Ingalls Industries's Interest Coverage or its related term are showing as below:
HII'
s Interest Coverage Range Over the Past 10 Years
Min: 4.64 Med: 7.28 Max: 16.1
Current: 7.83
HII's Interest Coverage is ranked better than 54.21% of 214
companies
in the Aerospace & Defense industry
Industry Median: 6.915
vs HII: 7.83
* 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.
Competitive Comparison of Huntington Ingalls Industries's Interest Coverage
For the Aerospace & Defense subindustry, Huntington Ingalls Industries'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.
Huntington Ingalls Industries's Interest Coverage Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Huntington Ingalls Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Huntington Ingalls Industries's Interest Coverage falls into.
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:
* 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.
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 .
Huntington Ingalls Industries Interest Coverage Related Terms
Thank you for viewing the detailed overview of Huntington Ingalls Industries's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Huntington Ingalls Industries (Huntington Ingalls Industries) Business Description
Huntington Ingalls Industries is the largest independent military shipbuilder in the U.S., spun off of Northrop Grumman in 2011. It operates three segments, two of which are historied shipyards: Ingalls produces non-nuclear-powered ships including amphibious landing ships and Arleigh Burke-class destroyers while Newport News produces nuclear-powered ships as the only producer of Gerald Ford-class aircraft carriers and a major subcontractor on Virginia and Columbia-class nuclear submarines. Huntington Ingalls shares production of destroyers and nuclear submarines with General Dynamics' Bath Iron Works and Electric Boat shipyards, respectively. The company's Mission Technologies segment produces uncrewed sea vessels and provides a range of IT and other services to U.S. government agencies.
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