Elixirr International (LSE:ELIX) Interest Coverage : 16.72 (As of Dec. 2023)

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What is Elixirr International 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. Elixirr International's Operating Income for the six months ended in Dec. 2023 was £10.47 Mil. Elixirr International's Interest Expense for the six months ended in Dec. 2023 was £-0.63 Mil. Elixirr International's interest coverage for the quarter that ended in Dec. 2023 was 16.72. The higher the ratio, the stronger the company's financial strength is.

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

LSE:ELIX' s Interest Coverage Range Over the Past 10 Years
Min: 11.43 Med: 23.24 Max: 50.96
Current: 23.24

LSE:ELIX's Interest Coverage is ranked better than
58.24% of 795 companies
in the Business Services industry
Industry Median: 13.62 vs LSE:ELIX: 23.24

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

Elixirr International Interest Coverage Historical Data

The historical data trend for Elixirr International'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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Elixirr International Interest Coverage Chart

Elixirr International Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

11.43

24.60

50.96

13.44

23.24

Elixirr International Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial				42.90	22.57	9.50	38.75	16.72

Competitive Comparison of Elixirr International's Interest Coverage

For the Consulting Services subindustry, Elixirr International'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.

Elixirr International's Interest Coverage Distribution in the Business Services Industry

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

* The bar in red indicates where Elixirr International's Interest Coverage falls into.

Elixirr International 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.

Elixirr International'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, Elixirr International's Interest Expense was £-0.89 Mil. Its Operating Income was £20.66 Mil. And its Long-Term Debt & Capital Lease Obligation was £4.21 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	20.657	/	-0.889
	=	23.24

Elixirr International's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Elixirr International's Interest Expense was £-0.63 Mil. Its Operating Income was £10.47 Mil. And its Long-Term Debt & Capital Lease Obligation was £4.21 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	10.466	/	-0.626
	=	16.72

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

Elixirr International (LSE:ELIX) 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 .

Elixirr International Interest Coverage Related Terms

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

Elixirr International (LSE:ELIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Elixirr International PLC (LSE:ELIX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ELXXF:USA 54K:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.elixirr.com

Elixirr International PLC is a provider of management consultancy services. The company is principally engaged in the provision of consulting services, delivering innovative and bespoke solutions to a globally-recognised client base, including creative, marketing and transformation services. These challenges include future proofing against technological disruption; development and roll-out of new products, services and businesses; navigating a more complex and multinational regulatory environment; and project management and implementation of change programmes. It has worked with over 150 clients across 25 countries spanning Europe, North America, Africa, Asia and Australia, with offices in the UK and permanent presence (and employees) in the US and South Africa.

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