HELLA GmbH KGaA (XTER:HLE) Interest Coverage : 0.66 (As of Sep. 2023)

HELLA GmbH KGaA Interest Coverage Chart

HELLA GmbH KGaA Annual Data
	Trend	May12	May13	May14	May15	May16	May17	May18	May19	May20	May21
Interest Coverage		Get a 7-Day Free Trial					13.27	11.65	11.73	4.63	12.66

HELLA GmbH KGaA Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															3.26	6.78	4.34	5.96	0.66

Competitive Comparison of HELLA GmbH KGaA's Interest Coverage

For the Auto Parts subindustry, HELLA GmbH KGaA'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.

HELLA GmbH KGaA's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, HELLA GmbH KGaA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where HELLA GmbH KGaA's Interest Coverage falls into.

HELLA GmbH KGaA 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

HELLA GmbH KGaA's Interest Coverage for the fiscal year that ended in May. 2021 is calculated as

Here, for the fiscal year that ended in May. 2021, HELLA GmbH KGaA's Interest Expense was €-26 Mil. Its Operating Income was €324 Mil. And its Long-Term Debt & Capital Lease Obligation was €1,076 Mil.

HELLA GmbH KGaA's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, HELLA GmbH KGaA's Interest Expense was €-175 Mil. Its Operating Income was €116 Mil. And its Long-Term Debt & Capital Lease Obligation was €0 Mil.

* 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.

HELLA GmbH KGaA  (XTER:HLE) 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 .

HELLA GmbH KGaA Interest Coverage Related Terms

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HELLA GmbH KGaA (XTER:HLE) Business Description