CTAS (Cintas) Interest Coverage : 24.63 (As of Feb. 2025)

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What is Cintas 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. Cintas's Operating Income for the three months ended in Feb. 2025 was $610 Mil. Cintas's Interest Expense for the three months ended in Feb. 2025 was $-25 Mil. Cintas's interest coverage for the quarter that ended in Feb. 2025 was 24.63. The higher the ratio, the stronger the company's financial strength is.

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

CTAS' s Interest Coverage Range Over the Past 10 Years
Min: 9 Med: 11.6 Max: 22.84
Current: 22.84

CTAS's Interest Coverage is ranked better than
58.1% of 802 companies
in the Business Services industry
Industry Median: 13.19 vs CTAS: 22.84

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

Cintas Interest Coverage Historical Data

The historical data trend for Cintas'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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Cintas Interest Coverage Chart

Cintas Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Interest Coverage

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11.03

14.11

17.87

16.21

20.53

Cintas Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Interest Coverage	Get a 7-Day Free Trial															20.40	22.74	21.90	22.18	24.63

Competitive Comparison of Cintas's Interest Coverage

For the Specialty Business Services subindustry, Cintas'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.

Cintas's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cintas's Interest Coverage distribution charts can be found below:

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

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Cintas 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.

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

Here, for the fiscal year that ended in May. 2024, Cintas's Interest Expense was $-101 Mil. Its Operating Income was $2,069 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,173 Mil.

Interest Coverage	=	-1	*	Operating Income (A: May. 2024 )	/	Interest Expense (A: May. 2024 )
	=	-1	*	2068.633	/	-100.74
	=	20.53

Cintas's Interest Coverage for the quarter that ended in Feb. 2025 is calculated as

Here, for the three months ended in Feb. 2025, Cintas's Interest Expense was $-25 Mil. Its Operating Income was $610 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,193 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2025 )	/	Interest Expense (Q: Feb. 2025 )
	=	-1	*	609.853	/	-24.764
	=	24.63

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

Cintas (NAS:CTAS) 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 .

Cintas Interest Coverage Related Terms

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

Cintas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (NAS:CTAS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CTAS:Mexico 0HYJ:UK CIT:Germany CIT:Germany C1TA34:Brazil CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.

Executives

Ronald W Tysoe	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Jim Rozakis	officer: Executive Vice President & COO	6800 CINTAS BLVD, CINCINNATI OH 45262
Todd M. Schneider	director, officer: CEO and Director	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Gerald S Adolph	director	101 PARK AVENUE, ROOM 2005, NEW YORK NY 10178
J. Michael Hansen	officer: VP & CFO	6800 CINTAS BOULEVARD, CINCINNATI OH 45262-5737
Robert E. Coletti	director, officer: Assistant Secretary	P.O. BOX 625737, 6800 CINTAS BLVD., CINCINNATI OH 45262
Melanie W. Barstad	director	P.O. BOX 625737, MASON OH 45040
John F Barrett	director
David Brock Denton	officer: Sr VP, Secretary & Gen Counsel	P.O. BOX 625737, CINCINNATI OH 45262
Michael Lawrence Thompson	officer: Executive Vice President & CAO	6800 CINTAS BOULEVARD, P.O. BOX 625737, CINCINNATI OH 45262
Joseph Scaminace	director	C/O THE SHERWIN WILLIAMS CO, 101 PROSPECT AVE N W, CLEVELAND OH 44115
Martin Mucci	director	911 PANORAMA TRAIL S, ROCHESTER NY 14625
Thomas E Frooman	officer: VP, Secretary & Gen. Counsel
James J Johnson	director	C/O THE PROCTER & GAMBLE COMPANY,, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
James Phillip Holloman	officer: President and COO	P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262