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Porvair (CHIX:PRVL) Interest Coverage : 18.94 (As of Nov. 2024)


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What is Porvair 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. Porvair's Operating Income for the six months ended in Nov. 2024 was £11.2 Mil. Porvair's Interest Expense for the six months ended in Nov. 2024 was £-0.6 Mil. Porvair's interest coverage for the quarter that ended in Nov. 2024 was 18.94. The higher the ratio, the stronger the company's financial strength is.

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

CHIX:PRVl' s Interest Coverage Range Over the Past 10 Years
Min: 12.54   Med: 18.06   Max: 23.32
Current: 14.2


CHIX:PRVl's Interest Coverage is ranked worse than
52.57% of 2294 companies
in the Industrial Products industry
Industry Median: 16.015 vs CHIX:PRVl: 14.20

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


Porvair Interest Coverage Historical Data

The historical data trend for Porvair'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.

Porvair Interest Coverage Chart

Porvair Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.54 18.19 22.23 23.32 14.20

Porvair Semi-Annual Data
May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24
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 29.95 26.67 20.23 11.44 18.94

Competitive Comparison of Porvair's Interest Coverage

For the Pollution & Treatment Controls subindustry, Porvair'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.


Porvair's Interest Coverage Distribution in the Industrial Products Industry

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

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


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Porvair 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.

Porvair's Interest Coverage for the fiscal year that ended in Nov. 2024 is calculated as

Here, for the fiscal year that ended in Nov. 2024, Porvair's Interest Expense was £-1.6 Mil. Its Operating Income was £22.8 Mil. And its Long-Term Debt & Capital Lease Obligation was £15.0 Mil.

Interest Coverage=-1* Operating Income (A: Nov. 2024 )/Interest Expense (A: Nov. 2024 )
=-1*22.797/-1.605
=14.20

Porvair's Interest Coverage for the quarter that ended in Nov. 2024 is calculated as

Here, for the six months ended in Nov. 2024, Porvair's Interest Expense was £-0.6 Mil. Its Operating Income was £11.2 Mil. And its Long-Term Debt & Capital Lease Obligation was £15.0 Mil.

Interest Coverage=-1* Operating Income (Q: Nov. 2024 )/Interest Expense (Q: Nov. 2024 )
=-1*11.212/-0.592
=18.94

* 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.


Porvair  (CHIX:PRVl) 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 .


Porvair Interest Coverage Related Terms

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


Porvair Business Description

Traded in Other Exchanges
Address
7 Regis Place, Bergen Way, King\'s Lynn, Norfolk, GBR, PE30 2JN
Porvair PLC is an environmental treatment control company. It develops filtration solutions to be used by various types of industries. The company caters to its clients through three divisions, Aerospace and Industrial, Laboratory and Metal Melt Quality. The Aerospace and Industrial Division is a key revenue generator, principally serving the aviation, and energy and industrial markets. Laboratory Division principally serving the bioscience and environmental laboratory instrument and consumables market. Metal Melt Quality Division principally serving the global aluminium, North American Free Trade Agreement (NAFTA) iron foundry and superalloys markets. The company generates the majority of its manufacturing revenue from sales in the United States.

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