Stroeer SE KGaA (XTER:SAX) Interest Coverage : 2.35 (As of Dec. 2023)

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What is Stroeer SE KGaA 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. Stroeer SE KGaA's Operating Income for the three months ended in Dec. 2023 was €104 Mil. Stroeer SE KGaA's Interest Expense for the three months ended in Dec. 2023 was €-44 Mil. Stroeer SE KGaA's interest coverage for the quarter that ended in Dec. 2023 was 2.35. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Stroeer SE KGaA's Interest Coverage or its related term are showing as below:

XTER:SAX' s Interest Coverage Range Over the Past 10 Years
Min: 2.83 Med: 6.14 Max: 16.91
Current: 2.83

XTER:SAX's Interest Coverage is ranked worse than
77.87% of 610 companies
in the Media - Diversified industry
Industry Median: 11.915 vs XTER:SAX: 2.83

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

Stroeer SE KGaA Interest Coverage Historical Data

The historical data trend for Stroeer SE KGaA'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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Stroeer SE KGaA Interest Coverage Chart

Stroeer SE KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.92

4.09

6.88

8.00

3.57

Stroeer SE KGaA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															5.67	1.18	2.93	8.23	2.35

Competitive Comparison of Stroeer SE KGaA's Interest Coverage

For the Advertising Agencies subindustry, Stroeer SE KGaA'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.

Stroeer SE KGaA's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Stroeer SE KGaA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Stroeer SE KGaA's Interest Coverage falls into.

Stroeer SE KGaA 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.

Stroeer SE KGaA'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, Stroeer SE KGaA's Interest Expense was €-67 Mil. Its Operating Income was €239 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,323 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	238.555	/	-66.738
	=	3.57

Stroeer SE KGaA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Stroeer SE KGaA's Interest Expense was €-44 Mil. Its Operating Income was €104 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,323 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	104.259	/	-44.456
	=	2.35

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

Stroeer SE KGaA (XTER:SAX) 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 .

Stroeer SE KGaA Interest Coverage Related Terms

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

Stroeer SE KGaA (XTER:SAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Stroeer SE & Co KGaA (XTER:SAX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

SOTDY:USA 0MYZ:UK SAXB:Germany SAX:Germany SAX:Germany SAX:Germany

Address

Stroer-Allee 1, Cologne, NW, DEU, 50999

Website

https://www.stroeer.com

Stroeer SE & Co KGaA is a Germany-based holding company focused on promotional media services outside of the home. It operates in three main business segments, Out of Home (OOH) Media, Digital & Dialog Media, and DaaS & E-commerce. The OOH Media segment encompasses the Group's entire OOH advertising business, comprising the Classic OOH, Digital OOH, and OOH services product groups. Digital & Dialog Media segment provides solutions for online advertising in the context of proprietary and third-party content. The scalable products marketed on this basis range from branding and storytelling to performance, native advertising, and social media. Geographically, it generates the majority of its revenue from Germany.

Executives

Udo Müller

Board of Directors

Stroeer SE KGaA (XTER:SAX) Headlines

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