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Matba Rofex Sociedad Anonima (BUE:MTR) Interest Coverage : 1.41 (As of Mar. 2024)


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What is Matba Rofex Sociedad Anonima 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. Matba Rofex Sociedad Anonima's Operating Income for the three months ended in Mar. 2024 was ARS160 Mil. Matba Rofex Sociedad Anonima's Interest Expense for the three months ended in Mar. 2024 was ARS-113 Mil. Matba Rofex Sociedad Anonima's interest coverage for the quarter that ended in Mar. 2024 was 1.41. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Matba Rofex Sociedad Anonima has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Matba Rofex Sociedad Anonima's Interest Coverage or its related term are showing as below:

BUE:MTR' s Interest Coverage Range Over the Past 10 Years
Min: 59.07   Med: 148.44   Max: 855.12
Current: 73.05


BUE:MTR's Interest Coverage is not ranked
in the Capital Markets industry.
Industry Median: 19.96 vs BUE:MTR: 73.05

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


Matba Rofex Sociedad Anonima Interest Coverage Historical Data

The historical data trend for Matba Rofex Sociedad Anonima'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.

* Premium members only.

Matba Rofex Sociedad Anonima Interest Coverage Chart

Matba Rofex Sociedad Anonima Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 277.08 170.77 855.12 566.45 90.41

Matba Rofex Sociedad Anonima Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only 22.64 - 42.28 45.76 1.41

Competitive Comparison of Matba Rofex Sociedad Anonima's Interest Coverage

For the Financial Data & Stock Exchanges subindustry, Matba Rofex Sociedad Anonima'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.


Matba Rofex Sociedad Anonima's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Matba Rofex Sociedad Anonima's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Matba Rofex Sociedad Anonima's Interest Coverage falls into.



Matba Rofex Sociedad Anonima 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.

Matba Rofex Sociedad Anonima's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Matba Rofex Sociedad Anonima's Interest Expense was ARS-91 Mil. Its Operating Income was ARS8,269 Mil. And its Long-Term Debt & Capital Lease Obligation was ARS1,076 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2023 )/Interest Expense (A: Jun. 2023 )
=-1*8269.403/-91.462
=90.41

Matba Rofex Sociedad Anonima's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Matba Rofex Sociedad Anonima's Interest Expense was ARS-113 Mil. Its Operating Income was ARS160 Mil. And its Long-Term Debt & Capital Lease Obligation was ARS2,831 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*159.655/-112.921
=1.41

* 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.


Matba Rofex Sociedad Anonima  (BUE:MTR) 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 .


Matba Rofex Sociedad Anonima Interest Coverage Related Terms

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


Matba Rofex Sociedad Anonima (BUE:MTR) Business Description

Traded in Other Exchanges
N/A
Address
Paraguay 777 Piso 15, Rosario, ARG
Matba Rofex Sociedad Anonima is an agricultural futures and options Exchange in Latin America. Approximately, more than 75 members trade futures and options contracts on agricultural commodities using the open outcry system or company's electronic platform. The company registers, guarantees, clears and settles every contract traded at the Exchange. It also offers through Fundación MATba a large number of educational and training programs. These programs cover a range of topics involving derivatives, strategies and back office administration, among others.

Matba Rofex Sociedad Anonima (BUE:MTR) Headlines

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