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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. Bio-Rad Laboratories's Operating Income for the three months ended in Sep. 2024 was $64 Mil. Bio-Rad Laboratories's Interest Expense for the three months ended in Sep. 2024 was $-12 Mil. Bio-Rad Laboratories's interest coverage for the quarter that ended in Sep. 2024 was 5.30. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Bio-Rad Laboratories'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 Bio-Rad Laboratories'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.
Bio-Rad Laboratories Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 9.81 | 19.27 | 322.59 | 12.47 | 6.83 |
Bio-Rad Laboratories Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Interest Coverage | Get a 7-Day Free Trial | 7.34 | 7.71 | 3.64 | 8.28 | 5.30 |
For the Medical Devices subindustry, Bio-Rad Laboratories'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 Medical Devices & Instruments industry and Healthcare sector, Bio-Rad Laboratories's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Bio-Rad Laboratories'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.
Bio-Rad Laboratories's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as
Here, for the fiscal year that ended in Dec. 2023, Bio-Rad Laboratories's Interest Expense was $-49 Mil. Its Operating Income was $338 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,365 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2023 ) | / | Interest Expense (A: Dec. 2023 ) |
= | -1 | * | 337.796 | / | -49.439 | |
= | 6.83 |
Bio-Rad Laboratories's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as
Here, for the three months ended in Sep. 2024, Bio-Rad Laboratories's Interest Expense was $-12 Mil. Its Operating Income was $64 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,200 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Sep. 2024 ) | / | Interest Expense (Q: Sep. 2024 ) |
= | -1 | * | 64.466 | / | -12.174 | |
= | 5.30 |
* 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.
Bio-Rad Laboratories (NYSE:BIO) 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 Bio-Rad Laboratories's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Tania Devilliers | officer: INT PRIN ACCTG OFC | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Sedat Evran | officer: EVP, Global Supply Chain | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Corey Colleen | officer: EVP, Global Human Resources | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Diane Dahowski | officer: EVP, Global Supply Chain | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Schwartz Allison | director | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Simon May | officer: EVP, President, LSG | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Andrew J. Last | officer: EVP, Chief Operating Officer | 3420 CENTRAL EXPRESSWAY, SANTA CLARA CA 95051 |
Ajit Ramalingam | officer: SVP, Chief Accounting Officer | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Ilan Daskal | officer: EVP, Chief Financial Officer | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Timothy S Ernst | officer: EVP, General Counsel & Sec | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Dara Wright | officer: Executive Vice President | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Michael Crowley | officer: EVP, GBL Commercial Operations | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Steven D Schwartz | 10 percent owner | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Alice N Schwartz | director, 10 percent owner | |
Norman D Schwartz | director, 10 percent owner, officer: Chairman, President, and CEO | 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
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