Circor International (Circor International) Interest Coverage : 0.99 (As of Jun. 2023)

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What is Circor International 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. Circor International's Operating Income for the three months ended in Jun. 2023 was $14.7 Mil. Circor International's Interest Expense for the three months ended in Jun. 2023 was $-15.0 Mil. Circor International's interest coverage for the quarter that ended in Jun. 2023 was 0.99. The higher the ratio, the stronger the company's financial strength is.

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

CIR' s Interest Coverage Range Over the Past 10 Years
Min: 0.15 Med: 1.66 Max: 29.49
Current: 1.24

CIR's Interest Coverage is not ranked
in the Industrial Products industry.
Industry Median: 13.68 vs CIR: 1.24

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

Circor International Interest Coverage Historical Data

The historical data trend for Circor International'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.

* Premium members only.

Circor International Interest Coverage Chart

Circor International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

Get a 7-Day Free Trial

0.65

0.89

0.21

0.15

0.87

Circor International Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Coverage	Get a 7-Day Free Trial															0.60	1.43	1.26	1.34	0.99

Competitive Comparison of Circor International's Interest Coverage

For the Specialty Industrial Machinery subindustry, Circor International'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.

Circor International's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Circor International's Interest Coverage distribution charts can be found below:

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

Circor International 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.

Circor International'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, Circor International's Interest Expense was $-50.2 Mil. Its Operating Income was $43.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $535.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	43.793	/	-50.238
	=	0.87

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

Here, for the three months ended in Jun. 2023, Circor International's Interest Expense was $-15.0 Mil. Its Operating Income was $14.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $547.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	14.739	/	-14.957
	=	0.99

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

Circor International (NYSE:CIR) 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 .

Circor International Interest Coverage Related Terms

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

Circor International (Circor International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Circor International Inc (NYSE:CIR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Corporate Drive, Suite 200, Burlington, MA, USA, 01803-4238

Website

https://www.circor.com

Circor International Inc. designs manufactures, and markets differentiated technology products and sub-systems. It has two reportable business segments: aerospace & defense and industrial. Circor primarily delivers flow control products and services to original equipment manufacturers (OEMs) and engineering, procurement, and construction (EPC) companies worldwide. Some of its products include positive displacement pumps, motors, specialty centrifugal pumps, metering pumps, automatic recirculating valves, control & actuators valves, and high-pressure pneumatic systems. While Circor serves diverse geographical segments, most of the company sales are generated in the United States, with valves and pumps under its industrial segment contributing the most to the company's profit.

Executives

Forrest Tiedeman	officer: Vice President, Treasury & Tax	C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Samuel R. Chapin	director	940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451
Tony S. Najjar	director, officer: President and CEO	C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Helmuth Ludwig	director	CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Arjun Sharma	officer: CFO and SVP Bus Development	50 PARK ROW WEST, PROVIDENCE RI 02903
John A Odonnell	director	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Jessica Wiley Wenzell	officer: SVP, General Counsel & CPO	30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Jill D. Smith	director	1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Tina Donikowski	director	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Losak Joseph C. Ii	officer: VP Finance, Controller, PAO	30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
George Arthur L Jr	director	12500 TI BOULEVARD, MS 8476, DALLAS TX 75243
Sumit Mehrotra	officer: Group Pres, Adv Flow Solutions	CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Tanya Dawkins	officer: Director and Treasurer	CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803
Amit Goel	officer: VP Finance, Corp. Controller	30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803