Sibanye Stillwater (Sibanye Stillwater) Interest Coverage : 8.49 (As of Jun. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Sibanye Stillwater 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. Sibanye Stillwater's Operating Income for the six months ended in Jun. 2023 was $528 Mil. Sibanye Stillwater's Interest Expense for the six months ended in Jun. 2023 was $-62 Mil. Sibanye Stillwater's interest coverage for the quarter that ended in Jun. 2023 was 8.49. The higher the ratio, the stronger the company's financial strength is.

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

SBSW' s Interest Coverage Range Over the Past 10 Years
Min: 0.31 Med: 8.4 Max: 32.33
Current: 10.64

SBSW's Interest Coverage is ranked worse than
79.24% of 1344 companies
in the Metals & Mining industry
Industry Median: No Debt vs SBSW: 10.64

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

Sibanye Stillwater Interest Coverage Historical Data

The historical data trend for Sibanye Stillwater'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.

Sibanye Stillwater Interest Coverage Chart

Sibanye Stillwater Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

Get a 7-Day Free Trial

0.31

2.74

16.77

32.33

15.11

Sibanye Stillwater Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Coverage	Get a 7-Day Free Trial															38.60	27.44	17.00	13.08	8.49

Competitive Comparison of Sibanye Stillwater's Interest Coverage

For the Gold subindustry, Sibanye Stillwater'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.

Sibanye Stillwater's Interest Coverage Distribution in the Metals & Mining Industry

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

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

Sibanye Stillwater 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.

Sibanye Stillwater's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Sibanye Stillwater's Interest Expense was $-124 Mil. Its Operating Income was $1,867 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,320 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	1866.551	/	-123.553
	=	15.11

Sibanye Stillwater's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Sibanye Stillwater's Interest Expense was $-62 Mil. Its Operating Income was $528 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,367 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	528.093	/	-62.204
	=	8.49

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

Sibanye Stillwater (NYSE:SBSW) 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 .

Sibanye Stillwater Interest Coverage Related Terms

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

Sibanye Stillwater (Sibanye Stillwater) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sibanye Stillwater Ltd (NYSE:SBSW) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

SSW:South Africa SBYSF:USA SBSW:Mexico 47V:Germany 47V:Germany 47VS:Germany 47V:Germany 47VS:Germany 47VS:Germany S1BS34:Brazil

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Bridgeview House, Building 11, Ground Floor, Lakeview Avenue, Constantia Office Park, Weltevreden Park, Roodepoort, GT, ZAF, 1709

Website

https://www.sibanyestillwater.com

Sibanye Stillwater Ltd is a South Africa-focused mining company. The Group currently owns and operates five underground and surface gold operations in South Africa: the Cooke, DRDGOLD, Driefontein, and Kloof operations in the West Witwatersrand region, and the Beatrix Operation in the southern Free State province. In addition to mining, the company owns and manages extraction and processing facilities at its operations, where gold-bearing ore is treated and beneficiated to produce gold dore. The gold dore is further refined at Rand Refinery into gold bars with a purity of at least 99.5% and is then sold on international markets. Sibanye holds a 44% interest in Rand Refinery, global refiners of gold, and the largest in Africa. Rand Refinery markets gold to customers around the world.