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Henex Interest Coverage

: 368.49 (As of Jun. 2013)
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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. Henex's Operating Income for the six months ended in Jun. 2013 was €23.95 Mil. Henex's Interest Expense for the six months ended in Jun. 2013 was €-0.07 Mil. Henex's interest coverage for the quarter that ended in Jun. 2013 was 368.49. The higher the ratio, the stronger the company's financial strength is.

XBRU:HENX' s Interest Coverage Range Over the Past 10 Years
Min: 0   Med: 0   Max: 339.52
Current: 339.52

0
339.52

XBRU:HENX's Interest Coverage is not ranked
in the Asset Management industry.

( Industry Median: 56.44 vs. XBRU:HENX: 339.52 )

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


Henex Interest Coverage Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Henex Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12
Interest Coverage No Debt No Debt No Debt No Debt No Debt

Henex Semi-Annual Data
Dec11 Jun12 Dec12 Jun13
Interest Coverage No Debt 327.49 No Debt 368.49

Competitive Comparison
* 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.


Henex Interest Coverage Distribution

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



Henex 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.


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

Henex's Interest Coverage for the fiscal year that ended in Dec. 2012 is calculated as

Here, for the fiscal year that ended in Dec. 2012, Henex's Interest Expense was €0.00 Mil. Its Operating Income was €14.82 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Henex had no debt.

Henex's Interest Coverage for the quarter that ended in Jun. 2013 is calculated as

Here, for the six months ended in Jun. 2013, Henex's Interest Expense was €-0.07 Mil. Its Operating Income was €23.95 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2013 )/Interest Expense (Q: Jun. 2013 )
=-1*23.952/-0.065
=368.49

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

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


Henex  (XBRU:HENX) 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 .


Henex Interest Coverage Related Terms


Henex Interest Coverage Headlines

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