What is SeaCube Container Leasing 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. SeaCube Container Leasing's
Operating Income
for the
three
months ended in Dec. 2012 was €-28.5 Mil. SeaCube Container Leasing's Interest Expense for the
three
months ended in Dec. 2012 was €-13.2 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for SeaCube Container Leasing's Interest Coverage or its related term are showing as below:
FRA:03S'
s Interest Coverage Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.45
Current: 0.45
FRA:03S's Interest Coverage is not ranked
in the Business Services industry.
Industry Median: 13.3
vs FRA:03S: 0.45
* 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.
Competitive Comparison of SeaCube Container Leasing's Interest Coverage
For the Rental & Leasing Services subindustry, SeaCube Container Leasing'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.
SeaCube Container Leasing's Interest Coverage Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, SeaCube Container Leasing's Interest Coverage distribution charts can be found below:
* The bar in red indicates where SeaCube Container Leasing's Interest Coverage falls into.
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:
SeaCube Container Leasing did not have earnings to cover the interest expense.
* 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.
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 .
SeaCube Container Leasing Interest Coverage Related Terms
Thank you for viewing the detailed overview of SeaCube Container Leasing's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
SeaCube Container Leasing (FRA:03S) Business Description
SeaCube Container Leasing Ltd was incorporated in Bermuda in March 2010. It is a container leasing company based on total assets. Containers are the primary means by which products are shipped internationally because they facilitate the secure and efficient movement of goods via multiple transportation modes, including ships, rail and trucks. The principal activities of its business include the acquisition, leasing, re-leasing and subsequent sale of refrigerated and dry containers and generator sets. It leases its containers primarily under long-term contracts to a diverse group of the shipping lines. It owns or manages a fleet of 507,013 units, representing 795,039 TEUs of containers and generator sets. It leases three types of assets: Reefers, which are used for perishable items such as fresh and frozen foods; Dry freight containers, which are used for general cargo such as manufactured component parts, consumer staples and apparel; and Gensets, which are diesel generators used to provide mobile power to reefers. The Company's fleet of equipment consists of three types of container assets: refrigerated containers, dry freight containers and generator sets. Refrigerated containers, or reefers, are insulated containers that include an integrated cooling machine. These containers are typically used to carry perishable cargo such as fresh and frozen produce, meat, poultry, fish and other temperature sensitive products. A dry container is essentially a steel box with a set of doors on one end. Dry containers are the least-expensive type of intermodal container and are used to carry most types of freight. Generator sets, or gensets, are portable diesel fueled generators used to power reefers. They can be used when reefers are transported by trucks. It competes with Textainer Group, Florens Group, Triton Container, TAL International and GE Seaco. The Company is subject to federal, state, local and foreign laws and regulations relating to the protection of the environment, including those governing the discharge of pollutants to air and water, the management and disposal of hazardous substances and wastes and the cleanup of contaminated sites.
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