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LumX Group (XSWX:LUMX) Interest Coverage : 0 (At Loss) (As of Dec. 2019)


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What is LumX Group 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. LumX Group's Operating Income for the six months ended in Dec. 2019 was CHF-1.74 Mil. LumX Group's Interest Expense for the six months ended in Dec. 2019 was CHF-0.69 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 LumX Group's Interest Coverage or its related term are showing as below:


XSWX:LUMX's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 43.805
* 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.


LumX Group Interest Coverage Historical Data

The historical data trend for LumX Group'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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LumX Group Interest Coverage Chart

LumX Group Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Interest Coverage
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LumX Group Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19
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Competitive Comparison of LumX Group's Interest Coverage

For the Asset Management subindustry, LumX Group'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.


LumX Group's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, LumX Group's Interest Coverage distribution charts can be found below:

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



LumX Group 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.

LumX Group'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, LumX Group's Interest Expense was CHF-1.22 Mil. Its Operating Income was CHF-3.75 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF11.88 Mil.

LumX Group did not have earnings to cover the interest expense.

LumX Group's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Here, for the six months ended in Dec. 2019, LumX Group's Interest Expense was CHF-0.69 Mil. Its Operating Income was CHF-1.74 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF11.88 Mil.

LumX Group 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.


LumX Group  (XSWX:LUMX) 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 .


LumX Group Interest Coverage Related Terms

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


LumX Group (XSWX:LUMX) Business Description

Traded in Other Exchanges
N/A
Address
Martello Court, Admiral Park, Saint Peter Port, GGY, GY1 3HB
LumX Group Ltd is a holding company, which engages in the provision of investment, risk management, and structuring solutions to a primarily institutional client base. The company offers a full suite of products and services focused on alternative investments, multi-asset portfolio management, and risk management services. It operates through the following geographic areas: Europe, Asia Pacific, the Cayman Islands, North America, and the British Virgin Islands.

LumX Group (XSWX:LUMX) Headlines

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