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Infracommerce Caxaas (BSP:IFCM3) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Infracommerce Caxaas Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Infracommerce Caxaas's Operating Income for the three months ended in Mar. 2024 was R$-55.3 Mil. Infracommerce Caxaas's Interest Expense for the three months ended in Mar. 2024 was R$-25.6 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Infracommerce Caxaas's Interest Coverage or its related term are showing as below:


BSP:IFCM3's Interest Coverage is not ranked *
in the Business Services industry.
Industry Median: 13.48
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Infracommerce Caxaas Interest Coverage Historical Data

The historical data trend for Infracommerce Caxaas's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Infracommerce Caxaas Interest Coverage Chart

Infracommerce Caxaas Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 0.79 0.41 - - -

Infracommerce Caxaas Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - N/A -

Competitive Comparison of Infracommerce Caxaas's Interest Coverage

For the Specialty Business Services subindustry, Infracommerce Caxaas's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Infracommerce Caxaas's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Infracommerce Caxaas's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Infracommerce Caxaas's Interest Coverage falls into.



Infracommerce Caxaas Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Infracommerce Caxaas's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Infracommerce Caxaas's Interest Expense was R$-99.5 Mil. Its Operating Income was R$-20.2 Mil. And its Long-Term Debt & Capital Lease Obligation was R$437.6 Mil.

Infracommerce Caxaas did not have earnings to cover the interest expense.

Infracommerce Caxaas's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Infracommerce Caxaas's Interest Expense was R$-25.6 Mil. Its Operating Income was R$-55.3 Mil. And its Long-Term Debt & Capital Lease Obligation was R$482.7 Mil.

Infracommerce Caxaas did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


Infracommerce Caxaas  (BSP:IFCM3) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Infracommerce Caxaas Interest Coverage Related Terms

Thank you for viewing the detailed overview of Infracommerce Caxaas's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Infracommerce Caxaas (BSP:IFCM3) Business Description

Traded in Other Exchanges
N/A
Address
Av Doutor Cardoso de Melo 1855, 15º andar, Jardim Paulistano, São Paulo, SP, BRA, 04548-005
Infracommerce Caxaas SA is the largest full service company for digital businesses and works with the modular concept, bringing together platform, marketing, content, payment, logistics and SAC in three core competence cores: Omnichannel Platform, Marketing and Sales and Operations.

Infracommerce Caxaas (BSP:IFCM3) Headlines

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