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Envision Healthcare Interest Coverage

: 2.41 (As of Jun. 2018)
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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 (EBIT) by its Interest Expense. Envision Healthcare's Operating Income for the three months ended in Jun. 2018 was $162 Mil. Envision Healthcare's Interest Expense for the three months ended in Jun. 2018 was $-67 Mil. Envision Healthcare's interest coverage for the quarter that ended in Jun. 2018 was 2.41. The higher the ratio, the stronger the company's financial strength is.


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


Envision Healthcare 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.

Envision Healthcare Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.08 4.61 4.65 3.95 2.90

Envision Healthcare Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 3.48 2.89 2.39 2.41 2.41

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.


Envision Healthcare Interest Coverage Distribution

* The bar in red indicates where Envision Healthcare's Interest Coverage falls into.



Envision Healthcare 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.

Envision Healthcare's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, Envision Healthcare's Interest Expense was $-231 Mil. Its Operating Income was $670 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,263 Mil.

Interest Coverage=-1*Operating Income (A: Dec. 2017 )/Interest Expense (A: Dec. 2017 )
=-1*669.7/-231.1
=2.90

Envision Healthcare's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Here, for the three months ended in Jun. 2018, Envision Healthcare's Interest Expense was $-67 Mil. Its Operating Income was $162 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,614 Mil.

Interest Coverage=-1*Operating Income (Q: Jun. 2018 )/Interest Expense (Q: Jun. 2018 )
=-1*162.4/-67.4
=2.41

* 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.


Envision Healthcare  (NYSE:EVHC) 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 .


Envision Healthcare Interest Coverage Related Terms


Envision Healthcare Interest Coverage Headlines

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