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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. WellCare Health Plans's Operating Income for the three months ended in Sep. 2019 was $323 Mil. WellCare Health Plans's Interest Expense for the three months ended in Sep. 2019 was $-29 Mil. WellCare Health Plans's interest coverage for the quarter that ended in Sep. 2019 was 10.98. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for WellCare Health Plans's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for WellCare Health Plans'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.
WellCare Health Plans Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 5.38 | 7.09 | 9.96 | 7.85 | 8.98 |
WellCare Health Plans Quarterly Data | ||||||||||||||||||||
Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | |
Interest Coverage | Get a 7-Day Free Trial | 9.84 | 4.19 | 7.24 | 8.78 | 10.98 |
For the Healthcare Plans subindustry, WellCare Health Plans'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.
For the Healthcare Plans industry and Healthcare sector, WellCare Health Plans's Interest Coverage distribution charts can be found below:
* The bar in red indicates where WellCare Health Plans's Interest Coverage falls into.
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.
WellCare Health Plans's Interest Coverage for the fiscal year that ended in Dec. 2018 is calculated as
Here, for the fiscal year that ended in Dec. 2018, WellCare Health Plans's Interest Expense was $-88 Mil. Its Operating Income was $786 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,126 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2018 ) | / | Interest Expense (A: Dec. 2018 ) |
= | -1 | * | 785.8 | / | -87.5 | |
= | 8.98 |
WellCare Health Plans's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as
Here, for the three months ended in Sep. 2019, WellCare Health Plans's Interest Expense was $-29 Mil. Its Operating Income was $323 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,029 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Sep. 2019 ) | / | Interest Expense (Q: Sep. 2019 ) |
= | -1 | * | 322.7 | / | -29.4 | |
= | 10.98 |
* 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.
The higher the ratio, the stronger the company's Financial Strength is.
WellCare Health Plans (NYSE:WCG) 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 .
Thank you for viewing the detailed overview of WellCare Health Plans's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
William L Trubeck | director | ONE H&R BLOCK WAY, KANSAS CITY MO 64105 |
H James Dallas | director | 127 PUBLIC SQUARE, CLEVELAND OH 44114 |
Kenneth A Burdick | director, officer: Chief Executive Officer | 6705 ROCKLEDGE DR, SUITE 900, BETHESDA MD 20817 |
Anat Hakim | officer: EVP, General Counsel/Secretary | LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285 |
Paul E Weaver | director | C/O GATEWAY, INC., 7565 IRVINE CENTER DRIVE, IRVINE CA 92618 |
Steele Glenn Jr Md Phd | director | 250 TECHNOLOGY PARK, LAKE MARY FL 32746-6232 |
Carol Burt | director | C/O WELLCARE HEALTH PLANS, INC., 8725 HENDERSON ROAD, TAMPA FL 33634 |
Roel C Campos | director | 509 WEST BUTLER ROAD, GREENVILLE SC 29607 |
Maurice Hebert | officer: Chief Accounting Officer | C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634 |
David J Gallitano | director | 3552 CHURCH ROAD, ELLICOTT CITY MD 21043 |
Thomas L Tran | officer: Chief Financial Officer | 8735 HENDERSON ROAD, TAMPA FL 33625 |
Lisa G Iglesias | officer: SVP, General Counsel | 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402 |
Lucinda M. Baily | officer: Chief Compliance Officer | 10910 DOMAIN DRIVE, SUITE 300, AUSTIN TX 78758 |
Walter W. Cooper | officer: Chief Administrative Officer | 8725 HENDERSON ROAD, REN. 1, TAMPA FL 33634 |
Charles Berg | other: Former Director | 48 MONROE TURNPIKE, TRUMBULL CT 06611 |
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