Park-Ohio Holdings (Park-Ohio Holdings) Interest Coverage : 1.51 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Park-Ohio Holdings 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. Park-Ohio Holdings's Operating Income for the three months ended in Dec. 2023 was $18 Mil. Park-Ohio Holdings's Interest Expense for the three months ended in Dec. 2023 was $-12 Mil. Park-Ohio Holdings's interest coverage for the quarter that ended in Dec. 2023 was 1.51. The higher the ratio, the stronger the company's financial strength is.

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

PKOH' s Interest Coverage Range Over the Past 10 Years
Min: 0.81 Med: 2.42 Max: 3.75
Current: 1.99

PKOH's Interest Coverage is ranked worse than
89.54% of 2303 companies
in the Industrial Products industry
Industry Median: 13.77 vs PKOH: 1.99

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

Park-Ohio Holdings Interest Coverage Historical Data

The historical data trend for Park-Ohio 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.

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.

Park-Ohio Holdings Interest Coverage Chart

Park-Ohio Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2.46

0.91

0.81

1.43

1.99

Park-Ohio Holdings 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															1.04	2.05	2.10	2.33	1.51

Competitive Comparison of Park-Ohio Holdings's Interest Coverage

For the Specialty Industrial Machinery subindustry, Park-Ohio 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.

Park-Ohio Holdings's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Park-Ohio Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Park-Ohio Holdings's Interest Coverage falls into.

Park-Ohio 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 ⁽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.

Park-Ohio Holdings'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, Park-Ohio Holdings's Interest Expense was $-45 Mil. Its Operating Income was $90 Mil. And its Long-Term Debt & Capital Lease Obligation was $668 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	89.9	/	-45.1
	=	1.99

Park-Ohio Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Park-Ohio Holdings's Interest Expense was $-12 Mil. Its Operating Income was $18 Mil. And its Long-Term Debt & Capital Lease Obligation was $668 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	17.7	/	-11.7
	=	1.51

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

Park-Ohio Holdings (NAS:PKOH) 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 .

Park-Ohio Holdings Interest Coverage Related Terms

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

Park-Ohio Holdings (Park-Ohio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Park-Ohio Holdings Corp (NAS:PKOH) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

6065 Parkland Boulevard, Cleveland, OH, USA, 44124

Website

http://www.pkoh.com

Park-Ohio Holdings Corp is a company, engaged in industrial supply chain logistics and diversified manufacturing business. It operates in three business segments namely Supply Technologies, Assembly Components and Engineered Products. Geographically, the business of the group is amplifying across the region of the United States, Asia, Europe, Canada, Mexico and others. The company derives most of the revenue from the Supply Technologies segment which provides the customer with total supply management services such as engineering and design support, supplier selection, quality assurance, barcoding, product packaging and tracking, just-in-time and point-of-use delivery and electronic billing services for a range of production components.

Executives

James W Wert	director
Patrick W Fogarty	officer: Director Corporate Development
Robert D Vilsack	officer: Secretary & General Counsel
Moore Dan T Iii	director
Hanna Howard W Iv	director	6065 PARKLAND BLVD., CLEVELAND OH 44124
Matthew V Crawford	director, 10 percent owner, officer: President & COO
Edward F Crawford	director, 10 percent owner, officer: CEO, COB
Patrick V Auletta	director	23000 EUCLID AVE, EUCLID OH 44117
Steven H Rosen	director	6065 PARKLAND BOULEVARD, MAYFIELD HEIGHTS OH 44124
John D Grampa	director	MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Ronna Romney	director
Mixon Aaron Malachi Iii	director	800 SUPERIOR AVENUE, SUITE 1800, CLEVELAND OH 44107
W Scott Emerick	officer: VP & CFO	29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
Kevin R Greene	director
Jeffrey L Rutherford	officer: Vice President & CFO	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799