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Buzzi Unicem SpA Interest Coverage

: 14.13 (As of Dec. 2021)
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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. Buzzi Unicem SpA's Operating Income for the six months ended in Dec. 2021 was €311 Mil. Buzzi Unicem SpA's Interest Expense for the six months ended in Dec. 2021 was €-22 Mil. Buzzi Unicem SpA's interest coverage for the quarter that ended in Dec. 2021 was 14.13. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Buzzi Unicem SpA's Interest Coverage or its related term are showing as below:

MIL:BZU' s Interest Coverage Range Over the Past 10 Years
Min: 1.67   Med: 3.62   Max: 12.78
Current: 12.78


MIL:BZU's Interest Coverage is ranked better than
54.6% of 315 companies
in the Building Materials industry
Industry Median: 10.47 vs MIL:BZU: 12.78

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


Buzzi Unicem SpA Interest Coverage Historical Data

The historical data trend for Buzzi Unicem SpA'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.

* Premium members only.

Buzzi Unicem SpA Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.91 4.66 7.74 9.85 12.78

Buzzi Unicem SpA Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.92 7.75 11.54 11.27 14.13

Competitive Comparison

For the Building Materials subindustry, Buzzi Unicem SpA'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.

   

Buzzi Unicem SpA Interest Coverage Distribution

For the Building Materials industry and Basic Materials sector, Buzzi Unicem SpA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Buzzi Unicem SpA's Interest Coverage falls into.



Buzzi Unicem SpA 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.


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

Buzzi Unicem SpA's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Buzzi Unicem SpA's Interest Expense was €-42 Mil. Its Operating Income was €534 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,044 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*534.06/-41.803
=12.78

Buzzi Unicem SpA's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Here, for the six months ended in Dec. 2021, Buzzi Unicem SpA's Interest Expense was €-22 Mil. Its Operating Income was €311 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,044 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2021 )/Interest Expense (Q: Dec. 2021 )
=-1*310.504/-21.972
=14.13

* 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.


Buzzi Unicem SpA  (MIL:BZU) 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 .


Buzzi Unicem SpA Interest Coverage Related Terms

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


Buzzi Unicem SpA Business Description

Buzzi Unicem SpA logo
Address
Via Luigi Buzzi, 6, Casale Monferrato, ITA, 15033
Buzzi Unicem SpA manufactures and sells cement, ready-mix concrete, and aggregates. The company operates in two segments by product: cement and concrete/aggregates. The cement segment generates the majority of revenue, sells cement and cement-related products to the construction and building industries. The concrete and aggregates segment sells concrete and aggregates from hundreds of firm-owned concrete batch plants and aggregate quarries. The vast majority of Buzzi Unicem's revenue comes from Europe and North America.

Buzzi Unicem SpA Headlines

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