The Brink's Co (FRA:PTY) Interest Coverage : 1.95 (As of Mar. 2024)

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What is The Brink's Co 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. The Brink's Co's Operating Income for the three months ended in Mar. 2024 was €101 Mil. The Brink's Co's Interest Expense for the three months ended in Mar. 2024 was €-52 Mil. The Brink's Co's interest coverage for the quarter that ended in Mar. 2024 was 1.95. The higher the ratio, the stronger the company's financial strength is.

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

FRA:PTY' s Interest Coverage Range Over the Past 10 Years
Min: 2.3 Med: 2.71 Max: 10.19
Current: 2.35

FRA:PTY's Interest Coverage is ranked worse than
84.15% of 795 companies
in the Business Services industry
Industry Median: 13.3 vs FRA:PTY: 2.35

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

The Brink's Co Interest Coverage Historical Data

The historical data trend for The Brink's Co'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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The Brink's Co Interest Coverage Chart

The Brink's Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.67

2.30

2.69

2.73

2.36

The Brink's Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															1.90	2.05	2.53	2.90	1.95

Competitive Comparison of The Brink's Co's Interest Coverage

For the Security & Protection Services subindustry, The Brink's Co'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.

The Brink's Co's Interest Coverage Distribution in the Business Services Industry

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

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

The Brink's Co 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.

The Brink's Co'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, The Brink's Co's Interest Expense was €-187 Mil. Its Operating Income was €442 Mil. And its Long-Term Debt & Capital Lease Obligation was €3,235 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	441.902	/	-186.885
	=	2.36

The Brink's Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, The Brink's Co's Interest Expense was €-52 Mil. Its Operating Income was €101 Mil. And its Long-Term Debt & Capital Lease Obligation was €3,286 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	100.556	/	-51.612
	=	1.95

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

The Brink's Co (FRA:PTY) 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 .

The Brink's Co Interest Coverage Related Terms

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

The Brink's Co (FRA:PTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The Brink's Co (FRA:PTY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BCO:USA

Address

1801 Bayberry Court, P.O. Box 18100, Richmond, VA, USA, 23226-8100

Website

https://www.brinks.com

The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses.