GURUFOCUS.COM » STOCK LIST » USA » NYSE » Becton, Dickinson and Co (NYSE:BDX) » Definitions » Interest Coverage
Switch to:

Becton, Dickinson and Co Interest Coverage

: 5.98 (As of Jun. 2022)
View and export this data going back to 1963. Start your Free Trial

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. Becton, Dickinson and Co's Operating Income for the three months ended in Jun. 2022 was $592 Mil. Becton, Dickinson and Co's Interest Expense for the three months ended in Jun. 2022 was $-99 Mil. Becton, Dickinson and Co's interest coverage for the quarter that ended in Jun. 2022 was 5.98. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Becton, Dickinson and Co's Interest Coverage or its related term are showing as below:

BDX' s Interest Coverage Range Over the Past 10 Years
Min: 3.17   Med: 4.8   Max: 11.9
Current: 7.61


BDX's Interest Coverage is ranked worse than
80.9% of 424 companies
in the Medical Devices & Instruments industry
Industry Median: 38.10 vs BDX: 7.61

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


Becton, Dickinson and Co Interest Coverage Historical Data

The historical data trend for Becton, Dickinson and Co'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.

Becton, Dickinson and Co Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.52 3.17 3.50 3.41 6.36

Becton, Dickinson and Co Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 4.49 8.93 8.67 6.74 5.98

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Becton, Dickinson and Co'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.

   

Becton, Dickinson and Co Interest Coverage Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Becton, Dickinson and Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Becton, Dickinson and Co's Interest Coverage falls into.



Becton, Dickinson and Co 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.

Becton, Dickinson and Co's Interest Coverage for the fiscal year that ended in Sep. 2021 is calculated as

Here, for the fiscal year that ended in Sep. 2021, Becton, Dickinson and Co's Interest Expense was $-469 Mil. Its Operating Income was $2,982 Mil. And its Long-Term Debt & Capital Lease Obligation was $17,110 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2021 )/Interest Expense (A: Sep. 2021 )
=-1*2982/-469
=6.36

Becton, Dickinson and Co's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Becton, Dickinson and Co's Interest Expense was $-99 Mil. Its Operating Income was $592 Mil. And its Long-Term Debt & Capital Lease Obligation was $14,683 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*592/-99
=5.98

* 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.


Becton, Dickinson and Co  (NYSE:BDX) 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 .


Becton, Dickinson and Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Becton, Dickinson and Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Becton, Dickinson and Co Business Description

Becton, Dickinson and Co logo
Address
1 Becton Drive, Franklin Lakes, NJ, USA, 07417-1880
Becton, Dickinson is the world's largest manufacturer and distributor of medical surgical products, such as needles, syringes, and sharps-disposal units. The company also manufactures diagnostic instruments and reagents, as well as flow cytometry and cell-imaging systems. BD Interventional (largely the former Bard business) accounts for 23% of revenue. International revenue accounts for 44% of the company's business.
Executives
Hickey David officer: EVP & President, Life Sciences BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Neal Shana Carol officer: Chief People Officer 9120 LOCKWOOD BOULEVARD MECHANICSVILLE VA 23116
Ezell Antoine C officer: EVP, President, NA & CMO BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Spoerel Thomas J officer: VP Controller & Chief Acct Off BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Brown William M director HARRIS CORPORATION 1025 W NASA BOULEVARD MELBOURNE FL 32919
Larson Betty D officer: EVP HR & CHRO C/O C. R. BARD, INC. 730 CENTRAL AVENUE MURRAY HILL NJ 07974
Khichi Samrat S. officer: EVP and General Counsel C/O CATALENT, INC. 14 SCHOOLHOUSE ROAD SOMERSET NJ 08873
Conroy Alexandre officer: EVP of Integrated Supply Chain BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Campion Simon D officer: EVP and Segment President BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Scott Bertram L director C/O BECTON DICKERSON & CO 1 BECTON DR FRANKLIN LAKES NJ 07417
Jones Christopher Ian Montague director 110, BANBURY ROAD OXFORD X0 OX2 6JU
Pomeroy Claire director BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Fraser Claire director C/O BECTON, DICKINSON AND COMPANY FRANKLIN LAKES NJ 07465
Melcher David F director 1650 TYSONS BOULEVARD SUITE 1700 MCLEAN VA 22102
Byington Carrie L director BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417

Becton, Dickinson and Co Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)