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Barco NV (Barco NV) Interest Coverage : 70.21 (As of Dec. 2023)


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What is Barco NV 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. Barco NV's Operating Income for the six months ended in Dec. 2023 was $55 Mil. Barco NV's Interest Expense for the six months ended in Dec. 2023 was $-1 Mil. Barco NV's interest coverage for the quarter that ended in Dec. 2023 was 70.21. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Barco NV has enough cash to cover all of its debt. Its financial situation is stable.

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

BCNAY' s Interest Coverage Range Over the Past 10 Years
Min: 0.51   Med: 20.15   Max: 57.42
Current: 53.58


BCNAY's Interest Coverage is ranked better than
75.25% of 1584 companies
in the Hardware industry
Industry Median: 12.55 vs BCNAY: 53.58

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


Barco NV Interest Coverage Historical Data

The historical data trend for Barco NV'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.

Barco NV Interest Coverage Chart

Barco NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.43 6.61 8.49 46.12 53.57

Barco NV 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 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 7.13 27.40 65.25 42.77 70.21

Competitive Comparison of Barco NV's Interest Coverage

For the Electronic Components subindustry, Barco NV'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.


Barco NV's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Barco NV's Interest Coverage distribution charts can be found below:

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



Barco NV 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.

Barco NV'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, Barco NV's Interest Expense was $-2 Mil. Its Operating Income was $107 Mil. And its Long-Term Debt & Capital Lease Obligation was $35 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*106.926/-1.996
=53.57

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

Here, for the six months ended in Dec. 2023, Barco NV's Interest Expense was $-1 Mil. Its Operating Income was $55 Mil. And its Long-Term Debt & Capital Lease Obligation was $35 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*55.182/-0.786
=70.21

* 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.


Barco NV  (OTCPK:BCNAY) 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 .


Barco NV Interest Coverage Related Terms

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


Barco NV (Barco NV) Business Description

Traded in Other Exchanges
Address
35 President Kennedypark, Kortrijk, BEL, 8500
Barco NV is an electronic components company with three business segments: Entertainment, Enterprise, and Healthcare. The Entertainment business segment comprises two business units; Cinema which offers the industry's most complete range of laser and lamp-based cinema projectors, including image processing and audio solutions, and The Immersive Experience business unit offers solutions tailored to the specific needs of large venues, live events, themed entertainment (museums, theme parks, digital immersive art installations, projection mapping, etc.) and simulation applications: projection, image processing, and related services. The company earns the majority of its revenue from the Entertainment business segment.

Barco NV (Barco NV) Headlines

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