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Tronox Holdings Interest Coverage

: 6.79 (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. Tronox Holdings's Operating Income for the three months ended in Jun. 2022 was $190 Mil. Tronox Holdings's Interest Expense for the three months ended in Jun. 2022 was $-28 Mil. Tronox Holdings's interest coverage for the quarter that ended in Jun. 2022 was 6.79. The higher the ratio, the stronger the company's financial strength is.

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

TROX' s Interest Coverage Range Over the Past 10 Years
Min: 0.03   Med: 0.68   Max: 5.38
Current: 5.38


TROX's Interest Coverage is ranked worse than
80.92% of 1211 companies
in the Chemicals industry
Industry Median: 18.89 vs TROX: 5.38

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


Tronox Holdings Interest Coverage Historical Data

The historical data trend for Tronox Holdings'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.

Tronox Holdings 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 0.74 1.27 0.61 1.53 3.95

Tronox Holdings 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 4.17 4.54 5.83 4.81 6.79

Competitive Comparison

For the Chemicals subindustry, Tronox Holdings'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.

   

Tronox Holdings Interest Coverage Distribution

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

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



Tronox Holdings 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.

Tronox Holdings'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, Tronox Holdings's Interest Expense was $-146 Mil. Its Operating Income was $577 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,613 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*577/-146
=3.95

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

Here, for the three months ended in Jun. 2022, Tronox Holdings's Interest Expense was $-28 Mil. Its Operating Income was $190 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,507 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*190/-28
=6.79

* 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.


Tronox Holdings  (NYSE:TROX) 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 .


Tronox Holdings Interest Coverage Related Terms

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


Tronox Holdings Business Description

Tronox Holdings logo
Traded in Other Exchanges
Address
263 Tresser Boulevard, Suite 1100, Stamford, CT, USA, 06901
Tronox Holdings PLC mines, manufactures and sells titanium dioxide (TiO2) mineral sands and soda ash. The firm organizes itself into one reportable segment, TiO2. The TiO2 segment mines mineral sand deposits and products, TiO2 and titanium feedstock, which are used to produce primarily paints and coatings, as well as plastics, paper, and printing ink. Tronox has three pigment production facilities in the United States, the Netherlands, and Western Australia and three mining operations in Western Australia and South Africa. North America, Europe, Middle East, and Africa, and Asia-Pacific regions contribute the vast majority of revenue.
Executives
Flood Jonathan officer: Principal Accounting Officer 263 TRESSER BLVD., SUITE 1100 STAMFORD CT 06901
Srivisal John officer: SVP, Business Dev. and Finance C/O TRONOX HOLDINGS PLC 263 TRESSER BOULEVARD, SUITE 1100 STAMFORD CT 06901
Mancini Raoul Charles officer: SVP, Chief HR Officer 410 PARK AVE.; SUITE 1400 NEW YORK NY 10022
National Titanium Dioxide Co Ltd 10 percent owner SARI STREET, AL RABWAH DISTRICT 4284 JEDDAH T0 23446-6762
Cristal Inorganic Chemicals Netherlands Cooperatief W.a. director, 10 percent owner, other: Director by Deputization* WORLD TRADE CENTER, TOWER C 15TH FLOOR, STRAWINSKYLAAN 1543 AMSTERDAM P7 1077 XX
National Industrialization Co Ltd. 10 percent owner BUSINESS GATE, BLDG. C3 AIRPORT ROAD, P.O. BOX 26707 RIYADH T0 11496
Al-morished Mutlaq Hamad director 263 TRESSER BLVD., SUITE 1100 STAMFORD CT 06901
Khan Moazzam A. director 263 TRESSER BLVD., SUITE 1100 STAMFORD CT 06901
Jones Stephen J director 7201 HAMILTON BOULEVARD ALLENTOWN PA 18195-1501
Guthrie Vanessa Ann director 263 TRESSER BLVD., SUITE 1100 STAMFORD CT 06901
Neuman Jeffrey N officer: SVP, General Counsel & Sec. 115 TABOR ROAD MORRIS PLAINS NJ 07950
Jones Ginger M director 55 JEWELERS PARK DRIVE NEENAH WI 54956
Loughran Robert officer: VP, Corporate Controller C/O AVON PRODUCTS, INC. 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105-0196
Khilnani Jogita officer: SVP & Corporate Controller 263 TRESSER BOULEVARD, SUITE 1100 STAMFORD CT 06901
Carlson Timothy C officer: Senior Vice President, CFO 263 TRESSER BOULEVARD SUITE 1100 STAMFORD CT 06901

Tronox Holdings Headlines

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