Toyota Caetano Portugal (XLIS:SCT) Interest Coverage : 4.30 (As of Dec. 2023)

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What is Toyota Caetano Portugal 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. Toyota Caetano Portugal's Operating Income for the six months ended in Dec. 2023 was €13.3 Mil. Toyota Caetano Portugal's Interest Expense for the six months ended in Dec. 2023 was €-3.1 Mil. Toyota Caetano Portugal's interest coverage for the quarter that ended in Dec. 2023 was 4.30. The higher the ratio, the stronger the company's financial strength is.

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

XLIS:SCT' s Interest Coverage Range Over the Past 10 Years
Min: 1.27 Med: 7.81 Max: 16.94
Current: 6.5

XLIS:SCT's Interest Coverage is ranked worse than
54.84% of 1032 companies
in the Vehicles & Parts industry
Industry Median: 7.775 vs XLIS:SCT: 6.50

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

Toyota Caetano Portugal Interest Coverage Historical Data

The historical data trend for Toyota Caetano Portugal'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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Toyota Caetano Portugal Interest Coverage Chart

Toyota Caetano Portugal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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9.12

3.05

12.23

16.94

6.50

Toyota Caetano Portugal Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															14.71	19.07	15.38	9.95	4.30

Competitive Comparison of Toyota Caetano Portugal's Interest Coverage

For the Auto Manufacturers subindustry, Toyota Caetano Portugal'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.

Toyota Caetano Portugal's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Caetano Portugal's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Toyota Caetano Portugal's Interest Coverage falls into.

Toyota Caetano Portugal 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.

Toyota Caetano Portugal'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, Toyota Caetano Portugal's Interest Expense was €-5.1 Mil. Its Operating Income was €32.9 Mil. And its Long-Term Debt & Capital Lease Obligation was €32.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	32.859	/	-5.058
	=	6.50

Toyota Caetano Portugal's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Toyota Caetano Portugal's Interest Expense was €-3.1 Mil. Its Operating Income was €13.3 Mil. And its Long-Term Debt & Capital Lease Obligation was €32.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	13.263	/	-3.088
	=	4.30

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

Toyota Caetano Portugal (XLIS:SCT) 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 .

Toyota Caetano Portugal Interest Coverage Related Terms

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

Toyota Caetano Portugal (XLIS:SCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyota Caetano Portugal SA (XLIS:SCT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Vasco da Gama, No. 1410, Vila Nova de Gaia, PRT, 4431-956

Website

https://www.toyotacaetano.pt

Toyota Caetano Portugal SA is a Portugal-based company involved in the automotive industry. The business activity of the group includes the import, assembly, and commercialization of light and heavy vehicles, and the import and sale of industrial equipment. In addition, it also provides technical after-sales services. The company distributes its products under the Toyota and Lexus brand names. Geographically the business presence of the firm is seen across the region of Belgium, African countries, Spain, Germany, the UK, and others.