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Taylor Devices Interest Coverage

: No Debt (As of Aug. 2020)
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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. Taylor Devices's Operating Income for the three months ended in Aug. 2020 was $0.19 Mil. Taylor Devices's Interest Expense for the three months ended in Aug. 2020 was $0.00 Mil. Taylor Devices has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies interest coverage is at least 5. Taylor Devices Inc has enough cash to cover all of its debt. Its financial situation is stable.

NAS:TAYD' s Interest Coverage Range Over the Past 10 Years
Min: 77.04   Med: No Debt   Max: No Debt
Current: No Debt

77.04
No Debt

NAS:TAYD's Interest Coverage is ranked higher than
100% of the 1893 Companies
in the Industrial Products industry.

( Industry Median: 12.26 vs. NAS:TAYD: 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.


Taylor Devices Interest Coverage Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Taylor Devices Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Taylor Devices Quarterly Data
Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison
* 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.


Taylor Devices Interest Coverage Distribution

* The bar in red indicates where Taylor Devices's Interest Coverage falls into.



Taylor Devices 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.

Taylor Devices's Interest Coverage for the fiscal year that ended in May. 2020 is calculated as

Here, for the fiscal year that ended in May. 2020, Taylor Devices's Interest Expense was $0.00 Mil. Its Operating Income was $3.30 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Taylor Devices had no debt.

Taylor Devices's Interest Coverage for the quarter that ended in Aug. 2020 is calculated as

Here, for the three months ended in Aug. 2020, Taylor Devices's Interest Expense was $0.00 Mil. Its Operating Income was $0.19 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Taylor Devices had no debt.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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


Taylor Devices  (NAS:TAYD) 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 .


Taylor Devices Interest Coverage Related Terms


Taylor Devices Interest Coverage Headlines

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