DuPont de Nemours (DuPont de Nemours) Interest Coverage

: 3.87 (As of Dec. 2023)

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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. DuPont de Nemours's Operating Income for the three months ended in Dec. 2023 was $391 Mil. DuPont de Nemours's Interest Expense for the three months ended in Dec. 2023 was $-101 Mil. DuPont de Nemours's interest coverage for the quarter that ended in Dec. 2023 was 3.87. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for DuPont de Nemours's Interest Coverage or its related term are showing as below:

DD' s Interest Coverage Range Over the Past 10 Years
Min: 2.69 Med: 4.31 Max: 39.09
Current: 4.31

DD's Interest Coverage is ranked worse than
71.26% of 1190 companies
in the Chemicals industry
Industry Median: 9.785 vs DD: 4.31

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

DuPont de Nemours Interest Coverage Historical Data

The historical data trend for DuPont de Nemours'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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DuPont de Nemours Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.94

2.69

3.62

4.17

4.31

DuPont de Nemours 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															3.94	4.43	4.44	4.52	3.87

Competitive Comparison

For the Specialty Chemicals subindustry, DuPont de Nemours'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.

DuPont de Nemours Interest Coverage Distribution

For the Chemicals industry and Basic Materials sector, DuPont de Nemours's Interest Coverage distribution charts can be found below:

* The bar in red indicates where DuPont de Nemours's Interest Coverage falls into.

DuPont de Nemours 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.

DuPont de Nemours'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, DuPont de Nemours's Interest Expense was $-396 Mil. Its Operating Income was $1,708 Mil. And its Long-Term Debt & Capital Lease Obligation was $7,741 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1708	/	-396
	=	4.31

DuPont de Nemours's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, DuPont de Nemours's Interest Expense was $-101 Mil. Its Operating Income was $391 Mil. And its Long-Term Debt & Capital Lease Obligation was $7,741 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	391	/	-101
	=	3.87

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

DuPont de Nemours (NYSE:DD) 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 .

DuPont de Nemours Interest Coverage Related Terms

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

DuPont de Nemours (DuPont de Nemours) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DuPont de Nemours Inc (NYSE:DD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DD:Mexico 1DD:Italy 6D8:Germany 6D81:Germany 6D81:Germany DDNB34:Brazil DD:Argentina

Address

974 Centre Road, Building 730, Wilmington, DE, USA, 19805

Website

https://www.dupont.com

DuPont is a diversified global specialty chemicals company created in 2019 as a result of the DowDuPont merger and subsequent separations. Its portfolio includes specialty chemicals and downstream products that serve the electronics and communication, automotive, construction, safety and protection, and water management industries. DuPont benefits from the ability to produce patented specialty chemicals that command pricing power. Noteworthy products include Kevlar, Tyvek, and Nomex, which have evolved over time to enable a wide range of applications across multiple industries.

Executives

Raj Ratnakar	officer: SVP & Chief Strategy Officer	C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203
Jon D. Kemp	officer: President, Electronics & Indus	974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805
Michael G. Goss	officer: Controller	974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805
Kristina M Johnson	director	19 HEATH PL, DURHAM NC 27705
Amy G. Brady	director	127 PUBLIC SQUARE, CLEVELAND OH 44114
Deanna Mulligan	director	7 HANOVER SQUARE, NEW YORK NY 10004
Du Pont Eleuthere I	director	1007 MARKET STREET, WILMINGTON DE 19810
Raymond J Milchovich	director	C/O FOSTER WHEELER LTD, PERRYVILLE CORP PARK, CLINTON NJ 08809-4000
Kissam Luther C Iv	director	3801 BERESFORD ROAD, CHARLOTTE NC 28211
Ruby R Chandy	director	630 DUNDEE ROAD, SUITE 400, NORTHBROOK IL 60062
Frederick M. Lowery	director	974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805
Steven Sterin	director	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Terrence R Curtin	director	C/O TYCO ELECTRONICS LTD., 1050 WESTLAKES DRIVE, BERWYN PA 19312
Alexander M Cutler	director	EATON CENTER, 1111 SUPERIOR AVENUE, CLEVELAND OH 44114
Leland Weaver	officer: President, Water & Protection	974 CENTRE ROAD, CRP 730, 5216, WILMINGTON DE 19805