Aena SME (WBO:AENA) Interest Coverage : 6.69 (As of Dec. 2023)

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What is Aena SME 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. Aena SME's Operating Income for the three months ended in Dec. 2023 was €579 Mil. Aena SME's Interest Expense for the three months ended in Dec. 2023 was €-86 Mil. Aena SME's interest coverage for the quarter that ended in Dec. 2023 was 6.69. The higher the ratio, the stronger the company's financial strength is.

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

WBO:AENA' s Interest Coverage Range Over the Past 10 Years
Min: 1.24 Med: 10.76 Max: 22.13
Current: 8.86

WBO:AENA's Interest Coverage is ranked better than
62.64% of 819 companies
in the Transportation industry
Industry Median: 5.6 vs WBO:AENA: 8.86

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

Aena SME Interest Coverage Historical Data

The historical data trend for Aena SME'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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Aena SME Interest Coverage Chart

Aena SME Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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22.13

1.24

2.98

14.70

8.86

Aena SME 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															23.18	4.18	12.76	12.44	6.69

Competitive Comparison of Aena SME's Interest Coverage

For the Airports & Air Services subindustry, Aena SME'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.

Aena SME's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aena SME's Interest Coverage distribution charts can be found below:

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

Aena SME 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.

Aena SME'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, Aena SME's Interest Expense was €-238 Mil. Its Operating Income was €2,108 Mil. And its Long-Term Debt & Capital Lease Obligation was €6,569 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2107.778	/	-237.829
	=	8.86

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

Here, for the three months ended in Dec. 2023, Aena SME's Interest Expense was €-86 Mil. Its Operating Income was €579 Mil. And its Long-Term Debt & Capital Lease Obligation was €6,569 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	579.05	/	-86.498
	=	6.69

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

Aena SME (WBO:AENA) 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 .

Aena SME Interest Coverage Related Terms

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

Aena SME (WBO:AENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aena SME SA (WBO:AENA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ANYYY:USA ANNSF:USA 1AENA:Italy AENAe:UK 0R4Y:UK AENA:Spain A440:Germany

Address

Calle Peonias, 12, Madrid, ESP, 28042

Website

http://www.aena.es

Aena is a Spanish airport operator with 46 airports in Spain, including Madrid and Barcelona, and has stakes in 23 international airports. The group generates regulated and nonregulated revenue. Regulated revenue includes fees collected from takeoff and landing, passenger fees and security, whereas nonregulated revenue stems from commercial activities such as retail, food and beverage and advertising sales. In 2019, before the onset of the pandemic, the group catered to 275 million passengers through its Spanish airport network. The group was semiprivatized in 2015, with a listing on the Madrid exchange.

Aena SME (WBO:AENA) Headlines

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