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Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR)
Interest Coverage
0.00 (As of Jun. 2014)

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. Grupo Aeroportuario del Sureste SAB de CV's Operating Income for the three months ended in Jun. 2014 was $58.7 Mil. Grupo Aeroportuario del Sureste SAB de CV's Interest Expense for the three months ended in Jun. 2014 was $0.0 Mil. Grupo Aeroportuario del Sureste SAB de CV's interest coverage for the quarter that ended in Jun. 2014 was 0.00. The higher the ratio, the stronger the company’s financial strength is.

ASR' s 10-Year Interest Coverage Range
Min: 24.5   Max: 9999.99
Current: 37.63

24.5
9999.99

During the past 13 years, the highest interest coverage of Grupo Aeroportuario del Sureste SAB de CV was 9999.99. The lowest was 24.50. And the median was 244.21.

ASR's Interest Coverageis ranked higher than
85% of the 570 Companies
in the Global Airports & Air Services industry.

( Industry Median: 5.13 vs. ASR: 37.63 )

Definition

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

Grupo Aeroportuario del Sureste SAB de CV did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt is 0, or Interest Expense is positive, then

Grupo Aeroportuario del Sureste SAB de CV had no debt.

Grupo Aeroportuario del Sureste SAB de CV's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, Grupo Aeroportuario del Sureste SAB de CV's Interest Expense was $-5.8 Mil. Its Operating Income was $217.1 Mil. And its Long-Term Debt was $211.7 Mil.

Interest Coverage=-1*Operating Income (A: Dec. 2013 )/Interest Expense (A: Dec. 2013 )
=-1*217.146346997/-5.77000453789
=37.63

Grupo Aeroportuario del Sureste SAB de CV's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

Here, for the three months ended in Jun. 2014, Grupo Aeroportuario del Sureste SAB de CV's Interest Expense was $0.0 Mil. Its Operating Income was $58.7 Mil. And its Long-Term Debt was $214.0 Mil.

Grupo Aeroportuario del Sureste SAB de CV had no debt.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

The higher the ratio, the stronger the company’s financial strength is.


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.


Related Terms

Operating Income, Interest Expense, Financial Strength


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Grupo Aeroportuario del Sureste SAB de CV Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
interest_coverage No DebtNo DebtNo Debt76.98No Debt55.05At Loss53.09113.1337.63

Grupo Aeroportuario del Sureste SAB de CV Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
interest_coverage 66.10At LossAt LossAt Loss49.32At LossAt LossAt Loss43.01At Loss
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