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StoneMor (StoneMor) Interest Coverage : 0 (At Loss) (As of Jun. 2022)


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What is StoneMor 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. StoneMor's Operating Income for the three months ended in Jun. 2022 was $-7.7 Mil. StoneMor's Interest Expense for the three months ended in Jun. 2022 was $-9.3 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


STON's Interest Coverage is not ranked *
in the Personal Services industry.
Industry Median: 9.96
* Ranked among companies with meaningful Interest Coverage only.

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


StoneMor Interest Coverage Historical Data

The historical data trend for StoneMor'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.

StoneMor Interest Coverage Chart

StoneMor Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.07 0.18

StoneMor Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.53 - - -

Competitive Comparison of StoneMor's Interest Coverage

For the Personal Services subindustry, StoneMor'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.


StoneMor's Interest Coverage Distribution in the Personal Services Industry

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

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



StoneMor 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.

StoneMor's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, StoneMor's Interest Expense was $-39.0 Mil. Its Operating Income was $7.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $389.4 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*7.098/-38.974
=0.18

StoneMor's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, StoneMor's Interest Expense was $-9.3 Mil. Its Operating Income was $-7.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $390.0 Mil.

StoneMor did not have earnings to cover the 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.

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


StoneMor  (NYSE:STON) 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 .


StoneMor Interest Coverage Related Terms

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


StoneMor (StoneMor) Business Description

Traded in Other Exchanges
N/A
Address
3331 Street Road, Suite 200, Bensalem, PA, USA, 19020
StoneMor Inc owns and operates cemeteries and funeral homes in the United States. The company sells cemetery products and services both at the time of death, which it refers to as at-need and prior to the time of death, which it refers to as pre-need. Its two divisions are cemetery operations and funeral homes, the former accounting for the majority of revenues.
Executives
Trost Keith Edward Jr officer: See Remarks 149 FIRST AVENUE, NEWTOWN SQUARE PA 19073
Sahal S Laher officer: See Remarks 16 HANCOCK ROAD, WINDHAM NH 03087
Stonemor Inc. officer: See Remarks 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Spencer E Goldenberg director C/O TERRA INCOME FUND 6, INC., 550 FIFTH AVENUE, 6TH FLOOR, NEW YORK NY 10036
Andrew Axelrod director, 10 percent owner C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Robert Page officer: See Remarks 7217 LARAMIE RIVER DRIVE, FORT COLLINS CO 80525
Lindsay Granson officer: See Remarks 300 MYSTIC VIEW CIRCLE, DOYLESTOWN PA 18901
David Miller director 53 FOREST AVENUE, OLD GREENWICH CT 06870
Stephen J. Negrotti director C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Kevin Patrick director 151 MARPLE ROAD, HAVERFORD PA 19041
Mangrove Partners Master Fund, Ltd. 10 percent owner 645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Patricia D Wellenbach director C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Partners Mangrove 10 percent owner 645 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Joseph M Redling director, officer: President and CEO C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Hellman Robert B Jr director C/O AMERICAN INFRASTRUCTURE MLP FUND, 950 TOWER LANE, SUITE 800, FOSTER CITY CA 94404

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