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. JOST Werke SE's
Operating Income
for the
three
months ended in Dec. 2023 was €19 Mil. JOST Werke SE's Interest Expense for the
three
months ended in Dec. 2023 was €-12 Mil.
JOST Werke SE's interest coverage for the quarter that ended in Dec. 2023 was 1.58.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for JOST Werke SE's Interest Coverage or its related term are showing as below:
XTER:JST'
s Interest Coverage Range Over the Past 10 Years
Min: 0.63 Med: 3.45 Max: 12.94
Current: 3.63
XTER:JST's Interest Coverage is ranked worse than 68.5% of 1038
companies
in the Vehicles & Parts industry
Industry Median: 7.695
vs XTER:JST: 3.63
The historical data trend for JOST Werke 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.
Competitive Comparison of JOST Werke SE's Interest Coverage
For the Auto Parts subindustry, JOST Werke 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.
JOST Werke SE's Interest Coverage Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, JOST Werke SE's Interest Coverage distribution charts can be found below:
* The bar in red indicates where JOST Werke SE's Interest Coverage falls into.
JOST Werke 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:
* 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.
JOST Werke SE (XTER:JST) 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 .
JOST Werke SE Interest Coverage Related Terms
Thank you for viewing the detailed overview of JOST Werke SE's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
JOST Werke SE is a producer and supplier of safety-critical systems to the truck and trailer industry. The company's business segments are Asia, the Pacific and Africa, Europe, and North America. Its products are used in two business lines; Transport includes products and systems for trucks and trailers that provide the interface connecting the truck to the trailer, and it even sells wheel couplings, landing gears, king pins, and ball bearing turntables, and Agriculture includes products like agricultural front loaders for tractors, various implements for front loaders, and subframes, and it even sells towing hitches, drawbars, towing eyes and ladders under the brand name Rockinger.
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