GURUFOCUS.COM » STOCK LIST » USA » NYSE » MasTec Inc (NYSE:MTZ) » Definitions » Interest Coverage
Switch to:

MasTec Interest Coverage

: 1.30 (As of Jun. 2022)
View and export this data going back to 1972. 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. MasTec's Operating Income for the three months ended in Jun. 2022 was $25 Mil. MasTec's Interest Expense for the three months ended in Jun. 2022 was $-19 Mil. MasTec's interest coverage for the quarter that ended in Jun. 2022 was 1.30. The higher the ratio, the stronger the company's financial strength is.

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

MTZ' s Interest Coverage Range Over the Past 10 Years
Min: 1.07   Med: 7.04   Max: 8.15
Current: 3.41


MTZ's Interest Coverage is ranked worse than
72.17% of 1247 companies
in the Construction industry
Industry Median: 10.47 vs MTZ: 3.41

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


MasTec Interest Coverage Historical Data

The historical data trend for MasTec'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.

MasTec Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.53 5.69 7.67 7.54 7.79

MasTec 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 7.12 10.44 6.17 - 1.30

Competitive Comparison

For the Engineering & Construction subindustry, MasTec'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.

   

MasTec Interest Coverage Distribution

For the Construction industry and Industrials sector, MasTec's Interest Coverage distribution charts can be found below:

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



MasTec 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.

MasTec's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, MasTec's Interest Expense was $-53 Mil. Its Operating Income was $416 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,053 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*416.25/-53.413
=7.79

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

Here, for the three months ended in Jun. 2022, MasTec's Interest Expense was $-19 Mil. Its Operating Income was $25 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,295 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*25.222/-19.387
=1.30

* 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.


MasTec  (NYSE:MTZ) 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 .


MasTec Interest Coverage Related Terms

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


MasTec Business Description

MasTec logo
Traded in Other Exchanges
Address
800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Power Delivery, Clean Energy and Infrastructure, and Others. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.
Executives
Parker Ava L director 1469 HARRINGTON PARK DRIVE JACKSONVILLE FL 32225
Palomarez Javier Alberto director 3405 PINNEY POINT DRIVE FLOWER MOUND TX 75022
Pita George officer: CFO 3000 NW 107TH AVENUE MIAMI FL 33172
Restrepo Daniel A director C/O MASTEC, INC. 800 S. DOUGLAS RD., 12TH FLOOR CORAL GABLES FL 33134
Harris Ray officer: President 800 DOUGLAS ROAD 12TH FLOOR - MASTEC CORAL GABLES FL 33134
Apple Robert E officer: Chief Operations Officer 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cardenas Alberto I officer: Executive Vice President 800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES X1 33134
Csiszar Ernst N director 2600 S RIVER ROAD DES PLAINES IL 60018
Floerke Gregory Scott officer: Chief Operations Officer C/O MARKWEST ENERGY PARTNERS, L.P. 1515 ARAPAHOE STREET, TOWER 1, SUITE 160 DENVER CO 80202
Dwyer Robert J director 880 SOUTH OCEAN BOULEVARD PALM BEACH FL 33480
Campbell C Robert officer: EVP & CFO 800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cespedes Carlos M director 3075 NW 107TH AVE MIAMI FL 33172
Jaumot Frank E director 190 SE 19TH AVENUE POMPANO BEACH FL 33060
Nearing Michael officer: General Counsel and EVP 800 DOUGLAS ROAD 12TH FL CORAL GABLES FL 33134
Hudson Sherrill W director 201 SOUTH BISCAYNE BOULEVARD 34TH FLOOR, MIAMI CENTER MIAMI FL 33131

MasTec 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)