Ampol (CTXAY) Interest Coverage

: 6.43 (As of Dec. 2023)

View and export this data going back to 2008. 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. Ampol's Operating Income for the six months ended in Dec. 2023 was $454 Mil. Ampol's Interest Expense for the six months ended in Dec. 2023 was $-71 Mil. Ampol's interest coverage for the quarter that ended in Dec. 2023 was 6.43. The higher the ratio, the stronger the company's financial strength is.

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

CTXAY' s Interest Coverage Range Over the Past 10 Years
Min: 2.55 Med: 5.02 Max: 7.27
Current: 2.58

CTXAY's Interest Coverage is ranked worse than
77.87% of 759 companies
in the Oil & Gas industry
Industry Median: 6.72 vs CTXAY: 2.58

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

Ampol Interest Coverage Historical Data

The historical data trend for Ampol'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.

Ampol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

5.02

3.05

2.55

Ampol Semi-Annual Data
	Jun14	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															2.67	24.92	-	-	6.43

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Ampol'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.

Ampol Interest Coverage Distribution

For the Oil & Gas industry and Energy sector, Ampol's Interest Coverage distribution charts can be found below:

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

Ampol 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.

Ampol'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, Ampol's Interest Expense was $-142 Mil. Its Operating Income was $361 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,278 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	361.292	/	-141.582
	=	2.55

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

Here, for the six months ended in Dec. 2023, Ampol's Interest Expense was $-71 Mil. Its Operating Income was $454 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,278 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	454.203	/	-70.612
	=	6.43

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

Ampol (OTCPK:CTXAY) 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 .

Ampol Interest Coverage Related Terms

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

Ampol (CTXAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ampol Ltd (OTCPK:CTXAY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CTXAF:USA ALD:New Zealand CLZ:Germany ALD:Australia

Address

29-33 Bourke Road, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.ampol.com.au

Ampol (nee Caltex) is the largest and only Australian-listed petroleum refiner and distributor, with operations in all states and territories. It was a major international brand of Chevron's until that 50% owner sold out in 2015. Caltex transitioned to Ampol branding due to Chevron terminating its licence to use the Caltex brand in Australia. Ampol has operated for more than 100 years. It owns and operates a refinery at Lytton in Brisbane, but closed Sydney's Kurnell refinery to focus on the more profitable distribution/retail segment. It successfully completed a NZD 2.0 billion bid for New Zealand peer Z Energy in first-half 2022.