CVC Capital Partners (FRA:Z1W) Interest Coverage : 23.78 (As of Dec. 2024)

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What is CVC Capital Partners 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. CVC Capital Partners's Operating Income for the six months ended in Dec. 2024 was €658 Mil. CVC Capital Partners's Interest Expense for the six months ended in Dec. 2024 was €-28 Mil. CVC Capital Partners's interest coverage for the quarter that ended in Dec. 2024 was 23.78. The higher the ratio, the stronger the company's financial strength is.

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

FRA:Z1W' s Interest Coverage Range Over the Past 10 Years
Min: 15.85 Med: 17.63 Max: 19.4
Current: 19.4

FRA:Z1W's Interest Coverage is ranked worse than
58.26% of 460 companies
in the Asset Management industry
Industry Median: 49.575 vs FRA:Z1W: 19.40

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

CVC Capital Partners Interest Coverage Historical Data

The historical data trend for CVC Capital Partners'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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CVC Capital Partners Interest Coverage Chart

CVC Capital Partners Annual Data

Trend

Dec23

Dec24

Interest Coverage

15.85

19.40

CVC Capital Partners Semi-Annual Data
	Jun23	Dec23	Jun24	Dec24
Interest Coverage	16.13	15.61	14.02	23.78

Competitive Comparison of CVC Capital Partners's Interest Coverage

For the Asset Management subindustry, CVC Capital Partners'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.

CVC Capital Partners's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CVC Capital Partners's Interest Coverage distribution charts can be found below:

* The bar in red indicates where CVC Capital Partners's Interest Coverage falls into.

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CVC Capital Partners 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.

CVC Capital Partners'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, CVC Capital Partners's Interest Expense was €-50 Mil. Its Operating Income was €974 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,719 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	973.542	/	-50.173
	=	19.40

CVC Capital Partners's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, CVC Capital Partners's Interest Expense was €-28 Mil. Its Operating Income was €658 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,719 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	658.143	/	-27.678
	=	23.78

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

CVC Capital Partners (FRA:Z1W) 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 .

CVC Capital Partners Interest Coverage Related Terms

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CVC Capital Partners Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CVC Capital Partners PLC (FRA:Z1W) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CVCCF:USA CVC:Netherlands CVCa:UK Z1W:Germany CVC:Austria

Address

Level 1, IFC 1, Esplanade, St Helier, JEY, JE2 3BX

Website

https://www.cvc.com

Citibank established CVC Capital Partners in 1981 as its European venture capital business. Spun out as a wholly independent entity in 1993, CVC, in due course, transformed into a manager of private equity, private credit, real estate, and infrastructure funds. CVC invests most of its funds in Europe and the United States, with a smaller exposure to Asia.

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