Gibraltar Industries (Gibraltar Industries) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Gibraltar Industries 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. Gibraltar Industries's Operating Income for the three months ended in Dec. 2023 was $29 Mil. Gibraltar Industries's Interest Expense for the three months ended in Dec. 2023 was $0 Mil. did not have earnings to cover the interest expense. 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. Gibraltar Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Gibraltar Industries's Interest Coverage or its related term are showing as below:

ROCK' s Interest Coverage Range Over the Past 10 Years
Min: 2.6 Med: 19.94 Max: 152.48
Current: 51.47

ROCK's Interest Coverage is ranked better than
78.91% of 1261 companies
in the Construction industry
Industry Median: 7.08 vs ROCK: 51.47

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

Gibraltar Industries Interest Coverage Historical Data

The historical data trend for Gibraltar Industries'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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Gibraltar Industries Interest Coverage Chart

Gibraltar Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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34.79

152.48

64.24

32.15

51.47

Gibraltar Industries 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															11.50	19.70	32.93	127.55	-

Competitive Comparison of Gibraltar Industries's Interest Coverage

For the Building Products & Equipment subindustry, Gibraltar Industries'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.

Gibraltar Industries's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Gibraltar Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Gibraltar Industries's Interest Coverage falls into.

Gibraltar Industries 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.

Gibraltar Industries'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, Gibraltar Industries's Interest Expense was $-3 Mil. Its Operating Income was $155 Mil. And its Long-Term Debt & Capital Lease Obligation was $36 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	154.526	/	-3.002
	=	51.47

Gibraltar Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Gibraltar Industries's Interest Expense was $0 Mil. Its Operating Income was $29 Mil. And its Long-Term Debt & Capital Lease Obligation was $36 Mil.

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

Gibraltar Industries (NAS:ROCK) 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 .

Gibraltar Industries Interest Coverage Related Terms

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

Gibraltar Industries (Gibraltar Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Gibraltar Industries Inc (NAS:ROCK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GI2:Germany

Address

3556 Lake Shore Road, P.O. Box 2028, Buffalo, NY, USA, 14219-0228

Website

https://www.gibraltar1.com

Gibraltar Industries Inc is a manufacturer and provider of products and services for the Renewable energy, Residential, Agtech and Infrastructure markets. Renewables Segment is engaged in the design, engineering, manufacturing and installation of solar racking and electrical balance of systems. Agtech Segment provides growing and processing solutions including the designing, engineering, manufacturing, full-scope construction, maintenance and support of greenhouses and indoor growing operations, and botanical extraction systems. It derives key revenue from the Residential segment which offers roof and foundation ventilation products, single point and centralized mail systems and electronic package solutions and Retractable awnings and gutter guards, among other products.

Executives

James B Nish	director	3556 LAKESHORE RD., BLASDELL NY 14219
Janet Anne Catlett	officer: VP, CHRO	22 WEST FRONTAGE ROAD, NORTHFIELD IL 60093
Linda Kristine Myers	director	3556 LAKE SHORE ROAD, P.O. BOX 2028, BUFFALO NY 14219
Katherine Bolanowski	officer: General Counsel, VP, Secretary	3556 LAKE SHORE ROAD, BUFFALO NY 14219
Patrick Burns	officer: Chief Operating Officer	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Jeffrey J. Watorek	officer: VP, Treasurer, Secretary	3556 LAKESHORE ROAD, BLASDELL NY 14219
Elizabeth Jensen	officer: Chief Human Resources Officer	5928 HIGHLAND HILLS CIRCLE, FORT COLLINS CO 80528
Gwendolyn G Mizell	director	800 S HANLEY SUITE 8D, CLAYTON MO 63105
Manish H Shah	director	9618 BOUCHAINE PASS, BRENTWOOD TN 37027
Mark G Barberio	director	19 WIK STREET, WILLIAMSVILLE NY 14221
Vinod M Khilnani	director	905 WEST BLVD NORTH, ELKHART IN 46514
Sharon M Brady	director	3600 W. LAKE AVENUE, GLENVIEW IL 60026
William P Montague	director
Atlee Valentine Pope	director	3556 LAKE SHORE ROAD, P.O. BOX 2028, BUFFALO NY 14219
Craig A Hindman	director	ILLINOIS TOOL WORKS INC., 3600 WEST LAKE AVENUE, GLENVIEW IL 60026