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Sypris Solutions (Sypris Solutions) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Sypris Solutions 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. Sypris Solutions's Operating Income for the three months ended in Dec. 2023 was $-0.3 Mil. Sypris Solutions's Interest Expense for the three months ended in Dec. 2023 was $-0.2 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

SYPR' s Interest Coverage Range Over the Past 10 Years
Min: 0.11   Med: 1.25   Max: 4.41
Current: 1.25


SYPR's Interest Coverage is ranked worse than
91.08% of 1031 companies
in the Vehicles & Parts industry
Industry Median: 7.72 vs SYPR: 1.25

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


Sypris Solutions Interest Coverage Historical Data

The historical data trend for Sypris Solutions'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.

* Premium members only.

Sypris Solutions Interest Coverage Chart

Sypris Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.11 2.20 0.33 1.25

Sypris Solutions 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 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 2.47 1.84 5.43 - -

Competitive Comparison of Sypris Solutions's Interest Coverage

For the Auto Parts subindustry, Sypris Solutions'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.


Sypris Solutions's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sypris Solutions's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sypris Solutions's Interest Coverage falls into.



Sypris Solutions 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.

Sypris Solutions'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, Sypris Solutions's Interest Expense was $-0.8 Mil. Its Operating Income was $1.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $12.3 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*0.969/-0.777
=1.25

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

Here, for the three months ended in Dec. 2023, Sypris Solutions's Interest Expense was $-0.2 Mil. Its Operating Income was $-0.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $12.3 Mil.

Sypris Solutions did not have earnings to cover the interest expense.

* 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.


Sypris Solutions  (NAS:SYPR) 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 .


Sypris Solutions Interest Coverage Related Terms

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


Sypris Solutions (Sypris Solutions) Business Description

Traded in Other Exchanges
N/A
Address
101 Bullitt Lane, Suite 450, Louisville, KY, USA, 40222
Sypris Solutions Inc is a us based company engaged in providing outsourced services and specialty products. It offers a range of manufacturing, engineering, design and other technical services. Business activity of the firm is functioned through Sypris Technologies and Sypris Electronics segments. Sypris Technologies segment is engaged in the sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets whereas the Sypris Electronics segment is engaged in the sale of manufacturing services, technical services, and products to customers in the market for aerospace and defense electronics. Sypris derives most of the revenue from Technologies segment.
Executives
Richard L Davis officer: Senior Vice President 101 BULLITT LN., STE. 450, LOUISVILLE KY 40222
Rebecca R Eckert officer: Principal Accounting Officer, other: Controller 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Anthony C Allen officer: VP of Finance & IT/Asst. Sec. 101 BULLITT LN., STE. 450, LOUISVILLE KY 40222
Jeffrey T Gill director, 10 percent owner, officer: President & CEO 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Gary L Convis director 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
William G Ferko director 7419 CEDAR BLUFF CT, PROSPECT KY 40059
Stephen W Straub officer: Vice President Operations 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Robert E Gill director, 10 percent owner, officer: Chairman 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Robert F Lentz director 1311 VIA TOSCANA WAY, SUN CITY CENTER FL 33573
Paul G Larochelle other: VP and Pres. of Subsidiary 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Brian A. Lutes officer: VP & CFO 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
John James Walsh other: President of Subsidiary 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
French Mitchel Glen Jr officer: Principal Accounting Officer, other: Controller 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
De Carvalho Sergio L other: VP and Pres. of Subsidiary 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Petersen Sidney R/ca director 150 N. ORANGE GROVE BLVD, PASADENA CA 91103