TMK PAO (MIC:TRMK) Interest Coverage: 2.58 (As of Jun. 2022)

TMK PAO  (MIC:TRMK) 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 .

TMK PAO Interest Coverage Related Terms

The historical data trend for TMK 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.

TMK PAO Interest Coverage Chart

TMK PAO Annual Data
	Trend	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21
Interest Coverage		Get a 7-Day Free Trial					1.27	1.30	1.82	1.49	1.74

TMK PAO Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Interest Coverage	Get a 7-Day Free Trial															1.37	1.61	1.18	2.16	2.58

MIC:TRMK vs NUE, STLD, RS: Interest Coverage Comparison

For the Steel subindustry, TMK 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.

TMK PAO Interest Coverage vs Steel Industry

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

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

TMK 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

TMK PAO'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, TMK PAO's Interest Expense was ₽-23,409 Mil. Its Operating Income was ₽40,802 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽241,054 Mil.

TMK PAO's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the six months ended in Jun. 2022, TMK PAO's Interest Expense was ₽-16,389 Mil. Its Operating Income was ₽42,362 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽189,551 Mil.

* 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.

TMK PAO Business Description