United Aircraft JSC (MIC:UNAC) Interest Coverage : 0.08 (As of Jun. 2023)

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What is United Aircraft JSC 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. United Aircraft JSC's Operating Income for the six months ended in Jun. 2023 was ₽2,183 Mil. United Aircraft JSC's Interest Expense for the six months ended in Jun. 2023 was ₽-25,738 Mil. United Aircraft JSC's interest coverage for the quarter that ended in Jun. 2023 was 0.08. 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. United Aircraft Corp JSCs 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 United Aircraft JSC's Interest Coverage or its related term are showing as below:

MIC:UNAC' s Interest Coverage Range Over the Past 10 Years
Min: 0.08 Med: 0.8 Max: 1.96
Current: 0.08

MIC:UNAC's Interest Coverage is ranked worse than
99.52% of 209 companies
in the Aerospace & Defense industry
Industry Median: 6.88 vs MIC:UNAC: 0.08

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

United Aircraft JSC Interest Coverage Historical Data

The historical data trend for United Aircraft JSC'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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United Aircraft JSC Interest Coverage Chart

United Aircraft JSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Coverage

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1.13

0.31

0.16

0.86

1.96

United Aircraft JSC Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Interest Coverage	Get a 7-Day Free Trial															2.17	0.76	2.88	-	0.08

Competitive Comparison of United Aircraft JSC's Interest Coverage

For the Aerospace & Defense subindustry, United Aircraft JSC'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.

United Aircraft JSC's Interest Coverage Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, United Aircraft JSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where United Aircraft JSC's Interest Coverage falls into.

United Aircraft JSC 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.

United Aircraft JSC'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, United Aircraft JSC's Interest Expense was ₽-27,060 Mil. Its Operating Income was ₽52,960 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽353,167 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2021 )	/	Interest Expense (A: Dec. 2021 )
	=	-1	*	52960	/	-27060
	=	1.96

United Aircraft JSC's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, United Aircraft JSC's Interest Expense was ₽-25,738 Mil. Its Operating Income was ₽2,183 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽567,669 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	2183	/	-25738
	=	0.08

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

United Aircraft JSC (MIC:UNAC) 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 .

United Aircraft JSC Interest Coverage Related Terms

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

United Aircraft JSC (MIC:UNAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » United Aircraft Corp JSC (MIC:UNAC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

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Address

B. Pionerskaya street, 1, Moscow, RUS, 115054

Website

https://www.uacrussia.ru

United Aircraft Corp JSC is a Russian company engaged in designing, manufacturing, selling, operation maintenance, guarantee, and service maintenance, upgrading, repairing and utilization of civil and military aircraft for Russian and foreign governments. It has three segments, Sukhoi holding, Irkut Corporation, and Other units. Sukhoi holding, which includes the development of production of military combat aircraft as well as the development of the civil aircraft programme SSJ-100. Irkut Corporation primarily includes production of military combat aircraft as well as development training military aircraft Yak-130 and civil aircraft programme MC-21. Other units include designing and manufacturing of various types of aircraft as well as repair and maintenance of existing aircraft.

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