GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Grenke AG (CHIX:GLJd) » Definitions » Interest Coverage

Grenke AG (CHIX:GLJD) Interest Coverage : N/A (As of Dec. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Grenke AG 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. Grenke AG's Operating Income for the three months ended in Dec. 2024 was €38.4 Mil. Grenke AG's Interest Expense for the three months ended in Dec. 2024 was €0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

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

CHIX:GLJd' s Interest Coverage Range Over the Past 10 Years
Min: 4.57   Med: 61.02   Max: 652.74
Current: 7.77


CHIX:GLJd's Interest Coverage is ranked worse than
73.96% of 169 companies
in the Credit Services industry
Industry Median: 189.07 vs CHIX:GLJd: 7.77

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


Grenke AG Interest Coverage Historical Data

The historical data trend for Grenke AG'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.

Grenke AG Interest Coverage Chart

Grenke AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.51 12.05 8.81 4.57 N/A

Grenke AG Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.41 7.62 8.06 3.04 N/A

Competitive Comparison of Grenke AG's Interest Coverage

For the Credit Services subindustry, Grenke AG'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.


Grenke AG's Interest Coverage Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Grenke AG's Interest Coverage distribution charts can be found below:

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


;
;

Grenke AG 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.

Grenke AG's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Grenke AG's Interest Expense was €0.0 Mil. Its Operating Income was €128.5 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,628.7 Mil.

GuruFocus does not calculate Grenke AG's interest coverage with the available data.

Grenke AG's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Grenke AG's Interest Expense was €0.0 Mil. Its Operating Income was €38.4 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,628.7 Mil.

GuruFocus does not calculate Grenke AG's interest coverage with the available data.

* 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.


Grenke AG  (CHIX:GLJd) 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 .


Grenke AG Interest Coverage Related Terms

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


Grenke AG Business Description

Traded in Other Exchanges
Address
Neuer Markt 2, Baden-Baden, DEU, 76532
Grenke AG is a financial services company that, under a franchise model, provides operational infrastructure, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include; The Leasing segment which generates key revenue, and consists of financing to commercial lessees, rental, service, protection and maintenance offerings, and the disposal of used equipment. The Banking segment acts as a financing partner, particularly to small- and medium-sized companies, and the Factoring segment offers traditional factoring services with a focus on small-ticket factoring. Geographically, the majority of the company's revenue is generated from France and rest from Italy, Germany and other regions.

Grenke AG Headlines

No Headlines