Svitzer Group AS (OCSE:SVITZR) Interest Coverage : 8.61 (As of Dec. 2024)

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What is Svitzer Group AS 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. Svitzer Group AS's Operating Income for the six months ended in Dec. 2024 was kr396 Mil. Svitzer Group AS's Interest Expense for the six months ended in Dec. 2024 was kr-46 Mil. Svitzer Group AS's interest coverage for the quarter that ended in Dec. 2024 was 8.61. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Svitzer Group AS's Interest Coverage or its related term are showing as below:

OCSE:SVITZR' s Interest Coverage Range Over the Past 10 Years
Min: 2.15 Med: 3.83 Max: 7.9
Current: 3.27

OCSE:SVITZR's Interest Coverage is ranked worse than
67.94% of 839 companies
in the Transportation industry
Industry Median: 5.9 vs OCSE:SVITZR: 3.27

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

Svitzer Group AS Interest Coverage Historical Data

The historical data trend for Svitzer Group AS'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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Svitzer Group AS Interest Coverage Chart

Svitzer Group AS Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Coverage

3.46

4.19

7.90

2.15

Svitzer Group AS Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial			N/A	84.80	N/A	2.05	8.61

Competitive Comparison of Svitzer Group AS's Interest Coverage

For the Marine Shipping subindustry, Svitzer Group AS'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.

Svitzer Group AS's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Svitzer Group AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Svitzer Group AS's Interest Coverage falls into.

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Svitzer Group AS 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.

Svitzer Group AS's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Svitzer Group AS's Interest Expense was kr-377 Mil. Its Operating Income was kr810 Mil. And its Long-Term Debt & Capital Lease Obligation was kr3,567 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	810	/	-377
	=	2.15

Svitzer Group AS's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Svitzer Group AS's Interest Expense was kr-46 Mil. Its Operating Income was kr396 Mil. And its Long-Term Debt & Capital Lease Obligation was kr3,567 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	396	/	-46
	=	8.61

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

Svitzer Group AS (OCSE:SVITZR) 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 .

Svitzer Group AS Interest Coverage Related Terms

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

Svitzer Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Svitzer Group AS (OCSE:SVITZR) » Definitions » Interest Coverage

Traded in Other Exchanges

SVZRF:USA 9Y1:Germany

Address

Sundkrogsgade 17, Copenhagen, DNK, 2100

Website

https://www.svitzer.com

Svitzer Group AS is in sustainable marine services. It provides customers with business-critical and safe towage services and maritime solutions. Company have divided its towage service business into two main areas: Harbour Towage: In Harbour Towage, company enter into agreements with vessel owners or operators to provide towage services for their vessels in specific ports; and Terminal Towage , company enter into agreements with on and offshore terminal operators or other customers for the delivery of towage services by making a pre-determined number of tugboats, and sometimes other vessels, available to service all vessels that enter or leave the specific terminal. The company operates in various countries such as Australia, Europe, America, AMEA, with majority from Australia.

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