Novartis AG
Published by Stock Analysis on Net
Last updated: 2018-02-11 07:56:36
Interest Coverage
| 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|
Selected Financial DataUSD 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