Paul Hartmann AG (FRA:PHH2) Interest Coverage : 3.56 (As of Dec. 2023)

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What is Paul Hartmann AG 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. Paul Hartmann AG's Operating Income for the six months ended in Dec. 2023 was €29 Mil. Paul Hartmann AG's Interest Expense for the six months ended in Dec. 2023 was €-8 Mil. Paul Hartmann AG's interest coverage for the quarter that ended in Dec. 2023 was 3.56. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Paul Hartmann AG's Interest Coverage or its related term are showing as below:

FRA:PHH2' s Interest Coverage Range Over the Past 10 Years
Min: 2.13 Med: 9.81 Max: 32.69
Current: 2.34

FRA:PHH2's Interest Coverage is ranked worse than
88.65% of 423 companies
in the Medical Devices & Instruments industry
Industry Median: 19.41 vs FRA:PHH2: 2.34

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

Paul Hartmann AG Interest Coverage Historical Data

The historical data trend for Paul Hartmann AG'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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Paul Hartmann AG Interest Coverage Chart

Paul Hartmann AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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8.66

27.03

32.69

6.08

2.13

Paul Hartmann AG 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															N/A	9.60	7.84	0.77	3.56

Competitive Comparison of Paul Hartmann AG's Interest Coverage

For the Medical Instruments & Supplies subindustry, Paul Hartmann AG'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.

Paul Hartmann AG's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Paul Hartmann AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Paul Hartmann AG's Interest Coverage falls into.

Paul Hartmann AG 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.

Paul Hartmann AG'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, Paul Hartmann AG's Interest Expense was €-16 Mil. Its Operating Income was €34 Mil. And its Long-Term Debt & Capital Lease Obligation was €204 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	33.903	/	-15.934
	=	2.13

Paul Hartmann AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Paul Hartmann AG's Interest Expense was €-8 Mil. Its Operating Income was €29 Mil. And its Long-Term Debt & Capital Lease Obligation was €204 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	29.044	/	-8.16
	=	3.56

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

Paul Hartmann AG (FRA:PHH2) 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 .

Paul Hartmann AG Interest Coverage Related Terms

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

Paul Hartmann AG (FRA:PHH2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Paul Hartmann AG (FRA:PHH2) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

PHH2:Germany

Address

Paul-Hartmann-Strasse 12, Heidenheim, DEU, 89522

Website

http://www.hartmann.info

Paul Hartmann AG engages in the production of medical and hygiene products. It operates through Wound Management, Incontinence Management and Infection Management and other segments. The Wound segment comprises wound dressing and treatment, compression therapy, first aid, immobilization, and diagnostics. The Incontinence segment provides incontinence hygiene, patient care, and medical skin care. The Infection segment consists of custom procedure trays, surgical draping systems, disposable surgical instruments, and disinfectants. The Other activities include activities in cotton-wool products, medical consumer goods and pharmaceutical products and others. All the activities are functioned through the region of US and derive revenue through the sale of medical and hygiene products.

Executives

Eduard Schleicher	Supervisory Board
Britta Fünfstück	Board of Directors

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