Boliden AB (Boliden AB) Interest Coverage

: 12.27 (As of Dec. 2023)

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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. Boliden AB's Operating Income for the three months ended in Dec. 2023 was $162 Mil. Boliden AB's Interest Expense for the three months ended in Dec. 2023 was $-13 Mil. Boliden AB's interest coverage for the quarter that ended in Dec. 2023 was 12.27. The higher the ratio, the stronger the company's financial strength is.

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

BLIDF' s Interest Coverage Range Over the Past 10 Years
Min: 9.4 Med: 33.8 Max: 95.08
Current: 9.4

BLIDF's Interest Coverage is ranked worse than
80.21% of 1344 companies
in the Metals & Mining industry
Industry Median: No Debt vs BLIDF: 9.40

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

Boliden AB Interest Coverage Historical Data

The historical data trend for Boliden AB'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.

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Boliden AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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30.32

38.01

95.08

48.47

9.41

Boliden AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															91.56	16.38	3.65	7.59	12.27

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Boliden AB'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.

Boliden AB Interest Coverage Distribution

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

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

Boliden AB 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.

Boliden AB'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, Boliden AB's Interest Expense was $-81 Mil. Its Operating Income was $765 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,128 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	765.189	/	-81.306
	=	9.41

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

Here, for the three months ended in Dec. 2023, Boliden AB's Interest Expense was $-13 Mil. Its Operating Income was $162 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,128 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	161.539	/	-13.161
	=	12.27

The higher the ratio, the stronger the company's Financial Strength is.

Boliden AB (OTCPK:BLIDF) 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 .

Boliden AB Interest Coverage Related Terms

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

Boliden AB (Boliden AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Boliden AB (OTCPK:BLIDF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BDNNY:USA BOL:Sweden BOLs:UK 0YAL:UK BWJ:Germany

Address

Klarabergsviadukten 90, P.O. Box 44, Stockholm, SWE, SE-101 20

Website

https://www.boliden.com

Boliden AB operates six mining areas and five smelters in Sweden, Norway, Finland, and Ireland. The company primarily processes zinc, copper, gold, lead, and silver and is engaged in exploration, mining, smelting, and metals recycling. The company has two operating segments: business area smelters and business area mines. The business area mines division comprises six mining areas: Aitik, the Boliden Area, and Garpenberg in Sweden; Kylylahti and Kevitsa in Finland; and the Tara mine in Ireland. It includes both underground mines and open-pit mines.