Centrotherm international AG (HAM:CTNK) Interest Coverage : 19.77 (As of Dec. 2023)

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What is Centrotherm international AG 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. Centrotherm international AG's Operating Income for the six months ended in Dec. 2023 was €9.8 Mil. Centrotherm international AG's Interest Expense for the six months ended in Dec. 2023 was €-0.5 Mil. Centrotherm international AG's interest coverage for the quarter that ended in Dec. 2023 was 19.77. The higher the ratio, the stronger the company's financial strength is.

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

HAM:CTNK' s Interest Coverage Range Over the Past 10 Years
Min: 0.57 Med: 3.1 Max: 13.35
Current: 11.95

HAM:CTNK's Interest Coverage is ranked worse than
60.62% of 612 companies
in the Semiconductors industry
Industry Median: 20.035 vs HAM:CTNK: 11.95

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

Centrotherm international AG Interest Coverage Historical Data

The historical data trend for Centrotherm international AG'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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Centrotherm international AG Interest Coverage Chart

Centrotherm international AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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3.10

13.35

11.95

Centrotherm international AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															23.46	26.21	-	3.76	19.77

Competitive Comparison of Centrotherm international AG's Interest Coverage

For the Semiconductors subindustry, Centrotherm international AG'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.

Centrotherm international AG's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Centrotherm international AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Centrotherm international AG's Interest Coverage falls into.

Centrotherm international AG 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.

Centrotherm international AG'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, Centrotherm international AG's Interest Expense was €-1.0 Mil. Its Operating Income was €11.6 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	11.63	/	-0.973
	=	11.95

Centrotherm international AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Centrotherm international AG's Interest Expense was €-0.5 Mil. Its Operating Income was €9.8 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	9.844	/	-0.498
	=	19.77

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

Centrotherm international AG (HAM:CTNK) 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 .

Centrotherm international AG Interest Coverage Related Terms

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

Centrotherm international AG (HAM:CTNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Centrotherm international AG (HAM:CTNK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CTNK:Germany

Address

Wurttemberger Strasse 31, Blaubeuren, DEU, 89143

Website

http://www.centrotherm.de

Centrotherm international AG provides manufacturing solutions for the photovoltaic, semiconductor and microelectronics industry. The company operates in three segments: Silicon and Wafer, Solar Cell and Module (including Semiconductors and Microelectronics) and Thin Film Module. Silicon and Wafer segment offers planning, technology and engineering services for the design and process optimization of polysilicon, ingot and wafer manufacturing. Solar Cell and Module segment is engaged in the development and sales of production lines for the manufacture of crystalline solar cells, including engineering and technological process services. The Thin Film Module, the company provides development and sales of production lines for CIGS (Copper Indium Gallium Diselenide) thin film modules.

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