EIDP (CTAPA.PFD) Interest Coverage : 17.00 (As of Mar. 2024)

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What is EIDP 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. EIDP's Operating Income for the three months ended in Mar. 2024 was $697.00 Mil. EIDP's Interest Expense for the three months ended in Mar. 2024 was $-41.00 Mil. EIDP's interest coverage for the quarter that ended in Mar. 2024 was 17.00. The higher the ratio, the stronger the company's financial strength is.

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

CTApA.PFD' s Interest Coverage Range Over the Past 10 Years
Min: 4.29 Med: 9.19 Max: 43.9
Current: 10.85

CTApA.PFD's Interest Coverage is not ranked
in the Agriculture industry.
Industry Median: 6.69 vs CTApA.PFD: 10.85

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

EIDP Interest Coverage Historical Data

The historical data trend for EIDP'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.

EIDP Interest Coverage Chart

EIDP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.29

18.73

43.90

24.41

9.06

EIDP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															29.39	16.59	-	4.13	17.00

Competitive Comparison of EIDP's Interest Coverage

For the Agricultural Inputs subindustry, EIDP'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.

EIDP's Interest Coverage Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, EIDP's Interest Coverage distribution charts can be found below:

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

EIDP 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.

EIDP'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, EIDP's Interest Expense was $-233.00 Mil. Its Operating Income was $2,110.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,291.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	2110	/	-233
	=	9.06

EIDP's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, EIDP's Interest Expense was $-41.00 Mil. Its Operating Income was $697.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,492.00 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	697	/	-41
	=	17.00

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

EIDP (NYSE:CTApA.PFD) 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 .

EIDP Interest Coverage Related Terms

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

EIDP (CTAPA.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » EIDP Inc (NYSE:CTApA.PFD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CTApB.PFD:USA

Address

9330 Zionsville Road, Indianapolis, IN, USA, 46268

Website

https://www.dupont.com

EIDP Inc formerly, E.I. du Pont de Nemours & Co provides Agricultural solutions to the farmers. The company operates in two segments: seed and crop protection. The seed segment develops and supplies commercial seed combining superior germplasm with advanced traits to produce high yield potential for farmers, while the crop protection segment supplies products to protect crop yields against weeds, insects, and disease. Some of its products include Corn, Soybean, oilseeds, Fungicides, Herbicides, and Insecticides. Its geographical segments include North America, EMEA(Europe, the Middle East, and Africa), Latin America, and the Asia Pacific. Nearly half of the revenue comes from North America.

Executives

Rajan Gajaria	officer: EVP, Business Platforms	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Fuerer Cornel B	officer: SVP, Gen Counsel and Secretary	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Gregory R Page	director	EATON CENTER, 1111 SUPERIOR AVENUE, CLEVELAND OH 44114
Lois D Juliber	director	1007 MARKET ST, WILMINGTON DE 19898
Michael O. Johanns	director	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Collins James C. Jr.	director, officer: Chief Executive Officer	1007 MARKET STREET, D-9058, WILMINGTON DE 19898
Gregory R Friedman	officer: Executive VP, CFO	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Timothy P Glenn	officer: EVP, Chief Commercial Officer	C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Pat Ward	director	500 JACKSON STREET, COLUMBUS IN 47201
Lee M Thomas	director	133 PEACHTREE ST NE, 41ST FL, ATLANTA GA 30303
Robert A Brown	director	1007 MARKET STREET, D-9000, WILMINGTON DE 19898
Lamberto Andreotti	director	BRISTOL-MYERS SQUIBB CO, 345 PARK AVENUE, NEW YORK NY 10154
Marcos M Lutz	director	C/O CORTEVA AGRISCIENCE, CHESTNUT RUN PLAZA, 735, 974 CENTRE RD, WILMINGTON DE 19805
Rebecca B. Liebert	director	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Nayaki R Nayyar	director	C/O VERITONE, INC., 575 ANTON BOULEVARD, SUITE 100, COSTA MESA CA 92626