Sigma-Aldrich (FRA:SIQ) Interest Coverage : N/A (As of Sep. 2015)

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What is Sigma-Aldrich 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. Sigma-Aldrich's Operating Income for the three months ended in Sep. 2015 was €144 Mil. Sigma-Aldrich's Interest Expense for the three months ended in Sep. 2015 was €0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies interest coverage is at least 5. Sigma-Aldrich Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

FRA:SIQ' s Interest Coverage Range Over the Past 10 Years
Min: 14.27 Med: 60.19 Max: 170.25
Current: 90.39

FRA:SIQ's Interest Coverage is not ranked
in the Chemicals industry.
Industry Median: 9.75 vs FRA:SIQ: 90.39

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

Sigma-Aldrich Interest Coverage Historical Data

The historical data trend for Sigma-Aldrich'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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Sigma-Aldrich Interest Coverage Chart

Sigma-Aldrich Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Interest Coverage

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78.71

92.43

164.75

165.25

170.25

Sigma-Aldrich Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Interest Coverage	Get a 7-Day Free Trial															N/A	24.14	N/A	169.00	N/A

Competitive Comparison of Sigma-Aldrich's Interest Coverage

For the Specialty Chemicals subindustry, Sigma-Aldrich'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.

Sigma-Aldrich's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sigma-Aldrich's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sigma-Aldrich's Interest Coverage falls into.

Sigma-Aldrich 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.

Sigma-Aldrich's Interest Coverage for the fiscal year that ended in Dec. 2014 is calculated as

Here, for the fiscal year that ended in Dec. 2014, Sigma-Aldrich's Interest Expense was €-3 Mil. Its Operating Income was €552 Mil. And its Long-Term Debt & Capital Lease Obligation was €243 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2014 )	/	Interest Expense (A: Dec. 2014 )
	=	-1	*	552.291	/	-3.244
	=	170.25

Sigma-Aldrich's Interest Coverage for the quarter that ended in Sep. 2015 is calculated as

Here, for the three months ended in Sep. 2015, Sigma-Aldrich's Interest Expense was €0 Mil. Its Operating Income was €144 Mil. And its Long-Term Debt & Capital Lease Obligation was €267 Mil.

GuruFocus does not calculate Sigma-Aldrich's interest coverage with the available data.

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

Sigma-Aldrich (FRA:SIQ) 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 .

Sigma-Aldrich Interest Coverage Related Terms

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

Sigma-Aldrich (FRA:SIQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sigma-Aldrich Corp (FRA:SIQ) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.sigma-aldrich.com

Sigma-Aldrich Corp was incorporated under the laws of the State of Delaware in May 1975. The Company is a life science and a technology company that helps in enhancing human health and safety. The Company manufactures and distributes chemicals, biochemicals and other essential products and equipment products to its customers in research and applied labs as well as in industrial and commercial markets. The Company operates in three units including Research, Applied and SAFC Commercial. The Research unit products and services includes chemicals, reagents and kits, enabling the scientists to discover and develop new drugs and materials; Applied unit products and services includes high quality components and kits, chemical reagents, critical raw materials and certified reference standards, providing customized solutions to and constitute critical components and materials for diagnostic companies, testing laboratories and industrial companies; SAFC Commercial unit's products and services are used by its customers to develop and manufacture pharma, biopharma and electronics products. Its customers include pharmaceutical companies, universities, commercial laboratories, industrial companies, biotechnology companies, non-profit organizations, governmental institutions, diagnostic, chemical and electronics companies and hospitals. The Company's trademarks are the brand names; Sigma-Aldrich, Sigma, Aldrich, Fluka, Riedel-de HaÃ«n, Supelco, SAFC, SAFC Biosciences, SAFC Hitech, Genosys, Proligo, Pharmorphix, Cerilliant, Vetec, BioReliance and Cell Marque. The Company is subject to extensive regulation by federal, state and local governments and similar international agencies relating to the manufacture, sale and distribution of its products.

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