Stara Planina Holding AD (XBUL:SPH) Interest Coverage

: 128.93 (As of Sep. 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. Stara Planina Holding AD's Operating Income for the three months ended in Sep. 2023 was лв15.6 Mil. Stara Planina Holding AD's Interest Expense for the three months ended in Sep. 2023 was лв-0.1 Mil. Stara Planina Holding AD's interest coverage for the quarter that ended in Sep. 2023 was 128.93. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Stara Planina Holding AD has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Stara Planina Holding AD's Interest Coverage or its related term are showing as below:

XBUL:SPH' s Interest Coverage Range Over the Past 10 Years
Min: 119.31 Med: 251.32 Max: 395.01
Current: 119.31

XBUL:SPH's Interest Coverage is ranked better than
83.01% of 2302 companies
in the Industrial Products industry
Industry Median: 13.49 vs XBUL:SPH: 119.31

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

Stara Planina Holding AD Interest Coverage Historical Data

The historical data trend for Stara Planina Holding AD'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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Stara Planina Holding AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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395.01

206.97

249.71

339.36

251.32

Stara Planina Holding AD Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															403.88	75.38	244.10	79.63	128.93

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Stara Planina Holding AD'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.

Stara Planina Holding AD Interest Coverage Distribution

For the Industrial Products industry and Industrials sector, Stara Planina Holding AD's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Stara Planina Holding AD's Interest Coverage falls into.

Stara Planina Holding AD 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.

Stara Planina Holding AD'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, Stara Planina Holding AD's Interest Expense was лв-0.2 Mil. Its Operating Income was лв50.8 Mil. And its Long-Term Debt & Capital Lease Obligation was лв1.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	50.767	/	-0.202
	=	251.32

Stara Planina Holding AD's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Stara Planina Holding AD's Interest Expense was лв-0.1 Mil. Its Operating Income was лв15.6 Mil. And its Long-Term Debt & Capital Lease Obligation was лв0.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	15.6	/	-0.121
	=	128.93

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

Stara Planina Holding AD (XBUL:SPH) 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 .

Stara Planina Holding AD Interest Coverage Related Terms

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

Stara Planina Holding AD (XBUL:SPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stara Planina Holding AD (XBUL:SPH) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

20, Frederic Joliot-Curie Street, 9th Floor, Sofia, BGR, 1113

Website

https://www.sphold.com

Stara Planina Holding AD is a holding company. The company is engaged in the acquisition, management, evaluation and sale of shareholdings in Bulgarian and foreign companies; acquisition, management and sale of bonds, evaluation and sale of patents, transfer of licenses for the use of patents, belonging to companies where the holding company has participation; financing companies where the holding company has participations; other commercial operations, except those prohibited by law. The investment portfolio of the holding is distributed mainly in the following industries, Machine Building; Electrical Engineering, Light Industry and Financial.