Cia Logistica de Hidrocarburos CLH (LTS:0QHA) Interest Coverage : 22.62 (As of Sep. 2015)

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What is Cia Logistica de Hidrocarburos CLH 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. Cia Logistica de Hidrocarburos CLH's Operating Income for the three months ended in Sep. 2015 was €57.08 Mil. Cia Logistica de Hidrocarburos CLH's Interest Expense for the three months ended in Sep. 2015 was €-2.52 Mil. Cia Logistica de Hidrocarburos CLH's interest coverage for the quarter that ended in Sep. 2015 was 22.62. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Cia Logistica de Hidrocarburos CLH's Interest Coverage or its related term are showing as below:

LTS:0QHA's Interest Coverage is not ranked ^*
in the Oil & Gas industry.
Industry Median: 6.655
* Ranked among companies with meaningful Interest Coverage only.

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

Cia Logistica de Hidrocarburos CLH Interest Coverage Historical Data

The historical data trend for Cia Logistica de Hidrocarburos CLH'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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Cia Logistica de Hidrocarburos CLH Interest Coverage Chart

Cia Logistica de Hidrocarburos CLH Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Interest Coverage

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21.15

16.76

12.26

12.53

12.40

Cia Logistica de Hidrocarburos CLH Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Mar15	Jun15	Sep15
Interest Coverage	Get a 7-Day Free Trial															11.52	17.93	18.00	11.74	22.62

Competitive Comparison of Cia Logistica de Hidrocarburos CLH's Interest Coverage

For the Oil & Gas Midstream subindustry, Cia Logistica de Hidrocarburos CLH'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.

Cia Logistica de Hidrocarburos CLH's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cia Logistica de Hidrocarburos CLH's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cia Logistica de Hidrocarburos CLH's Interest Coverage falls into.

Cia Logistica de Hidrocarburos CLH 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.

Cia Logistica de Hidrocarburos CLH's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, Cia Logistica de Hidrocarburos CLH's Interest Expense was €-18.18 Mil. Its Operating Income was €225.48 Mil. And its Long-Term Debt & Capital Lease Obligation was €515.14 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2013 )	/	Interest Expense (A: Dec. 2013 )
	=	-1	*	225.48	/	-18.18
	=	12.40

Cia Logistica de Hidrocarburos CLH's Interest Coverage for the quarter that ended in Sep. 2015 is calculated as

Here, for the three months ended in Sep. 2015, Cia Logistica de Hidrocarburos CLH's Interest Expense was €-2.52 Mil. Its Operating Income was €57.08 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2015 )	/	Interest Expense (Q: Sep. 2015 )
	=	-1	*	57.084	/	-2.524
	=	22.62

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

Cia Logistica de Hidrocarburos CLH (LTS:0QHA) 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 .

Cia Logistica de Hidrocarburos CLH Interest Coverage Related Terms

Thank you for viewing the detailed overview of Cia Logistica de Hidrocarburos CLH's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Cia Logistica de Hidrocarburos CLH (LTS:0QHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cia Logistica de Hidrocarburos CLH SA (LTS:0QHA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.clh.es

Cia Logistica de Hidrocarburos CLH SA was formed on October 24, 1927. The Company is engaged in the storage, transportation and distribution of oil products in mainland Spain and the Balearic Islands, on behalf of the oil companies that operate in the Spanish market. This activity basically consists of receiving oil products at its facilities - mainly gasolines, diesels, fuel oils, aviation fuels and biofuels - and transporting and storing these products, and final delivery to the company's customers through its tank truck loading facilities. Its segment consists of: the land supplies business segment consists of logistics services comprising storage, transportation and distribution of all kinds of hydrocarbons and chemicals, and their derivatives and waste products, as well as advice and technical assistance in the provision of the services. The air supplies business segment consists of logistics services involving the storage, distribution and serving at airports of all kinds of aircraft fuels and lubricants.

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