Cooper-Standard Holdings (Cooper-Standard Holdings) Interest Coverage : 0.16 (As of Mar. 2024)

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What is Cooper-Standard Holdings 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. Cooper-Standard Holdings's Operating Income for the three months ended in Mar. 2024 was $5 Mil. Cooper-Standard Holdings's Interest Expense for the three months ended in Mar. 2024 was $-29 Mil. Cooper-Standard Holdings's interest coverage for the quarter that ended in Mar. 2024 was 0.16. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Cooper-Standard Holdings's Interest Coverage or its related term are showing as below:

CPS' s Interest Coverage Range Over the Past 10 Years
Min: 0.4 Med: 5.31 Max: 7.35
Current: 0.53

CPS's Interest Coverage is ranked worse than
96.04% of 1035 companies
in the Vehicles & Parts industry
Industry Median: 7.73 vs CPS: 0.53

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

Cooper-Standard Holdings Interest Coverage Historical Data

The historical data trend for Cooper-Standard Holdings'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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Cooper-Standard Holdings Interest Coverage Chart

Cooper-Standard Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.52

0.40

Cooper-Standard Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	0.63	1.63	-	0.16

Competitive Comparison of Cooper-Standard Holdings's Interest Coverage

For the Auto Parts subindustry, Cooper-Standard Holdings'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.

Cooper-Standard Holdings's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cooper-Standard Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cooper-Standard Holdings's Interest Coverage falls into.

Cooper-Standard Holdings 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.

Cooper-Standard Holdings'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, Cooper-Standard Holdings's Interest Expense was $-130 Mil. Its Operating Income was $52 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,121 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	52.196	/	-130.077
	=	0.40

Cooper-Standard Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Cooper-Standard Holdings's Interest Expense was $-29 Mil. Its Operating Income was $5 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,131 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4.616	/	-29.281
	=	0.16

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

Cooper-Standard Holdings (NYSE:CPS) 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 .

Cooper-Standard Holdings Interest Coverage Related Terms

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

Cooper-Standard Holdings (Cooper-Standard Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cooper-Standard Holdings Inc (NYSE:CPS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

C31:Germany

Address

40300 Traditions Drive, Northville, MI, USA, 48168

Website

https://www.cooperstandard.com

Cooper-Standard Holdings Inc is a supplier of rubber and resin products for the automotive industry. The company produces rubber and plastic sealings, fuel and brake lines, fluid transfer hoses, and anti-vibration systems used by original equipment manufacturers and replacement markets for passenger vehicles and light trucks. The largest customers include Ford, GM, FCA, Peugeot Citroen, and Volkswagen. Cooper Standard generates the majority of its revenue with its sealing systems products such as Fortrex, dynamic and static seals, stainless steel trims, flush glass systems, and variable extrusions.

Executives

Maryann Peterson Kanary	officer: See remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Amy B. Kulikowski	officer: VP, Chief Accounting Officer	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Patrick Clark	officer: See Remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Somasundhar Venkatasubramanian	officer: See remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Jeffrey S Edwards	officer: President and CEO	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Larry Ott	officer: VP Global HR	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Van Oss Stephen A	director
Christopher Couch	officer: See Remarks	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Rebecca Mccabe	officer: VP, Chief Accounting Officer	40300 TRADITIONS DRIVE, 40300, NORTHVILLE MI 48168
Christine M Moore	director	411 WEST LAFAYETTE, DETROIT MI 48226
Justin E Mirro	director	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
John G. Boss	director	260 HUDSON RIVER ROAD, WATERFORD NY 12188
Jeffrey A. Debest	officer: See Remarks	39550 ORCHARD HILL PLACE, NOVI MI 48375
Susan P. Kampe	officer: See Remarks	39550 ORCHARD HILL PLACE, NOVI MI 48375
Peter C. Brusate	officer: Corp. Controller and CAO	39550 ORCHARD HILL PLACE, NOVI MI 48375