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Polyus PJSC (Polyus PJSC) Interest Coverage : 7.20 (As of Dec. 2023)


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What is Polyus PJSC Interest Coverage?

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. Polyus PJSC's Operating Income for the six months ended in Dec. 2023 was $1,887 Mil. Polyus PJSC's Interest Expense for the six months ended in Dec. 2023 was $-262 Mil. Polyus PJSC's interest coverage for the quarter that ended in Dec. 2023 was 7.20. The higher the ratio, the stronger the company's financial strength is.

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

OPYGY' s Interest Coverage Range Over the Past 10 Years
Min: 4.49   Med: 8.67   Max: 21.45
Current: 8.76


OPYGY's Interest Coverage is ranked worse than
81.01% of 1343 companies
in the Metals & Mining industry
Industry Median: No Debt vs OPYGY: 8.76

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


Polyus PJSC Interest Coverage Historical Data

The historical data trend for Polyus PJSC'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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Polyus PJSC Interest Coverage Chart

Polyus PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.28 13.33 15.10 8.46 8.88

Polyus PJSC Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage Get a 7-Day Free Trial 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 16.63 9.46 7.54 12.91 7.20

Competitive Comparison of Polyus PJSC's Interest Coverage

For the Gold subindustry, Polyus PJSC'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.


Polyus PJSC's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Polyus PJSC's Interest Coverage distribution charts can be found below:

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



Polyus PJSC 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 (1).


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

Polyus PJSC's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Polyus PJSC's Interest Expense was $-371 Mil. Its Operating Income was $3,294 Mil. And its Long-Term Debt & Capital Lease Obligation was $8,004 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*3294/-371
=8.88

Polyus PJSC's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Polyus PJSC's Interest Expense was $-262 Mil. Its Operating Income was $1,887 Mil. And its Long-Term Debt & Capital Lease Obligation was $8,004 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*1887/-262
=7.20

* 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.


Polyus PJSC  (OTCPK:OPYGY) 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 .


Polyus PJSC Interest Coverage Related Terms

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


Polyus PJSC (Polyus PJSC) Business Description

Traded in Other Exchanges
Address
Krasina Street, 3 Building 1, Cab 801, Moscow, RUS, 123056
Polyus PJSC and its subsidiaries are engaged in the extraction, refining, and sale of gold. The mining and processing facilities of the company are in the Krasnoyarsk, Irkutsk, Magadan regions, and the Sakha Republic of the Russian Federation. The company is also engaged in the exploration, construction, and research activities to maintain its operations. The operating business segments are the Olimpiada business unit, the Blagodatnoye business unit, the Natalka business unit, the Verninskoye business unit, the Kuranakh business unit, Alluvials business unit, Exploration business unit, Sukhoi Log business unit, and Unallocated.

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