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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. Perma-Pipe International Holdings's Operating Income for the three months ended in Jul. 2024 was $6.1 Mil. Perma-Pipe International Holdings's Interest Expense for the three months ended in Jul. 2024 was $-0.5 Mil. Perma-Pipe International Holdings's interest coverage for the quarter that ended in Jul. 2024 was 11.95. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Perma-Pipe International Holdings's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Perma-Pipe International Holdings'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.
Perma-Pipe International Holdings Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 4.41 | - | 8.84 | 4.97 | 5.50 |
Perma-Pipe International Holdings Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
Interest Coverage | Get a 7-Day Free Trial | 4.23 | 9.44 | 7.10 | 6.18 | 11.95 |
For the Building Products & Equipment subindustry, Perma-Pipe International Holdings'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.
For the Construction industry and Industrials sector, Perma-Pipe International Holdings's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Perma-Pipe International Holdings's Interest Coverage falls into.
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.
Perma-Pipe International Holdings's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as
Here, for the fiscal year that ended in Jan. 2024, Perma-Pipe International Holdings's Interest Expense was $-2.4 Mil. Its Operating Income was $13.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $22.3 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Jan. 2024 ) | / | Interest Expense (A: Jan. 2024 ) |
= | -1 | * | 13.359 | / | -2.429 | |
= | 5.50 |
Perma-Pipe International Holdings's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as
Here, for the three months ended in Jul. 2024, Perma-Pipe International Holdings's Interest Expense was $-0.5 Mil. Its Operating Income was $6.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $22.3 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Jul. 2024 ) | / | Interest Expense (Q: Jul. 2024 ) |
= | -1 | * | 6.142 | / | -0.514 | |
= | 11.95 |
* 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.
Perma-Pipe International Holdings (NAS:PPIH) 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 .
Thank you for viewing the detailed overview of Perma-Pipe International Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Jerome T. Walker | director | 10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042 |
David B Brown | director | 9870 PLANO ROAD, DALLAS TX 75238 |
Cynthia Boiter | director | 6410 W. HOWARD STREET, NILES IL 60714 |
Robert Joseph Mcnally | director | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
Matthew Earl Lewicki | officer: Chief Accounting Officer | 20719 KINGS CROWN CT, HUMBLE TX 77346 |
David S Barrie | director | 2409 BOXWOOD LANE, FERNANDINA BEACH FL 32034 |
Grant Dewbre | officer: Chief Operating Officer | 6410 WEST HOWARD STREET, NILES IL 60714 |
D Bryan Norwood | officer: Vice President, CFO | 6410 W HOWARD STREET, NILES IL 60714 |
Mark A Zorko | director | 9265 FAWN LAKE DR, RALEIGH NC 27617 |
Karl J Schmidt | officer: CFO and VP | 6410 W. HOWARD STREET, NILES IL 60714-3491 |
Wayne Bosch | officer: VP of HR | 41 PORTSHIRE DRIVE, LINCOLNSHIRE IL 60069 |
David J Mansfield | officer: President and CEO | 119 WIND RIDGE CIRCLE, THE WOODLANDS TX 77381 |
Gerald P Oconnor | officer: Interim CFO,Principal Accntng | P O BOX 3014, NAPERVILLE IL 60566-7014 |
Michael J Gade | director | 5501 HEADQUARTERS DRIVE, PLANO TX 75024 |
John Mark Foster | officer: Subsidiary President | 7720 N. LEHIGH AVENUE, NILES IL 60714 |
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