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Hudson Technologies (Hudson Technologies) Interest Coverage : 59.70 (As of Mar. 2024)


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What is Hudson Technologies 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. Hudson Technologies's Operating Income for the three months ended in Mar. 2024 was $12.8 Mil. Hudson Technologies's Interest Expense for the three months ended in Mar. 2024 was $-0.2 Mil. Hudson Technologies's interest coverage for the quarter that ended in Mar. 2024 was 59.70. The higher the ratio, the stronger the company's financial strength is.

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

HDSN' s Interest Coverage Range Over the Past 10 Years
Min: 0.48   Med: 9.18   Max: 16.95
Current: 9.36


HDSN's Interest Coverage is ranked worse than
51.48% of 1179 companies
in the Chemicals industry
Industry Median: 9.81 vs HDSN: 9.36

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


Hudson Technologies Interest Coverage Historical Data

The historical data trend for Hudson Technologies'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.

Hudson Technologies Interest Coverage Chart

Hudson Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.48 3.72 9.18 9.36

Hudson Technologies 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.25 14.56 5.31 19.27 59.70

Competitive Comparison of Hudson Technologies's Interest Coverage

For the Specialty Chemicals subindustry, Hudson Technologies'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.


Hudson Technologies's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hudson Technologies's Interest Coverage distribution charts can be found below:

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



Hudson Technologies 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.

Hudson Technologies'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, Hudson Technologies's Interest Expense was $-8.4 Mil. Its Operating Income was $78.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.8 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*78.172/-8.352
=9.36

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

Here, for the three months ended in Mar. 2024, Hudson Technologies's Interest Expense was $-0.2 Mil. Its Operating Income was $12.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.5 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*12.776/-0.214
=59.70

* 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.


Hudson Technologies  (NAS:HDSN) 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 .


Hudson Technologies Interest Coverage Related Terms

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


Hudson Technologies (Hudson Technologies) Business Description

Traded in Other Exchanges
N/A
Address
300 Tice Boulevard, Suite 290, Woodcliff Lake, NJ, USA, 07677
Hudson Technologies Inc is an American industrial products manufacturer. It develops products which are mainly used in commercial air conditioning, industrial processing, and refrigeration systems. The company products include refrigerant and industrial gases, refrigerant management services and RefrigerantSide services, which consist of system decontamination. These are performed at a customer's site using its Zugibeast system, which is a fast and portable system and allows the R-Side services team to accelerate critical services while saving customers time, money and aggravation. The company also owns a web-based real-time monitoring service which is used in the facility's refrigeration systems and other energy systems.
Executives
Richard Parrillo director 101 S. FT. LAUDERDALE BEACH BLVD, FT. LAUDERDALE FL 33316
Eric A Prouty director 107 SLOUGH RD, HARVARD MA 01451
Vincent P Abbatecola director
Kenneth Gaglione officer: VP-Operations ONE BLUE HILL PLAZA, 14TH FLOOR, PEARL RIVER NY 10965
Nat Krishnamurti officer: VP, Chief Financial Officer C/O INVENTIV HEALTH, INC., 500 ATRIUM DRIVE, SOMERSET NJ 08873
Nicole E Bulgarino director C/O AMERESCO, INC., 111 SPEEN ST, SUITE 410, FRAMINGHAM MA 01701
Loan Nguyen Mansy director C/O HUDSON TECHNOLOGIES, INC., 300 TICE BOULEVARD, SUITE 290, WOODCLIFF LAKE NJ 07677
Stephen P Mandracchia officer: Vice President, Secretary 2 HERITAGE COURT, WARWICK NY 10990
Kathleen Houghton officer: VP - Sales and Marketing ONE BLUE HILL PLAZA, 14TH FLOOR, PEARL RIVER NY 10965
Brian F Coleman officer: President
Otto C Morch director
Estate Of Kevin J. Zugibe 10 percent owner 30 TAVARONE STREET, GARNERVILLE NY 10923
Dominic J Monetta director
Jill Kathleen Frizzley director P.O. BOX 1541, ONE BLUE HILL PLAZA, PEARL RIVER NY 10965
Ryan A Maupin officer: Chief Restructuring Officer P.O. BOX 1541, ONE BLUE HILL PLAZA, PEARL RIVER NY 10965