GlaxoSmithKline PLC

Published by Stock Analysis on Net

Last updated: 2018-02-11 06:27:30

Interest Coverage

2016 2015 2014 2013

Selected Financial Data

GBP in millions

Net income (loss) 1,062 8,372 2,831 5,628
Add: Income tax expense (benefit) 877 2,154 137 1,019
Add: Interest expense 736 757 727 767
Earnings before interest and tax (EBIT)
2,675
11,283
3,695
7,414
Interest expense 736 757 727 767

Ratio

Interest coverage 3.63 14.90 5.08 9.67

2016 calculation:

Interest coverage = EBIT ÷ Interest expense
= 2,675 ÷ 736 = 3.63