PAO Sovcomflot (MIC:FLOT) Interest Coverage: 13.55 (As of Jun. 2023)


MIC:FLOT PAO Sovcomflot MIC:FLOT
17 GF Score
Price ₽75.37
View Full Analysis

What is PAO Sovcomflot Interest Coverage?

PAO Sovcomflot MIC:FLOT +3.27% 17 Interest Coverage is 13.55 as of Jun. 2023. GuruFocus rates MIC:FLOT with a GF Score™ of 17/100.

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. PAO Sovcomflot's Operating Income for the six months ended in Jun. 2023 was ₽53,570 Mil. PAO Sovcomflot's Interest Expense for the six months ended in Jun. 2023 was ₽-3,954 Mil. PAO Sovcomflot's interest coverage for the quarter that ended in Jun. 2023 was 13.55. The higher the ratio, the stronger the company's financial strength is.

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


MIC:FLOT's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 5.89
* 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.

PAO Sovcomflot  (MIC:FLOT) 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 .

PAO Sovcomflot Interest Coverage Related Terms

PAO Sovcomflot Interest Coverage Historical Data

* Premium members only.

The historical data trend for PAO Sovcomflot'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.

PAO Sovcomflot Interest Coverage Chart

PAO Sovcomflot Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 0.89 1.20 2.12 2.63 1.79

PAO Sovcomflot Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.44 1.72 1.02 3.19 13.55

MIC:FLOT vs EPD, WMB, ET: Interest Coverage Comparison

For the Oil & Gas Midstream subindustry, PAO Sovcomflot'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.

PAO Sovcomflot Interest Coverage vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PAO Sovcomflot's Interest Coverage distribution charts can be found below:

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


MIC:FLOT
17GF Score
PAO Sovcomflot MIC:FLOT
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PAO Sovcomflot 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.

PAO Sovcomflot's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, PAO Sovcomflot's Interest Expense was ₽-11,913 Mil. Its Operating Income was ₽21,299 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽201,450 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*21299.49/-11912.629
=1.79

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

Here, for the six months ended in Jun. 2023, PAO Sovcomflot's Interest Expense was ₽-3,954 Mil. Its Operating Income was ₽53,570 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽91,260 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2023 )/Interest Expense (Q: Jun. 2023 )
=-1*53569.889/-3953.823
=13.55

* 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.

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

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 13.55 mean?
PAO Sovcomflot (MIC:FLOT) has a Interest Coverage of 13.55 as of Jun. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on PAO Sovcomflot and its competitors.
Is PAO Sovcomflot's Interest Coverage too high?
PAO Sovcomflot's current Interest Coverage is 13.55. The Oil & Gas industry median Interest Coverage is 5.89. PAO Sovcomflot's value of 13.55 is 130.1% above this industry median. Overall, PAO Sovcomflot has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PAO Sovcomflot's Interest Coverage compare to EPD and WMB?
PAO Sovcomflot's Interest Coverage of 13.55 can be compared against companies in the Oil & Gas industry. The industry median Interest Coverage is 5.89. PAO Sovcomflot's value of 13.55 is 130.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 731 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PAO Sovcomflot's current Interest Coverage of 13.55 is 130.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on PAO Sovcomflot and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PAO Sovcomflot's current Interest Coverage is 13.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PAO Sovcomflot stock overvalued right now?
PAO Sovcomflot (MIC:FLOT) has a current Interest Coverage of 13.55. The current Interest Coverage is 13.55 and 130.1% above the Oil & Gas industry median of 5.89. PAO Sovcomflot's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For PAO Sovcomflot (MIC:FLOT), the current Interest Coverage is 13.55 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PAO Sovcomflot Business Description

Industry EnergyOil & Gas
Address 6 Gasheka Street, Moscow, RUS, 125047
PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.
17GF Score

Get the complete analysis for MIC:FLOT

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₽75.37
Price