Novartis AG

Published by Stock Analysis on Net

Last updated: 2018-02-11 07:56:36

Interest Coverage

2016 2015 2014 2013

Selected Financial Data

USD in millions

Net income (loss) 6,698 17,794 10,280 9,292
Add: Income tax expense (benefit) 1,119 1,106 1,545 1,498
Add: Interest expense 707 655 704 683
Earnings before interest and tax (EBIT)
8,524
19,555
12,529
11,473
Interest expense 707 655 704 683

Ratio

Interest coverage 12.06 29.85 17.80 16.80

2016 calculation:

Interest coverage = EBIT ÷ Interest expense
= 8,524 ÷ 707 = 12.06