Webco Industries (Webco Industries) Interest Coverage : 6.39 (As of Jul. 2023)

Webco Industries Interest Coverage Chart

Webco Industries Annual Data
	Trend	Jul05	Jul06	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul23
Interest Coverage		Get a 7-Day Free Trial					1.50	-	3.57	7.73	6.39

Webco Industries Semi-Annual Data
	Jul95	Jul96	Jul97	Jul98	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul06	Jul12	Jul13	Jul14	Jul15	Jul16	Jul17	Jul18	Jul23
Interest Coverage	Get a 7-Day Free Trial															1.50	-	3.57	7.73	6.39

Competitive Comparison of Webco Industries's Interest Coverage

For the Steel subindustry, Webco 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.

Webco Industries's Interest Coverage Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Webco Industries's Interest Coverage distribution charts can be found below:

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

Webco Industries 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Webco Industries's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as

Here, for the fiscal year that ended in Jul. 2023, Webco Industries's Interest Expense was $-6.1 Mil. Its Operating Income was $38.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $39.1 Mil.

Webco Industries's Interest Coverage for the quarter that ended in Jul. 2023 is calculated as

Here, for the six months ended in Jul. 2023, Webco Industries's Interest Expense was $-6.1 Mil. Its Operating Income was $38.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $39.1 Mil.

* 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.

Webco Industries  (OTCPK:WEBC) 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 .

Webco Industries Interest Coverage Related Terms

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Webco Industries (Webco Industries) Business Description