Badger Meter (Badger Meter) Interest Coverage

: No Debt ⁽¹⁾ (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. Badger Meter's Operating Income for the three months ended in Dec. 2023 was $32.0 Mil. Badger Meter's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. Badger Meter has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Badger Meter Inc has no debt.

(1) 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.

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

BMI' s Interest Coverage Range Over the Past 10 Years
Min: 31.99 Med: 157.51 Max: No Debt
Current: No Debt

BMI's Interest Coverage is ranked better than
99.62% of 1591 companies
in the Hardware industry
Industry Median: 12.78 vs BMI: No Debt

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

Badger Meter Interest Coverage Historical Data

The historical data trend for Badger Meter'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.

Badger Meter Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

244.51

2,167.03

No Debt

Badger Meter Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Badger Meter'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.

Badger Meter Interest Coverage Distribution

For the Hardware industry and Technology sector, Badger Meter's Interest Coverage distribution charts can be found below:

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

Badger Meter 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.

Badger Meter'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, Badger Meter's Interest Expense was $0.0 Mil. Its Operating Income was $117.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Badger Meter had no debt ⁽¹⁾.

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

Here, for the three months ended in Dec. 2023, Badger Meter's Interest Expense was $0.0 Mil. Its Operating Income was $32.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Badger Meter had no debt ⁽¹⁾.

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

Badger Meter (NYSE:BMI) 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 .

Badger Meter Interest Coverage Related Terms

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

Badger Meter (Badger Meter) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Badger Meter Inc (NYSE:BMI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

33B:Germany 33B:Germany

Address

4545 West Brown Deer Road, Milwaukee, WI, USA, 53233

Website

https://www.badgermeter.com

Badger Meter Inc is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets. The company's products measure water, oil, chemicals, and other fluids, and provide and communicate timely measurement data. Badger's product lines include two categories: sales of water meters, radios, software, and related technologies, and water quality monitoring solutions to water utilities (utility water) and sales of meters and other sensing instruments, valves, software, and other solutions for industrial applications in water, wastewater, and other industries (flow instrumentation). It derives a majority of its revenues from the United States.

Executives

Todd A. Adams	director	4701 WEST GREENFIELD AVENUE, MILWAUKEE WI 53214
Kimberly K Stoll	officer: VP-Marketing	4545 W BROWN DEER ROAD, MILWAUKEE WI 53223
Fred J Begale	officer: VP-Engineering	4545 W BROWN DEER ROAD, MILWAUKEE WI 53223
Richard Htwe	officer: VP-Global Operations	4545 W. BROWN DEER ROAD, MILWAUKEE WI 53223
Lars Bo Kristensen	officer: VP-Global Flow and Intl Water	4545 W. BROWN DEER ROAD, MILWAUKEE WI 53223
Bergum William R A	officer: VP-Gen. Counsel and Secretary	P O BOX 245036, 4545 W BROWN DEER RD, MILWAUKEE WI 53223
Xia Liu	director	ONE ENERGY PLACE, PENSACOLA FL 32520
Gregory M Gomez	officer: VP-Engineering	4545 W BROWN DEER RD, MILWAUKEE WI 53223
Melanie K. Cook	director	4545 W. BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224
Matthew L Stuyvenberg	officer: Vice President-Water Quality	4545 W BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224
Henry F Brooks	director	4545 W. BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224-9536
Gail A Lione	director	C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208
Sheryl Hopkins	officer: VP - Human Resources	4545 W. BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224-9536
Richard A Meeusen	director, officer: President & CEO, other: Co-trustee, Officers Voting Tr	P O BOX 23099, MILWAUKEE WI 532230099
James W Mcgill	director	8550 MOSLEY ROAD, HOUSTON TX 77075