Hillman Solutions (Hillman Solutions) Interest Coverage : 0.28 (As of Dec. 2023)

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What is Hillman Solutions 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. Hillman Solutions's Operating Income for the three months ended in Dec. 2023 was $4 Mil. Hillman Solutions's Interest Expense for the three months ended in Dec. 2023 was $-15 Mil. Hillman Solutions's interest coverage for the quarter that ended in Dec. 2023 was 0.28. The higher the ratio, the stronger the company's financial strength is.

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

HLMN' s Interest Coverage Range Over the Past 10 Years
Min: 0.07 Med: 0.66 Max: 0.89
Current: 0.89

HLMN's Interest Coverage is ranked worse than
96.09% of 2302 companies
in the Industrial Products industry
Industry Median: 13.765 vs HLMN: 0.89

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

Hillman Solutions Interest Coverage Historical Data

The historical data trend for Hillman Solutions'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.

Hillman Solutions Interest Coverage Chart

Hillman Solutions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

0.07

0.66

0.15

0.73

0.89

Hillman Solutions Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial											0.24	0.06	1.15	2.08	0.28

Competitive Comparison of Hillman Solutions's Interest Coverage

For the Tools & Accessories subindustry, Hillman Solutions'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.

Hillman Solutions's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hillman Solutions's Interest Coverage distribution charts can be found below:

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

Hillman Solutions 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.

Hillman Solutions'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, Hillman Solutions's Interest Expense was $-68 Mil. Its Operating Income was $61 Mil. And its Long-Term Debt & Capital Lease Obligation was $812 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	60.928	/	-68.31
	=	0.89

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

Here, for the three months ended in Dec. 2023, Hillman Solutions's Interest Expense was $-15 Mil. Its Operating Income was $4 Mil. And its Long-Term Debt & Capital Lease Obligation was $812 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4.3	/	-15.43
	=	0.28

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

Hillman Solutions (NAS:HLMN) 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 .

Hillman Solutions Interest Coverage Related Terms

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

Hillman Solutions (Hillman Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hillman Solutions Corp (NAS:HLMN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1280 Kemper Meadow Drive, Forest Park, OH, USA, 45240

Website

https://www.hillmangroup.com

Hillman Solutions Corp is a provider of hardware-related products and related merchandising services to retail markets in North America. The company sells its products to hardware stores, home centers, mass merchants, pet supply stores, and other retail outlets. Its product lines include thousands of small parts such as fasteners and related hardware items; threaded rod and metal shapes; keys and accessories; builder's hardware; personal protective equipment, such as gloves and eye-wear; and identification items, such as tags and letters, numbers, and signs. The segments of the group are Hardware and Protective Solutions, which is the key revenue-generating segment; Robotics and Digital Solutions; and Canada. It has a business presence in the US, Canada and Mexico.

Executives

Diane Honda	director	C/O BARRACUDA NETWORKS, INC., 3175 S. WINCHESTER BLVD., CAMPBELL CA 95008
Ccmp Capital, Lp	10 percent owner	245 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10167
Aaron Jerrod Parker	officer: VP - Human Resources	1280 KEMPER MEADOW DR., FOREST PARK OH 45240
Robert O. Kraft	officer: CFO and Treasurer	ONE CVS DRIVE, WOONSOCKET RI 02895
Douglas Cahill	director, officer: COB, President and CEO	1040 CHANCERY LANE, NASHVILLED TN 37215
Scott Kelley Moore	officer: Chief Technology Officer	10590 HAMILTON AVE., CINCINNATI OH 45231
Leary Dan O	director	10590 HAMILTON AVENUE, CINCINNATI OH 45231-0012
Ccmp Co-invest Iii A Gp, Llc	10 percent owner	C/O CCMP CAPITAL ADVISORS, LP, 277 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10172
Ccmp Capital Investors Iii (employee), L.p.	10 percent owner	C/O CCMP CAPITAL ADVISORS, LLC, 245 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10167
Ccmp Capital Investors Iii, L.p.	10 percent owner	C/O CCMP CAPITAL ADVISORS, LLC, 245 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10167
Ccmp Capital Associates Iii Gp, Llc	10 percent owner	C/O CCMP CAPITAL ADVISORS, LP, 277 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10172
Ccmp Capital Gp, Llc	10 percent owner	1 ROCKEFELLER PLAZA, 16TH FLOOR, NEW YORK NY 10020
Ccmp Capital Associates Iii, L.p.	10 percent owner	C/O CCMP CAPITAL ADVISORS, LP, 277 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10172
Ccmp Co-invest Iii A, L.p.	10 percent owner	C/O CCMP CAPITAL ADVISORS, LLC, 245 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10167
Jarrod Streng	officer: See Remarks	10590 HAMILTON AVENUE, CINCINNATI OH 45231-0012