Technical Olympic (ATH:OLYMP) Interest Coverage : 3.40 (As of Jun. 2023)

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What is Technical Olympic Interest Coverage?

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. Technical Olympic's Operating Income for the six months ended in Jun. 2023 was €1.67 Mil. Technical Olympic's Interest Expense for the six months ended in Jun. 2023 was €-0.49 Mil. Technical Olympic's interest coverage for the quarter that ended in Jun. 2023 was 3.40. The higher the ratio, the stronger the company's financial strength is.

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

ATH:OLYMP' s Interest Coverage Range Over the Past 10 Years
Min: 0.12 Med: 0.12 Max: 1.83
Current: 1.83

ATH:OLYMP's Interest Coverage is ranked worse than
82.25% of 817 companies
in the Transportation industry
Industry Median: 5.41 vs ATH:OLYMP: 1.83

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

Technical Olympic Interest Coverage Historical Data

The historical data trend for Technical Olympic'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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Technical Olympic Interest Coverage Chart

Technical Olympic Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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0.12

Technical Olympic 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	Get a 7-Day Free Trial															-	0.02	-	0.29	3.40

Competitive Comparison of Technical Olympic's Interest Coverage

For the Marine Shipping subindustry, Technical Olympic'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.

Technical Olympic's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Technical Olympic's Interest Coverage distribution charts can be found below:

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

Technical Olympic 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.

Technical Olympic'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, Technical Olympic's Interest Expense was €-1.07 Mil. Its Operating Income was €0.13 Mil. And its Long-Term Debt & Capital Lease Obligation was €13.01 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	0.129	/	-1.07
	=	0.12

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

Here, for the six months ended in Jun. 2023, Technical Olympic's Interest Expense was €-0.49 Mil. Its Operating Income was €1.67 Mil. And its Long-Term Debt & Capital Lease Obligation was €12.17 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	1.674	/	-0.493
	=	3.40

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

Technical Olympic (ATH:OLYMP) 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 .

Technical Olympic Interest Coverage Related Terms

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

Technical Olympic (ATH:OLYMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Technical Olympic SA (ATH:OLYMP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Solomou Street Alimos, Athens, GRC, 174 56

Website

http://www.techol.gr

Technical Olympic SA is a Greece based company engaged in the fields of homebuilding, construction of public and private projects, tourism, wind power, construction and operation of marinas and real estate development through different companies. The group has business operations in Greece and internationally. The tourist activity is represented by the group owned resort, Porto Carras. The construction activities of the company encompass railroad projects, irrigation projects, telecommunications projects, dams, marinas, harbour and drainage projects and others.

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