Betolar Oyj (OHEL:BETOLAR) Interest Coverage : N/A (As of Dec. 2023)

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What is Betolar Oyj 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. Betolar Oyj's Operating Income for the six months ended in Dec. 2023 was €-6.19 Mil. Betolar Oyj's Interest Expense for the six months ended in Dec. 2023 was €0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Betolar Oyj has enough cash to cover all of its debt. Its financial situation is stable.

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

OHEL:BETOLAR's Interest Coverage is not ranked ^*
in the Building Materials industry.
Industry Median: 6.575
* 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.

Betolar Oyj Interest Coverage Historical Data

The historical data trend for Betolar Oyj'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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Betolar Oyj Interest Coverage Chart

Betolar Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Betolar Oyj Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			-	N/A	N/A	N/A	N/A

Competitive Comparison of Betolar Oyj's Interest Coverage

For the Building Materials subindustry, Betolar Oyj'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.

Betolar Oyj's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Betolar Oyj's Interest Coverage distribution charts can be found below:

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

Betolar Oyj 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.

Betolar Oyj'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, Betolar Oyj's Interest Expense was €-0.17 Mil. Its Operating Income was €-13.26 Mil. And its Long-Term Debt & Capital Lease Obligation was €5.41 Mil.

Betolar Oyj did not have earnings to cover the interest expense.

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

Here, for the six months ended in Dec. 2023, Betolar Oyj's Interest Expense was €0.00 Mil. Its Operating Income was €-6.19 Mil. And its Long-Term Debt & Capital Lease Obligation was €5.41 Mil.

GuruFocus does not calculate Betolar Oyj's interest coverage with the available data.

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

Betolar Oyj (OHEL:BETOLAR) 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 .

Betolar Oyj Interest Coverage Related Terms

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

Betolar Oyj (OHEL:BETOLAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Betolar Oyj (OHEL:BETOLAR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mannilantie 9, Kannonkoski, FIN, 43300

Website

https://www.betolar.com

Betolar Oyj is a Finnish materials technology company in the growth stage, whose mission is to enable the green transition of different industries globally, especially in the construction, process, and energy industries, by offering solutions for the utilization of its material technology. With its Geoprime solution, the company offers an alternative for producing sustainable and low-carbon concrete and concrete applications. The solution can be used to convert previously under-used or unused industrial side streams into a substitute for cement used in the production of concrete. Its product offering is divided into four segments: precast small concrete products, building elements, mining, and recycling of untapped side streams.

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