Global Ports Holding (LSE:GPH) Interest Coverage : 1.10 (As of Sep. 2023)

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What is Global Ports Holding 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. Global Ports Holding's Operating Income for the six months ended in Sep. 2023 was £34.3 Mil. Global Ports Holding's Interest Expense for the six months ended in Sep. 2023 was £-31.2 Mil. Global Ports Holding's interest coverage for the quarter that ended in Sep. 2023 was 1.10. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Global Ports Holding PLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

LSE:GPH' s Interest Coverage Range Over the Past 10 Years
Min: 0.27 Med: 0.85 Max: 1.66
Current: 0.96

LSE:GPH's Interest Coverage is ranked worse than
92.19% of 819 companies
in the Transportation industry
Industry Median: 5.31 vs LSE:GPH: 0.96

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

Global Ports Holding Interest Coverage Historical Data

The historical data trend for Global Ports Holding'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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Global Ports Holding Interest Coverage Chart

Global Ports Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Interest Coverage

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0.82

1.66

0.27

1.03

Global Ports Holding Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Coverage	Get a 7-Day Free Trial											-	-	1.38	0.72	1.10

Competitive Comparison of Global Ports Holding's Interest Coverage

For the Marine Shipping subindustry, Global Ports Holding'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.

Global Ports Holding's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Global Ports Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Global Ports Holding's Interest Coverage falls into.

Global Ports Holding 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.

Global Ports Holding's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Global Ports Holding's Interest Expense was £-33.4 Mil. Its Operating Income was £34.4 Mil. And its Long-Term Debt & Capital Lease Obligation was £499.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	34.354	/	-33.394
	=	1.03

Global Ports Holding's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the six months ended in Sep. 2023, Global Ports Holding's Interest Expense was £-31.2 Mil. Its Operating Income was £34.3 Mil. And its Long-Term Debt & Capital Lease Obligation was £550.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	34.332	/	-31.198
	=	1.10

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

Global Ports Holding (LSE:GPH) 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 .

Global Ports Holding Interest Coverage Related Terms

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

Global Ports Holding (LSE:GPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Ports Holding PLC (LSE:GPH) » Definitions » Interest Coverage

Traded in Other Exchanges

GPHl:UK 6P9:Germany

Address

Buyukdere Cad Number 193, Levent 193 Plaza, Istanbul, TUR, 34394

Website

https://www.globalportsholding.com

Global Ports Holding PLC is an independent cruise port operator. The company serves the needs of the world's cruise lines, ferries, and mega yachts. The company's portfolio includes assets that range from major cruise hubs such as Barcelona and Venice to high-traffic core ports such as Valletta and Cagliari and Singapore cruise ports. It operates two growing commercial ports in Turkey and Montenegro. The group's reportable segments are Western Mediterranean & Atlantic region, Central Mediterranean region, Americas Region and Eastern Mediterranean and Adriatic region, Other operations.

Global Ports Holding (LSE:GPH) Headlines

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