Bolsas Y Mercados Espanoles SHMSF (Bolsas Y Mercados Espanoles SHMSF) Interest Coverage : 4.16 (As of Jun. 2020)

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What is Bolsas Y Mercados Espanoles SHMSF 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. Bolsas Y Mercados Espanoles SHMSF's Operating Income for the three months ended in Jun. 2020 was $37.6 Mil. Bolsas Y Mercados Espanoles SHMSF's Interest Expense for the three months ended in Jun. 2020 was $-9.1 Mil. Bolsas Y Mercados Espanoles SHMSF's interest coverage for the quarter that ended in Jun. 2020 was 4.16. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Bolsas Y Mercados Espanoles SHMSF's Interest Coverage or its related term are showing as below:

SOHMF's Interest Coverage is not ranked ^*
in the Capital Markets industry.
Industry Median: 20.56
* 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.

Bolsas Y Mercados Espanoles SHMSF Interest Coverage Historical Data

The historical data trend for Bolsas Y Mercados Espanoles SHMSF'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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Bolsas Y Mercados Espanoles SHMSF Interest Coverage Chart

Bolsas Y Mercados Espanoles SHMSF Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Coverage

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1,669.08

1,946.53

1,533.63

1,222.36

170.72

Bolsas Y Mercados Espanoles SHMSF Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Interest Coverage	Get a 7-Day Free Trial															7.90	206.48	45.18	132.45	4.16

Competitive Comparison of Bolsas Y Mercados Espanoles SHMSF's Interest Coverage

For the Financial Data & Stock Exchanges subindustry, Bolsas Y Mercados Espanoles SHMSF'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.

Bolsas Y Mercados Espanoles SHMSF's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bolsas Y Mercados Espanoles SHMSF's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bolsas Y Mercados Espanoles SHMSF's Interest Coverage falls into.

Bolsas Y Mercados Espanoles SHMSF 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.

Bolsas Y Mercados Espanoles SHMSF's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, Bolsas Y Mercados Espanoles SHMSF's Interest Expense was $-1.1 Mil. Its Operating Income was $179.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2019 )	/	Interest Expense (A: Dec. 2019 )
	=	-1	*	179.422	/	-1.051
	=	170.72

Bolsas Y Mercados Espanoles SHMSF's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Here, for the three months ended in Jun. 2020, Bolsas Y Mercados Espanoles SHMSF's Interest Expense was $-9.1 Mil. Its Operating Income was $37.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2020 )	/	Interest Expense (Q: Jun. 2020 )
	=	-1	*	37.648	/	-9.05
	=	4.16

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

Bolsas Y Mercados Espanoles SHMSF (GREY:SOHMF) 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 .

Bolsas Y Mercados Espanoles SHMSF Interest Coverage Related Terms

Thank you for viewing the detailed overview of Bolsas Y Mercados Espanoles SHMSF's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Bolsas Y Mercados Espanoles SHMSF (Bolsas Y Mercados Espanoles SHMSF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bolsas Y Mercados Espanoles SHMSF SA (GREY:SOHMF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Palacio de la Bolsa, Plaza de la Lealtad 1, Madrid, ESP, 28014

Website

http://www.bolsasymercados.es

Bolsas Y Mercados Espanoles SHMSF SA is a financial market and securities exchange operator based in Spain but with global exposure. Most investors on the Bolsa are non-Spanish as more than three quarters of trading is due to nonresident buyers or sellers. The company is organized into six business units, including equities, fixed income, derivatives, clearing, settlement, and market data and value-added services. Like most exchanges, the company relies heavily on technology in carrying out its business model and also provides central counterparty services. The company's revenue is heaving contingent on trading volumes.

Bolsas Y Mercados Espanoles SHMSF (Bolsas Y Mercados Espanoles SHMSF) Headlines

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