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D.R. Horton Interest Coverage

: N/A (As of Jun. 2022)
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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. D.R. Horton's Operating Income for the three months ended in Jun. 2022 was $2,168 Mil. D.R. Horton's Interest Expense for the three months ended in Jun. 2022 was $0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for D.R. Horton's Interest Coverage or its related term are showing as below:


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


D.R. Horton Interest Coverage Historical Data

The historical data trend for D.R. Horton'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.

D.R. Horton 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 N/A N/A N/A N/A N/A

D.R. Horton 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 N/A N/A N/A N/A N/A

Competitive Comparison

For the Residential Construction subindustry, D.R. Horton'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.

   

D.R. Horton Interest Coverage Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's Interest Coverage distribution charts can be found below:

* The bar in red indicates where D.R. Horton's Interest Coverage falls into.



D.R. Horton 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.

D.R. Horton'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, D.R. Horton's Interest Expense was $0 Mil. Its Operating Income was $5,319 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,449 Mil.

GuruFocus does not calculate D.R. Horton's interest coverage with the available data.

D.R. Horton's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, D.R. Horton's Interest Expense was $0 Mil. Its Operating Income was $2,168 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,019 Mil.

GuruFocus does not calculate D.R. Horton's interest coverage with the available data.

* 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.


D.R. Horton  (NYSE:DHI) 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 .


D.R. Horton Interest Coverage Related Terms

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


D.R. Horton Business Description

D.R. Horton logo
Address
1341 Horton Circle, Arlington, TX, USA, 76011
D.R. Horton is a leading homebuilder in the United States with operations in 98 markets across 31 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.
Executives
Romanowski Paul J officer: EVP and COO 1341 HORTON CIRCLE ARLINGTON TX 76011
Carson Benjamin Sr director PO BOX 3599 BATTLE CREEK MI 49016-3599
Miller Maribess L director 2711 N. HASKELL AVENUE SUITE 2300 DALLAS TX 75204
Odom Aron M. officer: VP, Controller and PAO 1341 HORTON CIRCLE ARLINGTON TX 76011
Murray Michael J officer: EVP and COO 1361 HORTON CIRCLE ARLINGTON TX 76011
Allen Barbara K director 1361 HORTON CIRCLE ARLINGTON TX 76011
Auld David V officer: EVP and COO 1361 HORTON CIRCLE ARLINGTON TX 76011
Buchanan Michael R director 1341 HORTON CIRCLE ARLINGTON TX 76011
Hewatt Michael W director 1361 HORTON CIRCLE ARLINGTON TX 76011
Anderson Bradley S director 1361 HORTON CIRCLE ARLINGTON TX 76011
Dwyer Stacey officer: EVP and Treasurer 301 COMMERCE STREET SUITE 500 FORT WORTH TX 76102
Horton Donald R director, officer: Chairman 1361 HORTON CIRCLE ARLINGTON TX 76011
Wheat Bill W director, officer: EVP and CFO 1361 HORTON CIRCLE ARLINGTON TX 76011
Tomnitz Donald J director, officer: President and CEO 2221 E. LAMAR BLVD. SUITE 790 ARLINGTON TX 76006
Scott Bobby G director 301 COMMERCE STREET SUITE 500 FORT WORTH TX 76102

D.R. Horton Headlines

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