Daetwyler Holding AG (XSWX:DAE) Interest Coverage : 8.49 (As of Dec. 2023)

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What is Daetwyler Holding AG 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. Daetwyler Holding AG's Operating Income for the six months ended in Dec. 2023 was CHF59 Mil. Daetwyler Holding AG's Interest Expense for the six months ended in Dec. 2023 was CHF-7 Mil. Daetwyler Holding AG's interest coverage for the quarter that ended in Dec. 2023 was 8.49. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Daetwyler Holding AG's Interest Coverage or its related term are showing as below:

XSWX:DAE' s Interest Coverage Range Over the Past 10 Years
Min: 8.21 Med: 64.17 Max: 113.79
Current: 8.21

XSWX:DAE's Interest Coverage is ranked worse than
51.16% of 129 companies
in the Industrial Distribution industry
Industry Median: 8.49 vs XSWX:DAE: 8.21

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

Daetwyler Holding AG Interest Coverage Historical Data

The historical data trend for Daetwyler Holding AG'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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Daetwyler Holding AG Interest Coverage Chart

Daetwyler Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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68.11

87.07

113.79

17.74

8.21

Daetwyler Holding AG 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															67.11	60.42	10.63	7.96	8.49

Competitive Comparison of Daetwyler Holding AG's Interest Coverage

For the Industrial Distribution subindustry, Daetwyler Holding AG'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.

Daetwyler Holding AG's Interest Coverage Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Daetwyler Holding AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Daetwyler Holding AG's Interest Coverage falls into.

Daetwyler Holding AG 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.

Daetwyler Holding AG'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, Daetwyler Holding AG's Interest Expense was CHF-15 Mil. Its Operating Income was CHF120 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF484 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	119.9	/	-14.6
	=	8.21

Daetwyler Holding AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Daetwyler Holding AG's Interest Expense was CHF-7 Mil. Its Operating Income was CHF59 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF484 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	59.4	/	-7
	=	8.49

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

Daetwyler Holding AG (XSWX:DAE) 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 .

Daetwyler Holding AG Interest Coverage Related Terms

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

Daetwyler Holding AG (XSWX:DAE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Daetwyler Holding AG (XSWX:DAE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DTWHF:USA DAEz:UK 0QNJ:UK

Address

Gotthardstrasse 31, Altdorf, CHE, 6460

Website

https://www.datwyler.com

Daetwyler Holding is an international industrial supplier of elastomer products. Elastomer is a rubberlike, flexible material composed of polymers. The company focuses on supplying two markets: healthcare and industrial solutions. The healthcare segment offers components for delivery of injectable drugs and diagnostics in the pharmaceutical and medical markets. The industrial solutions segment manufactures customized system-critical components for applications in the mobility, food and beverage, oil and gas, and general industry markets. In 2020, the company discontinued its electronic and technical components segment with the sale of its distribution companies, Distrelec and Nedis. The majority of revenue comes from Europe, followed by the Americas and Asia and other markets.

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