Glunz & Jensen Holding A/S (OCSE:GJ) Interest Coverage : 0.56 (As of Dec. 2023)

Glunz & Jensen Holding A/S Interest Coverage Chart

Glunz & Jensen Holding A/S Annual Data
	Trend	May13	May14	May15	May16	May17	Mar19	Mar20	Mar21	Mar22	Dec23
Interest Coverage		Get a 7-Day Free Trial					-	-	0.99	7.28	1.90

Glunz & Jensen Holding A/S Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															4.94	12.33	5.43	2.88	0.56

Competitive Comparison of Glunz & Jensen Holding A/S's Interest Coverage

For the Specialty Industrial Machinery subindustry, Glunz & Jensen Holding A/S'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.

Glunz & Jensen Holding A/S's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Glunz & Jensen Holding A/S's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Glunz & Jensen Holding A/S's Interest Coverage falls into.

Glunz & Jensen Holding A/S 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Glunz & Jensen Holding A/S'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, Glunz & Jensen Holding A/S's Interest Expense was kr-4.5 Mil. Its Operating Income was kr8.6 Mil. And its Long-Term Debt & Capital Lease Obligation was kr56.7 Mil.

Glunz & Jensen Holding A/S's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Glunz & Jensen Holding A/S's Interest Expense was kr-1.9 Mil. Its Operating Income was kr1.1 Mil. And its Long-Term Debt & Capital Lease Obligation was kr56.7 Mil.

* 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.

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

Glunz & Jensen Holding A/S  (OCSE:GJ) 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 .

Glunz & Jensen Holding A/S Interest Coverage Related Terms

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Glunz & Jensen Holding A/S (OCSE:GJ) Business Description