Severstal PAO (MIC:CHMF) Interest Coverage : 10.23 (As of Dec. 2023)

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What is Severstal PAO 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. Severstal PAO's Operating Income for the six months ended in Dec. 2023 was ₽123,834 Mil. Severstal PAO's Interest Expense for the six months ended in Dec. 2023 was ₽-12,102 Mil. Severstal PAO's interest coverage for the quarter that ended in Dec. 2023 was 10.23. The higher the ratio, the stronger the company's financial strength is.

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

MIC:CHMF's Interest Coverage is not ranked ^*
in the Steel industry.
Industry Median: 5.58
* 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.

Severstal PAO Interest Coverage Historical Data

The historical data trend for Severstal PAO'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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Severstal PAO Interest Coverage Chart

Severstal PAO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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16.82

14.25

38.56

20.97

13.46

Severstal PAO 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															46.16	22.92	18.05	22.06	10.23

Competitive Comparison of Severstal PAO's Interest Coverage

For the Steel subindustry, Severstal PAO'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.

Severstal PAO's Interest Coverage Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Severstal PAO's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Severstal PAO's Interest Coverage falls into.

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Severstal PAO 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.

Severstal PAO'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, Severstal PAO's Interest Expense was ₽-16,641 Mil. Its Operating Income was ₽223,986 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽63,573 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	223986	/	-16641
	=	13.46

Severstal PAO's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Severstal PAO's Interest Expense was ₽-12,102 Mil. Its Operating Income was ₽123,834 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽63,573 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	123834	/	-12102
	=	10.23

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

Severstal PAO (MIC:CHMF) 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 .

Severstal PAO Interest Coverage Related Terms

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Severstal PAO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Severstal PAO (MIC:CHMF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Klary Tsetkin Street, 2, Moscow, RUS, 127299

Website

https://www.severstal.com

Severstal PAO is a vertically integrated steel and mining company in Russia. The company has two operating divisions: Severstal Resources and Severstal Russian Steel. Its core asset is the Cherepovets steel mill, which is located within easy access of the company's mining operations, the Baltic ports, and Russia's industrial heartland. The company produces iron ore pellets, iron ore concentrates, crushed stones, ferrite strontium powder, coking & steam coal, and coking coal concentrate. These materials are provided to six industry categories: construction and service processing, tube and pipe, oil and gas, machinery, autos, and others. Construction and service processing accounts for a majority of sales. Severstal generates most of its revenue in Russia.

Severstal PAO Headlines

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