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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. Corporate Travel Management's Operating Income for the six months ended in Dec. 2023 was €35.0 Mil. Corporate Travel Management's Interest Expense for the six months ended in Dec. 2023 was €-0.7 Mil. Corporate Travel Management's interest coverage for the quarter that ended in Dec. 2023 was 48.05. The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Corporate Travel Management Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Corporate Travel Management'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 Corporate Travel Management'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.
Corporate Travel Management Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial |
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43.76 | - | - | - | 95.97 |
Corporate Travel Management Semi-Annual Data | ||||||||||||||||||||
Jun14 | Dec14 | Jun15 | Dec15 | Jun16 | Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Interest Coverage | Get a 7-Day Free Trial |
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- | - | 11.22 | - | 48.05 |
For the Travel Services subindustry, Corporate Travel Management'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 Travel & Leisure industry and Consumer Cyclical sector, Corporate Travel Management's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Corporate Travel Management'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.
Corporate Travel Management's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as
Here, for the fiscal year that ended in Jun. 2023, Corporate Travel Management's Interest Expense was €-0.6 Mil. Its Operating Income was €60.3 Mil. And its Long-Term Debt & Capital Lease Obligation was €17.5 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Jun. 2023 ) | / | Interest Expense (A: Jun. 2023 ) |
= | -1 | * | 60.268 | / | -0.628 | |
= | 95.97 |
Corporate Travel Management's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the six months ended in Dec. 2023, Corporate Travel Management's Interest Expense was €-0.7 Mil. Its Operating Income was €35.0 Mil. And its Long-Term Debt & Capital Lease Obligation was €19.0 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 35.027 | / | -0.729 | |
= | 48.05 |
* 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.
Corporate Travel Management (STU:1C6) 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 Corporate Travel Management's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
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