Saia (SAIA) Interest Coverage

: 120.50 (As of Dec. 2023)

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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. Saia's Operating Income for the three months ended in Dec. 2023 was $113 Mil. Saia's Interest Expense for the three months ended in Dec. 2023 was $-1 Mil. Saia's interest coverage for the quarter that ended in Dec. 2023 was 120.50. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Saia Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

SAIA' s Interest Coverage Range Over the Past 10 Years
Min: 18.01 Med: 24.44 Max: 181.66
Current: 181.66

SAIA's Interest Coverage is ranked better than
95.1% of 816 companies
in the Transportation industry
Industry Median: 5.605 vs SAIA: 181.66

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

Saia Interest Coverage Historical Data

The historical data trend for Saia'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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Saia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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22.81

34.83

104.34

180.19

181.66

Saia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															138.34	144.10	262.57	282.90	120.50

Competitive Comparison

For the Trucking subindustry, Saia'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.

Saia Interest Coverage Distribution

For the Transportation industry and Industrials sector, Saia's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Saia's Interest Coverage falls into.

Saia 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.

Saia'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, Saia's Interest Expense was $-3 Mil. Its Operating Income was $460 Mil. And its Long-Term Debt & Capital Lease Obligation was $103 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	460.496	/	-2.535
	=	181.66

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

Here, for the three months ended in Dec. 2023, Saia's Interest Expense was $-1 Mil. Its Operating Income was $113 Mil. And its Long-Term Debt & Capital Lease Obligation was $103 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	112.663	/	-0.935
	=	120.50

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

Saia (NAS:SAIA) 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 .

Saia Interest Coverage Related Terms

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

Saia (SAIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Saia Inc (NAS:SAIA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

SQR:Germany SQR:Germany

Address

11465 Johns Creek Parkway, Suite 400, Johns Creek, GA, USA, 30097

Website

https://www.saia.com

Saia ranks among the 10 largest less-than-truckload carriers in the United States, with more than 190 facilities and a fleet of about 6,200 tractors and 20,800 trailers. As a national LTL carrier, the firm offers time-definite and expedited options for shipments ranging between 100 and 10,000 pounds. Saia ranks among the top-tier providers in terms of profitability.

Executives

Di-ann Eisnor	director	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Raymond R Ramu	officer: Chief Customer Officer	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Patrick D Sugar	officer: EVP Operations	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Holzgrefe Frederick J Iii	officer: VP Finance, CFO and Secretary	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Douglas L Col	officer: VP Finance, CFO	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Susan F Ward	director	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Donna E Epps	director	11465 JOHNS CREEK PARKWAY, SUITE400, JOHNS CREEK GA 30097
Richard D Odell	officer: President & CEO of Saia	11465 JOHNS CREEK PARKWAY, STE 400, JOHNS CREEK GA 30097
Anthony R Norwood	officer: EVP & CHRO	11465 JOHNS CREEK PARKWAY, JOHNS CREEK GA 30097
Kelly W Benton	officer: VP & Controller	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Rohit Lal	officer: VP Information Technology, CIO	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Kevin A Henry	director	13024 BALLANTYNE CORPORATE PLACE, HARRIS BUILDING, SUITE 900, CHARLOTTE NC 28277
Donald R James	director	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Karla J Staver	officer: VP Safety and Human Resources	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Stephanie R Maschmeier	officer: Controller	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097