Warsaw Stock Exchange (FRA:WSX) Interest Coverage : 17.53 (As of Mar. 2024)

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What is Warsaw Stock Exchange 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. Warsaw Stock Exchange's Operating Income for the three months ended in Mar. 2024 was €5.4 Mil. Warsaw Stock Exchange's Interest Expense for the three months ended in Mar. 2024 was €-0.3 Mil. Warsaw Stock Exchange's interest coverage for the quarter that ended in Mar. 2024 was 17.53. 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. Warsaw Stock Exchange has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Warsaw Stock Exchange's Interest Coverage or its related term are showing as below:

FRA:WSX' s Interest Coverage Range Over the Past 10 Years
Min: 6.25 Med: 19.32 Max: 139.85
Current: 82.14

FRA:WSX's Interest Coverage is ranked better than
62.2% of 455 companies
in the Capital Markets industry
Industry Median: 19.96 vs FRA:WSX: 82.14

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

Warsaw Stock Exchange Interest Coverage Historical Data

The historical data trend for Warsaw Stock Exchange'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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Warsaw Stock Exchange Interest Coverage Chart

Warsaw Stock Exchange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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6.25

10.61

21.81

23.11

139.74

Warsaw Stock Exchange 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															31.77	90.90	53.28	-	17.53

Competitive Comparison of Warsaw Stock Exchange's Interest Coverage

For the Financial Data & Stock Exchanges subindustry, Warsaw Stock Exchange'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.

Warsaw Stock Exchange's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Warsaw Stock Exchange's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Warsaw Stock Exchange's Interest Coverage falls into.

Warsaw Stock Exchange 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.

Warsaw Stock Exchange'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, Warsaw Stock Exchange's Interest Expense was €-0.2 Mil. Its Operating Income was €30.3 Mil. And its Long-Term Debt & Capital Lease Obligation was €4.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	30.323	/	-0.217
	=	139.74

Warsaw Stock Exchange's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Warsaw Stock Exchange's Interest Expense was €-0.3 Mil. Its Operating Income was €5.4 Mil. And its Long-Term Debt & Capital Lease Obligation was €5.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	5.433	/	-0.31
	=	17.53

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

Warsaw Stock Exchange (FRA:WSX) 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 .

Warsaw Stock Exchange Interest Coverage Related Terms

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

Warsaw Stock Exchange (FRA:WSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Warsaw Stock Exchange (FRA:WSX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

GPW:Poland

Address

ul. Ksiazeca 4, Warsaw, POL, 00-498

Website

http://www.gpw.pl

Warsaw Stock Exchange is a securities exchange based in Poland whose core activities include organizing exchange trading in financial instruments and activities related to such trading. The group also pursues activities in education, promotion, and information concerning the capital market. The company has traditionally generated listed interest from both local and regional European companies but primarily from small and medium-sized Polish companies. In addition to stock and bond offerings, the exchange also offers trading in debt instruments, derivatives, commodities, and structured products. Sales revenue is classified according to three main business segments: financial market, commodity market, and other.

Warsaw Stock Exchange (FRA:WSX) Headlines

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