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. 2021 was $95 Mil. MasTec's Interest Expense for the
three
months ended in Jun. 2021 was $-14 Mil.
MasTec's interest coverage for the quarter that ended in Jun. 2021 was 6.87.
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:
NYSE:MTZ'
s Interest Coverage Range Over the Past 10 Years
Min: 1.07 Med: 6.27 Max: 9.37
Current: 9.37
1.07
-
9.37
NYSE:MTZ's Interest Coverage is ranked lower than
95% of the 58
Companies
in the Construction industry.
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
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Interest Coverage
5.25
6.53
5.69
7.50
7.26
MasTec Quarterly Data
Sep16
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Interest Coverage
5.07
11.99
10.61
7.86
6.87
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:
* 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.
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 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, Electrical Transmission, Clean Energy and Infrastructure, and Other. 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.
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