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Lassila & Tikanoja Oyj (OHEL:LAT1V) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Lassila & Tikanoja Oyj 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. Lassila & Tikanoja Oyj's Operating Income for the three months ended in Mar. 2024 was €-1.7 Mil. Lassila & Tikanoja Oyj's Interest Expense for the three months ended in Mar. 2024 was €-2.0 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Lassila & Tikanoja Oyj's Interest Coverage or its related term are showing as below:

OHEL:LAT1V' s Interest Coverage Range Over the Past 10 Years
Min: 4.38   Med: 14.95   Max: 37.23
Current: 4.38


OHEL:LAT1V's Interest Coverage is ranked worse than
54.71% of 170 companies
in the Waste Management industry
Industry Median: 5.135 vs OHEL:LAT1V: 4.38

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


Lassila & Tikanoja Oyj Interest Coverage Historical Data

The historical data trend for Lassila & Tikanoja Oyj'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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Lassila & Tikanoja Oyj Interest Coverage Chart

Lassila & Tikanoja Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.74 8.71 11.06 7.23 4.70

Lassila & Tikanoja Oyj Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 4.38 9.55 3.82 -

Competitive Comparison of Lassila & Tikanoja Oyj's Interest Coverage

For the Waste Management subindustry, Lassila & Tikanoja Oyj'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.


Lassila & Tikanoja Oyj's Interest Coverage Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Lassila & Tikanoja Oyj's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Lassila & Tikanoja Oyj's Interest Coverage falls into.



Lassila & Tikanoja Oyj 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.

Lassila & Tikanoja Oyj'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, Lassila & Tikanoja Oyj's Interest Expense was €-8.1 Mil. Its Operating Income was €38.1 Mil. And its Long-Term Debt & Capital Lease Obligation was €171.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*38.1/-8.1
=4.70

Lassila & Tikanoja Oyj's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Lassila & Tikanoja Oyj's Interest Expense was €-2.0 Mil. Its Operating Income was €-1.7 Mil. And its Long-Term Debt & Capital Lease Obligation was €176.5 Mil.

Lassila & Tikanoja Oyj did not have earnings to cover the interest expense.

* 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.


Lassila & Tikanoja Oyj  (OHEL:LAT1V) 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 .


Lassila & Tikanoja Oyj Interest Coverage Related Terms

Thank you for viewing the detailed overview of Lassila & Tikanoja Oyj's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Lassila & Tikanoja Oyj (OHEL:LAT1V) Business Description

Traded in Other Exchanges
Address
Valimotie 27, Helsinki, FIN, FIN-00380
Lassila & Tikanoja Oyj provides waste management and recycling operations, cleaning and repair services, construction, and other environment-related activities. It works to reduce waste, extend useful lives of properties, recover materials, and reduce energy consumption. The company manages different forms of waste, including electrical equipment and paper. The waste is transformed into raw materials and fuel for power plants. Lassila & Tikanoja has four primary business divisions: environmental services, industrial services, facility services, and renewable energy sources. Cleaning staff become familiar with customers' premises and perform environmentally friendly cleaning methods. In addition, the company provides maintenance and installation for technical equipment and machinery.

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