STRABAG SE (WBO:STR) Interest Coverage

: 0 (At Loss) (As of Jun. 2023)

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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. STRABAG SE's Operating Income for the six months ended in Jun. 2023 was €-5 Mil. STRABAG SE's Interest Expense for the six months ended in Jun. 2023 was €-30 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

WBO:STR' s Interest Coverage Range Over the Past 10 Years
Min: 2.08 Med: 7.45 Max: 34.24
Current: 9.76

WBO:STR's Interest Coverage is ranked better than
55.82% of 1263 companies
in the Construction industry
Industry Median: 7.1 vs WBO:STR: 9.76

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

STRABAG SE Interest Coverage Historical Data

The historical data trend for STRABAG SE'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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STRABAG SE Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

34.24

10.36

13.85

27.29

14.49

STRABAG SE 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																6.91	60.58	1.44	26.77	-

Competitive Comparison

For the Engineering & Construction subindustry, STRABAG SE'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.

STRABAG SE Interest Coverage Distribution

For the Construction industry and Industrials sector, STRABAG SE's Interest Coverage distribution charts can be found below:

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

STRABAG SE 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.

STRABAG SE'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, STRABAG SE's Interest Expense was €-34 Mil. Its Operating Income was €496 Mil. And its Long-Term Debt & Capital Lease Obligation was €656 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	495.508	/	-34.189
	=	14.49

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

Here, for the six months ended in Jun. 2023, STRABAG SE's Interest Expense was €-30 Mil. Its Operating Income was €-5 Mil. And its Long-Term Debt & Capital Lease Obligation was €0 Mil.

STRABAG SE did not have earnings to cover the interest expense.

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

STRABAG SE (WBO:STR) 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 .

STRABAG SE Interest Coverage Related Terms

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STRABAG SE (WBO:STR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » STRABAG SE (WBO:STR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

STBBF:USA STRv:UK XD4:Germany

Address

Triglavstrabe 9, Villach, AUT, 9500

Website

https://www.strabag.com

STRABAG SE is a technology group for construction services. Its services contribute to multiple stages of the construction process, from planning to execution and demolition. The company coordinates people, materials, and machinery to complete construction projects in an efficient manner. Strabag has four operating segments: North and west; South and East; International and Special divisions; and Other. It builds large transportation infrastructure, plants, commercial and industrial facilities, and other large structures related to industrial development. Some projects are granted through concessions from regional governments. The company generates revenue in Europe, with Germany and Austria being important regions for the company.