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Delek Group Interest Coverage

: 1.51 (As of Sep. 2020)
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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. Delek Group's Operating Income for the three months ended in Sep. 2020 was $234 Mil. Delek Group's Interest Expense for the three months ended in Sep. 2020 was $-156 Mil. Delek Group's interest coverage for the quarter that ended in Sep. 2020 was 1.51. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Delek Group Ltd interest coverage is 1.26, which is low.

OTCPK:DLKGF' s Interest Coverage Range Over the Past 10 Years
Min: 0.37   Med: 1.18   Max: 1.74
Current: 1.26

0.37
1.74

OTCPK:DLKGF's Interest Coverage is ranked lower than
80% of the 584 Companies
in the Oil & Gas industry.

( Industry Median: 4.17 vs. OTCPK:DLKGF: 1.26 )

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


Delek Group Interest Coverage Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Delek Group Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.29 1.74 1.32 1.62 1.30

Delek Group Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 0.84 1.62 0.95 1.13 1.51

Competitive Comparison
* 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.


Delek Group Interest Coverage Distribution

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



Delek Group 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.

Delek Group's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, Delek Group's Interest Expense was $-379 Mil. Its Operating Income was $492 Mil. And its Long-Term Debt & Capital Lease Obligation was $7,213 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2019 )/Interest Expense (A: Dec. 2019 )
=-1*492.25155616737/-378.60791750023
=1.30

Delek Group's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

Here, for the three months ended in Sep. 2020, Delek Group's Interest Expense was $-156 Mil. Its Operating Income was $234 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,771 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2020 )/Interest Expense (Q: Sep. 2020 )
=-1*234.33257029747/-155.60907936094
=1.51

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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


Delek Group  (OTCPK:DLKGF) 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 .


Delek Group Interest Coverage Related Terms


Delek Group Interest Coverage Headlines

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