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Spectrum Group International (Spectrum Group International) Interest Coverage : 0 (At Loss) (As of Dec. 2013)


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What is Spectrum Group 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. Spectrum Group International's Operating Income for the three months ended in Dec. 2013 was $-3 Mil. Spectrum Group International's Interest Expense for the three months ended in Dec. 2013 was $-1 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 Spectrum Group International's Interest Coverage or its related term are showing as below:


SPGZ's Interest Coverage is not ranked *
in the Retail - Cyclical industry.
Industry Median: 7.825
* 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.


Spectrum Group International Interest Coverage Historical Data

The historical data trend for Spectrum Group 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.

* Premium members only.

Spectrum Group International Interest Coverage Chart

Spectrum Group International Annual Data
Trend Jun02 Jun03 Jun04 Jun05 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.88 - 2.67 - 0.78

Spectrum Group International Quarterly Data
Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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 - 0.73 3.61 0.92 -

Competitive Comparison of Spectrum Group International's Interest Coverage

For the Specialty Retail subindustry, Spectrum Group 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.


Spectrum Group International's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Spectrum Group International's Interest Coverage distribution charts can be found below:

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



Spectrum Group 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.

Spectrum Group International's Interest Coverage for the fiscal year that ended in Jun. 2013 is calculated as

Here, for the fiscal year that ended in Jun. 2013, Spectrum Group International's Interest Expense was $-4 Mil. Its Operating Income was $3 Mil. And its Long-Term Debt & Capital Lease Obligation was $9 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2013 )/Interest Expense (A: Jun. 2013 )
=-1*3.416/-4.404
=0.78

Spectrum Group International's Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Here, for the three months ended in Dec. 2013, Spectrum Group International's Interest Expense was $-1 Mil. Its Operating Income was $-3 Mil. And its Long-Term Debt & Capital Lease Obligation was $9 Mil.

Spectrum Group International 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.


Spectrum Group International  (OTCPK:SPGZ) 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 .


Spectrum Group International Interest Coverage Related Terms

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


Spectrum Group International (Spectrum Group International) Business Description

Traded in Other Exchanges
N/A
Address
1063 McGaw, Suite 250, Irvine, CA, USA, 92614
Spectrum Group International Inc is an auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers. It operates in two segments: Trading and Collectibles.The Trading segment operates through A-Mar.
Executives
Gregory N Roberts director, 10 percent owner, officer: President and CEO 2625 ST ANDREWS, TUSTIN CA 92660
Carol Meltzer officer: General Counsel and EVP 775 PASSAIC AVE, WEST CALDWELL NJ 07006
Jeffrey D Benjamin director 9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019
William A Richardson 10 percent owner 2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
William Montgomery director 767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Joel R Anderson director 202 NORTH COURT STREET, FLORENCE AL 35630
Ellis Landau director CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148
Jess M Ravich director 11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025
Silver Bow Ventures Llc 10 percent owner C/O SPECTRUM GROUP INTERNATIONAL, 1063 MCGAW, IRVINE CA 92614
Moorhead John director 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Nolan Christopher William Sr director 15 TILGHMAN DRIVE, WAYNE NJ 07470
Thor Gjerdrum officer: Chief Financial Officer & EVP 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Mark B Segall director 251 WEST 89TH STREET APT 20, NEW YORK NY 10024
Matthew M Walsh officer: CFO AND EXE. V.P. ALLERGAN, 5 GIRALDA FARMS, MADISON NJ 07940

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