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Jedinstvo Sevojno a.d (XBEL:JESV) Interest Coverage : 10.51 (As of Jun. 2023)


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What is Jedinstvo Sevojno a.d 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. Jedinstvo Sevojno a.d's Operating Income for the six months ended in Jun. 2023 was RSD95 Mil. Jedinstvo Sevojno a.d's Interest Expense for the six months ended in Jun. 2023 was RSD-9 Mil. Jedinstvo Sevojno a.d's interest coverage for the quarter that ended in Jun. 2023 was 10.51. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Jedinstvo Sevojno a.d's Interest Coverage or its related term are showing as below:

XBEL:JESV' s Interest Coverage Range Over the Past 10 Years
Min: 3.33   Med: 10.16   Max: 54.29
Current: 9.88


XBEL:JESV's Interest Coverage is ranked better than
62.25% of 400 companies
in the Conglomerates industry
Industry Median: 5.13 vs XBEL:JESV: 9.88

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


Jedinstvo Sevojno a.d Interest Coverage Historical Data

The historical data trend for Jedinstvo Sevojno a.d'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.

Jedinstvo Sevojno a.d Interest Coverage Chart

Jedinstvo Sevojno a.d Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.21 27.99 54.29 10.44 9.88

Jedinstvo Sevojno a.d Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 61.51 8.47 11.08 10.51 9.56

Competitive Comparison of Jedinstvo Sevojno a.d's Interest Coverage

For the Conglomerates subindustry, Jedinstvo Sevojno a.d'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.


Jedinstvo Sevojno a.d's Interest Coverage Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jedinstvo Sevojno a.d's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Jedinstvo Sevojno a.d's Interest Coverage falls into.



Jedinstvo Sevojno a.d 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.

Jedinstvo Sevojno a.d'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, Jedinstvo Sevojno a.d's Interest Expense was RSD-27 Mil. Its Operating Income was RSD266 Mil. And its Long-Term Debt & Capital Lease Obligation was RSD78 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*265.745/-26.895
=9.88

Jedinstvo Sevojno a.d's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Jedinstvo Sevojno a.d's Interest Expense was RSD-9 Mil. Its Operating Income was RSD95 Mil. And its Long-Term Debt & Capital Lease Obligation was RSD105 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2023 )/Interest Expense (Q: Jun. 2023 )
=-1*94.806/-9.017
=10.51

* 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.


Jedinstvo Sevojno a.d  (XBEL:JESV) 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 .


Jedinstvo Sevojno a.d Interest Coverage Related Terms

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


Jedinstvo Sevojno a.d (XBEL:JESV) Business Description

Traded in Other Exchanges
N/A
Address
Prvomajska bb, Sevojno, SRB, 31205
Jedinstvo Sevojno a.d is engaged in the design and execution of hydro, thermal and gas installations. The company activities include hydrotechnical and thermotechnical installations, construction work, production program, transport, designing and recycling of raw material. Its projects include Water supply system Zubin Potok, Supply of Pomurje with drinking water - system A and Bar, Montenegro Water Supply and Sanitation of the Adriatic Coast III Bar.

Jedinstvo Sevojno a.d (XBEL:JESV) Headlines

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