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DSM Firmenich AG (XAMS:DSFIR) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is DSM Firmenich 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. DSM Firmenich AG's Operating Income for the six months ended in Dec. 2023 was €-136 Mil. DSM Firmenich AG's Interest Expense for the six months ended in Dec. 2023 was €-91 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


XAMS:DSFIR's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.52
* 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.

DSM Firmenich AG Interest Coverage Historical Data

The historical data trend for DSM Firmenich 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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DSM Firmenich AG Interest Coverage Chart

DSM Firmenich AG Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
3.81 5.05 -

DSM Firmenich AG Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage No Debt 10.21 2.85 - -

Competitive Comparison of DSM Firmenich AG's Interest Coverage

For the Household & Personal Products subindustry, DSM Firmenich 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.

DSM Firmenich AG's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, DSM Firmenich AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where DSM Firmenich AG's Interest Coverage falls into.


DSM Firmenich 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.

DSM Firmenich AG'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, DSM Firmenich AG's Interest Expense was €-168 Mil. Its Operating Income was €-507 Mil. And its Long-Term Debt & Capital Lease Obligation was €4,114 Mil.

DSM Firmenich AG did not have earnings to cover the interest expense.

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

Here, for the six months ended in Dec. 2023, DSM Firmenich AG's Interest Expense was €-91 Mil. Its Operating Income was €-136 Mil. And its Long-Term Debt & Capital Lease Obligation was €4,114 Mil.

DSM Firmenich AG did not have earnings to cover the interest expense.

* 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.

DSM Firmenich AG  (XAMS:DSFIR) 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 .

DSM Firmenich AG Interest Coverage Related Terms

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DSM Firmenich AG (XAMS:DSFIR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DSM Firmenich AG (XAMS:DSFIR) » Definitions » Interest Coverage
Comparable Companies
Traded in Other Exchanges
DSFIRa:UK 0AC9:UK ZX6:Germany DSFI:Austria
Address
Wurmisweg 576, Kaiseraugst, CHE, 4303
Website
https://www.dsm-firmenich.com/corporate/home.html
DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

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