Interest Burden Percent
Interest Burden Percent is a financial metric that indicates the proportion of a company's operating profit that is being used to cover its interest expense. It is calculated by dividing a company's interest expense by its operating profit and then multiplying the result by 100. The Interest Burden Percent is used by investors and financial analysts to evaluate a company's financial risk and its ability to service its debt obligations. A higher Interest Burden Percent indicates that the company may have a higher financial risk as it would need to use a larger portion of its operating profit to cover its interest expense. On the other hand, a lower Interest Burden Percent indicates that the company may be in a better financial position to service its debt obligations with its operating profit.
Additional Details
| Metric Name |
Type |
Default Period Type |
| interest_burden_pct |
fin_metric |
FY |
| Data Format |
Display Format |
Unit |
| float |
perc |
percentage |