Dr Hoenle AG (XTER:HNL) Interest Coverage : 1.45 (As of Mar. 2024)

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What is Dr Hoenle 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. Dr Hoenle AG's Operating Income for the three months ended in Mar. 2024 was €0.7 Mil. Dr Hoenle AG's Interest Expense for the three months ended in Mar. 2024 was €-0.5 Mil. Dr Hoenle AG's interest coverage for the quarter that ended in Mar. 2024 was 1.45. The higher the ratio, the stronger the company's financial strength is.

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

XTER:HNL's Interest Coverage is not ranked ^*
in the Industrial Products industry.
Industry Median: 13.71
* Ranked among companies with meaningful Interest Coverage only.

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

Dr Hoenle AG Interest Coverage Historical Data

The historical data trend for Dr Hoenle 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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Dr Hoenle AG Interest Coverage Chart

Dr Hoenle AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

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107.22

17.59

0.19

2.75

Dr Hoenle AG 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															3.70	-	-	-	1.45

Competitive Comparison of Dr Hoenle AG's Interest Coverage

For the Electrical Equipment & Parts subindustry, Dr Hoenle 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.

Dr Hoenle AG's Interest Coverage Distribution in the Industrial Products Industry

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

* The bar in red indicates where Dr Hoenle AG's Interest Coverage falls into.

Dr Hoenle 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.

Dr Hoenle AG's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Dr Hoenle AG's Interest Expense was €-1.8 Mil. Its Operating Income was €-8.8 Mil. And its Long-Term Debt & Capital Lease Obligation was €43.1 Mil.

Dr Hoenle AG did not have earnings to cover the interest expense.

Dr Hoenle AG's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Dr Hoenle AG's Interest Expense was €-0.5 Mil. Its Operating Income was €0.7 Mil. And its Long-Term Debt & Capital Lease Obligation was €40.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	0.713	/	-0.492
	=	1.45

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

Dr Hoenle AG (XTER:HNL) 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 .

Dr Hoenle AG Interest Coverage Related Terms

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

Dr Hoenle AG (XTER:HNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dr Hoenle AG (XTER:HNL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

HNL:Germany HNL:Germany

Address

Nicolaus-Otto-Street 2, Gilching, Munich, BY, DEU, 82205

Website

https://www.hoenle.de

Dr Hoenle AG supplies industrial UV technology. It operates in three business segments: The Equipment and Systems segment, which accounts for the majority of revenue, includes devices for UVC air and surface disinfection, and it is used for drying inks and coatings, for curing adhesives and plastics, and for solar simulation. The Glass and Lamps segment includes the development, production, and sale of tubing and semi-finished goods made of quartz glass as well as the manufacture of UV medium?pressure and low-pressure lamps. Adhesives segment, which includes industrial adhesives designed for a broad spectrum of applications such as electronics, medical technology, optics, and glass processing. The company generates the majority of its revenue from sales in other countries.

Dr Hoenle AG (XTER:HNL) Headlines

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