Sibek AB (publ) (OSTO:SIBEK) Interest Coverage : 3,690.50 (As of Apr. 2023)

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What is Sibek AB (publ) 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. Sibek AB (publ)'s Operating Income for the six months ended in Apr. 2023 was kr14.8 Mil. Sibek AB (publ)'s Interest Expense for the six months ended in Apr. 2023 was kr-0.0 Mil. Sibek AB (publ)'s interest coverage for the quarter that ended in Apr. 2023 was 3,690.50. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Sibek AB (publ) has no debt.

The historical rank and industry rank for Sibek AB (publ)'s Interest Coverage or its related term are showing as below:

OSTO:SIBEK' s Interest Coverage Range Over the Past 10 Years
Min: 3690.5 Med: 12048.25 Max: 20406
Current: 3690.5

OSTO:SIBEK's Interest Coverage is ranked better than
92.66% of 804 companies
in the Business Services industry
Industry Median: 13.47 vs OSTO:SIBEK: 3690.50

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

Sibek AB (publ) Interest Coverage Historical Data

The historical data trend for Sibek AB (publ)'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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Sibek AB (publ) Interest Coverage Chart

Sibek AB (publ) Annual Data

Trend

Apr22

Apr23

Interest Coverage

20,406.00

3,690.50

Sibek AB (publ) Semi-Annual Data
	Apr22	Apr23
Interest Coverage	20,406.00	3,690.50

Competitive Comparison of Sibek AB (publ)'s Interest Coverage

For the Security & Protection Services subindustry, Sibek AB (publ)'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.

Sibek AB (publ)'s Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sibek AB (publ)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sibek AB (publ)'s Interest Coverage falls into.

Sibek AB (publ) 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.

Sibek AB (publ)'s Interest Coverage for the fiscal year that ended in Apr. 2023 is calculated as

Here, for the fiscal year that ended in Apr. 2023, Sibek AB (publ)'s Interest Expense was kr-0.0 Mil. Its Operating Income was kr14.8 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Apr. 2023 )	/	Interest Expense (A: Apr. 2023 )
	=	-1	*	14.762	/	-0.004
	=	3,690.50

Sibek AB (publ)'s Interest Coverage for the quarter that ended in Apr. 2023 is calculated as

Here, for the six months ended in Apr. 2023, Sibek AB (publ)'s Interest Expense was kr-0.0 Mil. Its Operating Income was kr14.8 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2023 )	/	Interest Expense (Q: Apr. 2023 )
	=	-1	*	14.762	/	-0.004
	=	3,690.50

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

Sibek AB (publ) (OSTO:SIBEK) 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 .

Sibek AB (publ) Interest Coverage Related Terms

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Sibek AB (publ) (OSTO:SIBEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sibek AB (publ) (OSTO:SIBEK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Polygonvagen 39, Taby, SWE, 187 66

Website

https://www.sibek.se

Sibek AB (publ) is a technology consultancy operating in infrastructure, specifically railways. The company specializes in the Swedish railway's signaling system. The single largest customer is the Swedish Transport Administration, followed by the Swedish Transport Administration (SL) within the Stockholm Region. This is followed by other actors operating within Swedish railways, such as contracting companies, signaling system suppliers and other technology consulting companies. The services the Company delivers can be mainly divided into: COMMISSIONING, PROJECTING, and PROJECT AND CONSTRUCTION MANAGEMENT.

Sibek AB (publ) (OSTO:SIBEK) Headlines

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