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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. Coty's Operating Income for the three months ended in Jun. 2023 was $128 Mil. Coty's Interest Expense for the three months ended in Jun. 2023 was $-73 Mil. Coty's interest coverage for the quarter that ended in Jun. 2023 was 1.74. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Coty'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 Coty'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.
For the Household & Personal Products subindustry, Coty'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 Consumer Packaged Goods industry and Consumer Defensive sector, Coty's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Coty's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.
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. |
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Coty'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, Coty's Interest Expense was $-261 Mil. Its Operating Income was $537 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,426 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Jun. 2023 ) | / | Interest Expense (A: Jun. 2023 ) |
= | -1 | * | 537.2 | / | -261.1 | |
= | 2.06 |
Coty's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as
Here, for the three months ended in Jun. 2023, Coty's Interest Expense was $-73 Mil. Its Operating Income was $128 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,426 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2023 ) | / | Interest Expense (Q: Jun. 2023 ) |
= | -1 | * | 127.9 | / | -73.3 | |
= | 1.74 |
* 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.
Coty (NYSE:COTY) 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 Coty's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Priya Srinivasan | officer: Chief People & Purpose Officer | 350 FIFTH AVENUE, NEW YORK NY 10118 |
Rochet Lubomira | director | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Laurent Mercier | officer: Chief Financial Officer | 350 FIFTH AVENUE, NEW YORK NY 10118 |
Anna Adeola Makanju | director | 350 FIFTH AVENUE, NEW YORK NY 10118 |
Maria Asunicion Aramburuzabala | director | PASEO DE LOS TAMARINDOS 400, TORRE B PISO 25, MEXICO DF O5 0000 |
Johannes P Huth | director | |
Sue Nabi | director, officer: Chief Executive Officer | 350 FIFTH AVENUE, NEW YORK NY 10118 |
Bayern Anna Von | officer: Chief Corp. Affairs Officer | 350 FIFTH AVENUE, NEW YORK NY 10118 |
Nancy G. Ford | director | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
George R Roberts | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 2800 SAND HILL ROAD, MENLO PARK CA 94025 |
Kkr Rainbow Aggregator L.p. | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
Kkr Rainbow Aggregator Gp Llc | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
Kkr Europe V S.a R.l. | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
Kkr Associates Europe V Scsp | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
Kkr Europe V Holdings Ltd | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
From GuruFocus
By Business Wire 12-21-2022
By Business Wire 03-01-2023
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