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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 companys Operating Income (EBIT) by its Interest Expense. Toro Co's Operating Income for the three months ended in Oct. 2014 was $20 Mil. Toro Co's Interest Expense for the three months ended in Oct. 2014 was $-4 Mil. Toro Co's interest coverage for the quarter that ended in Oct. 2014 was 4.50. The higher the ratio, the stronger the companys financial strength is.
During the past 13 years, the highest interest coverage of Toro Co was 14.23. The lowest was 1.52. And the median was 7.80.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense:
|Toro Co did not have earnings to cover the interest expense.|
|Toro Co had no debt.|
Toro Co's Interest Coverage for the fiscal year that ended in Oct. 2013 is calculated as
|Interest Coverage||=||-1||*||Operating Income (A: Oct. 2013 )||/||Interest Expense (A: Oct. 2013 )|
Toro Co's Interest Coverage for the quarter that ended in Oct. 2014 is calculated as
|Interest Coverage||=||-1||*||Operating Income (Q: Oct. 2014 )||/||Interest Expense (Q: Oct. 2014 )|
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
The higher the ratio, the stronger the companys financial strength is.
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 companys overage financial strength.
Toro Co Annual Data
Toro Co Quarterly Data
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