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MAN SE (STU:MAN) Interest Coverage : 0 (At Loss) (As of Jun. 2021)


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What is MAN SE 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. MAN SE's Operating Income for the six months ended in Jun. 2021 was €-64 Mil. MAN SE's Interest Expense for the six months ended in Jun. 2021 was €-41 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 MAN SE's Interest Coverage or its related term are showing as below:


STU:MAN's Interest Coverage is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 9.905
* 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.


MAN SE Interest Coverage Historical Data

The historical data trend for MAN SE'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.

MAN SE Interest Coverage Chart

MAN SE Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 1.81 2.98 3.36 -

MAN SE Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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 4.15 2.59 - - -

Competitive Comparison of MAN SE's Interest Coverage

For the Farm & Heavy Construction Machinery subindustry, MAN SE'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.


MAN SE's Interest Coverage Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, MAN SE's Interest Coverage distribution charts can be found below:

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



MAN SE 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.

MAN SE's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, MAN SE's Interest Expense was €-91 Mil. Its Operating Income was €-551 Mil. And its Long-Term Debt & Capital Lease Obligation was €0 Mil.

MAN SE did not have earnings to cover the interest expense.

MAN SE's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Here, for the six months ended in Jun. 2021, MAN SE's Interest Expense was €-41 Mil. Its Operating Income was €-64 Mil. And its Long-Term Debt & Capital Lease Obligation was €0 Mil.

MAN SE 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.


MAN SE  (STU:MAN) 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 .


MAN SE Interest Coverage Related Terms

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


MAN SE (STU:MAN) Business Description

Traded in Other Exchanges
N/A
Address
Dachauer Strasse 641, Munich, DEU, 80995
MAN is a commercial vehicle manufacturer and engineering company. The company organises itself into segments: MAN truck and bus and MAN Latin America, MAN truck and bus, which generates the majority of revenue, supplies commercial vehicles to Europe and Asian markets. MAN Latin America manufactures trucks and buses in Brazil.