Interest Coverage From Continuing Operations (Historical) Formula in Excel

Understanding Interest Coverage From Continuing Operations (Historical)

The Interest Coverage From Continuing Operations (Historical) formula in Excel with MarketXLS helps you quickly evaluate a company’s ability to meet its annual interest costs based on its continuing operations.

• Purpose: To assess how many times the earnings from continuing operations can cover the company’s annual interest expenses.
• Key Benefits:
  • Provides a quick snapshot of financial health.
  • Helps compare companies across industries.
  • Useful in identifying potential debt risk.
• When to Use:
  • Evaluating a company’s loan or bond repayment capacity.
  • Screening for financially stable firms in your investment strategy.

? Pro Tip: A higher interest coverage ratio often indicates improved solvency and lower risk for lenders and investors.

Syntax and Parameters

=hf_Interest_Coverage_from_Continuing_Operations(Symbol, Year, [Quarter], [TTM])

Return Value:
• A numeric value representing the interest coverage ratio for the specified period.
• Returns "NA" if the function encounters an error, the license is invalid, or the symbol is not recognized.

?? Note: If you are not subscribed to the required MarketXLS license tier, or if the symbol is invalid, this function will return "NA".

Error Handling and Special Cases

• If Symbol is incorrect or not covered by MarketXLS, the function returns "NA".
• A missing or invalid Year parameter may yield "NA" results.
• Using TTM without specifying Quarter defaults to the latest 12-month period.

Performance Considerations

• The function retrieves data via an online API call. A stable internet connection is recommended.
• If you use many fundamental data functions simultaneously, performance may vary based on your system and network speed.

Examples and Usage

Below are practical examples demonstrating different scenarios. Replace “MSFT” with your desired ticker symbol as needed.

1. Basic Annual Lookup:

   =hf_Interest_Coverage_from_Continuing_Operations("MSFT","2022")

   Returns the interest coverage ratio for the year 2022.

2. Quarterly Data:

   =hf_Interest_Coverage_from_Continuing_Operations("MSFT","2022",2)

   Returns the interest coverage ratio for the 2nd quarter of 2022.

3. TTM (Trailing Twelve Months):

   =hf_Interest_Coverage_from_Continuing_Operations("MSFT","2022",3,"TTM")

   Returns the trailing twelve-month interest coverage ratio from the 3rd quarter of 2022.

4. Last Quarter / Last Year Shortcuts:

   =hf_Interest_Coverage_from_Continuing_Operations("MSFT","lq")
   =hf_Interest_Coverage_from_Continuing_Operations("MSFT","ly")

   • “lq” fetches data for the most recent quarter on file.
   • “ly” fetches data for the last reported year.

5. Symbol Variations:

   =hf_Interest_Coverage_from_Continuing_Operations("^SPX","2022")
   =hf_Interest_Coverage_from_Continuing_Operations("@MSFT 110122C00020000","2022")
   =hf_Interest_Coverage_from_Continuing_Operations("BTCUSD:DEFAULT","2022")

   Use indices, options, or crypto symbols in the same way as regular tickers.

? Pro Tip: You can pull the Year from a cell reference (e.g., =hf_Interest_Coverage_from_Continuing_Operations("MSFT",A1)), or convert Excel date formats using =hf_Interest_Coverage_from_Continuing_Operations("MSFT", TEXT(A1,"yyyy")) for dynamic references.

Common Questions

1. Why do I get “NA” instead of a numeric value?

Possible reasons:

• Invalid or unsupported symbol.
• Expired/incompatible MarketXLS license tier.
• No data available for the specified period.

2. Can I use this function for non-US companies?

Yes, as long as MarketXLS provides data coverage for the specified symbol. Some regions or exchanges may be limited.

3. How accurate and up-to-date is the data?

MarketXLS uses reputable financial data sources. Most fundamental data is updated quarterly or annually, depending on the company’s reporting schedule.

4. Do I need a specific MarketXLS plugin or subscription?

Yes, certain fundamental functions require higher subscription tiers. If unsupported, the function returns “NA”.

?? Note: Always cross-check critical financial data with official company filings to ensure accuracy for investment decisions.

By leveraging the Interest Coverage From Continuing Operations (Historical) formula in Excel with MarketXLS, you can assess a company’s financial strength more confidently. Combine it with other fundamental metrics like revenue or R&D expenses to build a comprehensive analysis framework.