Service International (Service International) Interest Coverage

: 3.76 (As of Dec. 2023)

View and export this data going back to 1987. Start your Free Trial

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. Service International's Operating Income for the three months ended in Dec. 2023 was $242 Mil. Service International's Interest Expense for the three months ended in Dec. 2023 was $-65 Mil. Service International's interest coverage for the quarter that ended in Dec. 2023 was 3.76. The higher the ratio, the stronger the company's financial strength is.

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

SCI' s Interest Coverage Range Over the Past 10 Years
Min: 2.76 Med: 3.4 Max: 7.74
Current: 3.9

SCI's Interest Coverage is ranked worse than
77.5% of 80 companies
in the Personal Services industry
Industry Median: 10.08 vs SCI: 3.90

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

Service International Interest Coverage Historical Data

The historical data trend for Service International'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.

* Premium members only.

Service International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

3.41

5.13

7.74

5.33

3.90

Service International 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															3.51	4.54	3.81	3.58	3.76

Competitive Comparison

For the Personal Services subindustry, Service International'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.

Service International Interest Coverage Distribution

For the Personal Services industry and Consumer Cyclical sector, Service International's Interest Coverage distribution charts can be found below:

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

Service International 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.

Service International'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, Service International's Interest Expense was $-239 Mil. Its Operating Income was $934 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,695 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	934.439	/	-239.447
	=	3.90

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

Here, for the three months ended in Dec. 2023, Service International's Interest Expense was $-65 Mil. Its Operating Income was $242 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,695 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	242.488	/	-64.543
	=	3.76

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

Service International (NYSE:SCI) 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 .

Service International Interest Coverage Related Terms

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

Service International (Service International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Service Corp International (NYSE:SCI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

SVC:Germany SVC:Germany

Address

1929 Allen Parkway, Houston, TX, USA, 77019

Website

https://www.sci-corp.com

Service Corp International is a personal services company that provides funeral and cemetery services and products from its locations throughout the United States and Canada. The company segments its operations into funeral service and cemetery business functions. At its funeral service locations, Service Corp. provides all professional services, facilities, vehicles, and merchandise related to funerals and cremations. Cemetery locations provide cemetery property, memorial markers, and graveyard services to customers. Service Corp. derives the majority of its revenue from its funeral locations, while the cemetery division also generates a significant amount of the company's total income. Geographically, the company gets a major share of revenue from the United States.

Executives

John H Faulk	officer: Vice Pres Business Development	1929 ALLEN PARKWAY, HOUSTON TX 77019
Elisabeth G. Nash	officer: V.P. Processes & Technology	1929 ALLEN PARKWAY, HOUSTON TX 77019
Tony Coelho	director	C/O PINNACLE GLOBAL GROUP, 5599 SAN FELIPE #1212, HOUSTON TX 77056
Thomas L Ryan	officer: President,Chief Operating Off.	1929 ALLEN PARKWAY, HOUSTON TX 77219
Lori Spilde	officer: Sr. V.P. and General Counsel	1929 ALLEN PARKWAY, HOUSTON TX 77019
Steven A Tidwell	officer: V.P. Main Street Operations	1929 ALLEN PARKWAY, HOUSTON TX 77019
Buckwalter Alan R Iii	director
Eric D Tanzberger	officer: VP, Corporate Controller	1929 ALLEN PARKWAY, HOUSTON TX 77219
Jakki L. Haussler	director	221 EAST FOURTH STREET, CINCINNATI OH 45202
Ellen Ochoa	director	1929 ALLEN PARKWAY, HOUSTON TX 77019
Gregory T Sangalis	officer: Sr. V.P. and General Counsel	46 HIBURY DRIVE, HOUSTON TX 77024
Waring Sumner J Iii	officer: VP Western Operations	1929 ALLEN PARKWAY, HOUSTON TX 77219
C Park Shaper	director	1001 LOUISIANA, STE 1000, HOUSTON TX 77002
Victor L Lund	director	ONE RAVINIA DRIVE, STE 1500, ATLANTA GA 30346
Marcus A Watts	director