Alloggio Group (ASX:ALO) Interest Coverage : 0.83 (As of Dec. 2022)

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What is Alloggio 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. Alloggio Group's Operating Income for the six months ended in Dec. 2022 was A$1.00 Mil. Alloggio Group's Interest Expense for the six months ended in Dec. 2022 was A$-1.21 Mil. Alloggio Group's interest coverage for the quarter that ended in Dec. 2022 was 0.83. The higher the ratio, the stronger the company's financial strength is.

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

ASX:ALO's Interest Coverage is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 5.115
* 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.

Alloggio Group Interest Coverage Historical Data

The historical data trend for Alloggio 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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Alloggio Group Interest Coverage Chart

Alloggio Group Annual Data

Trend

Jun21

Jun22

Interest Coverage

N/A

23.62

Alloggio Group Semi-Annual Data
	Dec21	Jun22	Dec22
Interest Coverage	1.18	-	0.83

Competitive Comparison of Alloggio Group's Interest Coverage

For the Lodging subindustry, Alloggio 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.

Alloggio Group's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Alloggio Group's Interest Coverage distribution charts can be found below:

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

Alloggio 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.

Alloggio Group's Interest Coverage for the fiscal year that ended in Jun. 2022 is calculated as

Here, for the fiscal year that ended in Jun. 2022, Alloggio Group's Interest Expense was A$-0.21 Mil. Its Operating Income was A$4.94 Mil. And its Long-Term Debt & Capital Lease Obligation was A$45.27 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2022 )	/	Interest Expense (A: Jun. 2022 )
	=	-1	*	4.937	/	-0.209
	=	23.62

Alloggio Group's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Alloggio Group's Interest Expense was A$-1.21 Mil. Its Operating Income was A$1.00 Mil. And its Long-Term Debt & Capital Lease Obligation was A$51.18 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	0.997	/	-1.207
	=	0.83

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

Alloggio Group (ASX:ALO) 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 .

Alloggio Group Interest Coverage Related Terms

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

Alloggio Group (ASX:ALO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Alloggio Group Ltd (ASX:ALO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

840 Hunter Street, Newcastle, NSW, AUS, 2300

Website

https://www.alloggio.com.au

Alloggio Group Ltd is an operator of short-term rental accommodation on the east coast of Australia with a current portfolio of over 879 holiday properties and approx 13 mid-market hotels which comprise of aorund 428 rooms.