Umicore (Umicore) Interest Coverage : 5.25 (As of Dec. 2023)

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What is Umicore 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. Umicore's Operating Income for the six months ended in Dec. 2023 was $307 Mil. Umicore's Interest Expense for the six months ended in Dec. 2023 was $-58 Mil. Umicore's interest coverage for the quarter that ended in Dec. 2023 was 5.25. The higher the ratio, the stronger the company's financial strength is.

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

UMICY' s Interest Coverage Range Over the Past 10 Years
Min: 5.38 Med: 10.9 Max: 18.88
Current: 5.38

UMICY's Interest Coverage is ranked worse than
70.78% of 2303 companies
in the Industrial Products industry
Industry Median: 13.77 vs UMICY: 5.38

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

Umicore Interest Coverage Historical Data

The historical data trend for Umicore'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.

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Umicore Interest Coverage Chart

Umicore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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9.46

6.17

13.60

9.79

5.38

Umicore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															11.71	9.03	10.66	5.49	5.25

Competitive Comparison of Umicore's Interest Coverage

For the Pollution & Treatment Controls subindustry, Umicore'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.

Umicore's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Umicore's Interest Coverage distribution charts can be found below:

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

Umicore 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.

Umicore'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, Umicore's Interest Expense was $-130 Mil. Its Operating Income was $698 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,209 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	698.457	/	-129.74
	=	5.38

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

Here, for the six months ended in Dec. 2023, Umicore's Interest Expense was $-58 Mil. Its Operating Income was $307 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,209 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	306.963	/	-58.421
	=	5.25

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

Umicore (OTCPK:UMICY) 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 .

Umicore Interest Coverage Related Terms

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

Umicore (Umicore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Umicore SA (OTCPK:UMICY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

UMICF:USA UMI:Mexico 0RUY:UK NVJP:Germany UMI:Belgium UMI:Austria

Address

Rue du Marais 31 Broekstraat, Brussels, BEL, B-1000

Website

https://www.umicore.com

Umicore SA operations are divided into the following business groups: Catalysis, Energy & Surface Technologies and Recycling. The Catalysis segment provides automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, including on-road & non-road vehicles. The Energy & Surface Technologies segment is focused on products that are found in applications used in the production and storage of clean energy and in a range of applications for surface technologies that bring specific properties and functionalities to end products. The Recycling segment treats complex waste streams containing precious and other speciality metals. The majority of revenue is from the Recycling segment. Geographically, the majority is from Europe.