FSTR (L.B. Foster Co) Interest Coverage : 3.02 (As of Jun. 2024)

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What is L.B. Foster Co 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. L.B. Foster Co's Operating Income for the three months ended in Jun. 2024 was $4.5 Mil. L.B. Foster Co's Interest Expense for the three months ended in Jun. 2024 was $-1.5 Mil. L.B. Foster Co's interest coverage for the quarter that ended in Jun. 2024 was 3.02. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for L.B. Foster Co's Interest Coverage or its related term are showing as below:

FSTR' s Interest Coverage Range Over the Past 10 Years
Min: 0.24 Med: 3.87 Max: 72.43
Current: 1.94

FSTR's Interest Coverage is ranked worse than
82.3% of 819 companies
in the Transportation industry
Industry Median: 5.76 vs FSTR: 1.94

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

L.B. Foster Co Interest Coverage Historical Data

The historical data trend for L.B. Foster Co'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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L.B. Foster Co Interest Coverage Chart

L.B. Foster Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.51

4.16

1.51

0.24

1.83

L.B. Foster Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Coverage	Get a 7-Day Free Trial															4.03	1.86	0.53	2.03	3.02

Competitive Comparison of L.B. Foster Co's Interest Coverage

For the Railroads subindustry, L.B. Foster Co'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.

L.B. Foster Co's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, L.B. Foster Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where L.B. Foster Co's Interest Coverage falls into.

L.B. Foster Co 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.

L.B. Foster Co'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, L.B. Foster Co's Interest Expense was $-5.5 Mil. Its Operating Income was $10.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $67.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	10.138	/	-5.528
	=	1.83

L.B. Foster Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, L.B. Foster Co's Interest Expense was $-1.5 Mil. Its Operating Income was $4.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $97.5 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	4.504	/	-1.493
	=	3.02

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

L.B. Foster Co (NAS:FSTR) 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 .

L.B. Foster Co Interest Coverage Related Terms

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

L.B. Foster Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » L.B. Foster Co (NAS:FSTR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

LB1A:Germany

Address

415 Holiday Drive, Suite 100, Pittsburgh, PA, USA, 15220

Website

https://www.lbfoster.com

L.B. Foster Co is a us-based firm engaged in the manufacturing, fabrication, and distribution of products and services, especially for the rail, construction, energy, and utility industries. The company operates its business through three segments: Rail Technologies and Services; Precast Concrete Products and Steel Products and Measurement. Its principal business activity involves providing new and used rail, trackwork, and accessories, producing concrete railroad ties, insulated rail joints, power rail, track fasteners, cover boards, and sales of sells and rents steel sheet piling, H-bearing pile, and other piling products for foundation and earth retention requirements. It generates the majority of its revenues from the Rail Technologies and Services segment.

Executives

Raymond T Betler	director	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
William M Thalman	officer: Senior VP & CFO	C/O LB FOSTER COMPANY, 415 HOLIDAY DRIVE, PITTSBURGH PA 15220
Brian Hunter Friedman	officer: VP, Steel Prods. & Measurement	415 HOLIDAY DRIVE, SUITE 100, PITTSBURGH PA 15220
Sean M Reilly	officer: Controller	TOLLGRADE COMMUNICATIONS INC, 493 NIXON RD., CHESWICK PA 15024
Janet Lee	director	2600 ANSYS DRIVE, CANONSBURG PA 15317
Diane B Owen	director
Dirk Junge	director	165 TOWNSHIP LINE RD, JENKINTOWN PA 19046
John E Kunz	director	522 N. MACEWEN DRIVE, OSPREY FL 34229
Bruce Ernest Thompson	director	C/O L.B. FOSTER COMPANY, 415 HOLIDAY DRIVE, SUITE 100, PITTSBURGH PA 15220
Alexander B Jones	other: See Explanation of Responses	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Aron R. English	10 percent owner	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
22nw Gp, Inc.	10 percent owner	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Bryson Hirai-hadley	other: See Explanation of Responses	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
22nw Fund, Lp	10 percent owner	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
22nw, Lp	10 percent owner	590 1ST AVE S, UNIT C1, SEATTLE WA 98104