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Metro Performance Glass (ASX:MPP) Interest Coverage : 0 (At Loss) (As of Mar. 2025)


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What is Metro Performance Glass 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. Metro Performance Glass's Operating Income for the six months ended in Mar. 2025 was A$-9.4 Mil. Metro Performance Glass's Interest Expense for the six months ended in Mar. 2025 was A$-0.3 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 Metro Performance Glass's Interest Coverage or its related term are showing as below:


ASX:MPP's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.22
* 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.


Metro Performance Glass Interest Coverage Historical Data

The historical data trend for Metro Performance Glass'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.

Metro Performance Glass Interest Coverage Chart

Metro Performance Glass Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.16 - -

Metro Performance Glass Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 5.96 - - - -

Competitive Comparison of Metro Performance Glass's Interest Coverage

For the Building Products & Equipment subindustry, Metro Performance Glass'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.


Metro Performance Glass's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Metro Performance Glass's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Metro Performance Glass's Interest Coverage falls into.


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Metro Performance Glass 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.

Metro Performance Glass's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, Metro Performance Glass's Interest Expense was A$-5.5 Mil. Its Operating Income was A$-17.3 Mil. And its Long-Term Debt & Capital Lease Obligation was A$63.8 Mil.

Metro Performance Glass did not have earnings to cover the interest expense.

Metro Performance Glass's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, Metro Performance Glass's Interest Expense was A$-0.3 Mil. Its Operating Income was A$-9.4 Mil. And its Long-Term Debt & Capital Lease Obligation was A$63.8 Mil.

Metro Performance Glass 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.


Metro Performance Glass  (ASX:MPP) 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 .


Metro Performance Glass Interest Coverage Related Terms

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


Metro Performance Glass Business Description

Traded in Other Exchanges
Address
5 Lady Fisher Place, East Tamaki, Auckland, NZL, 2013
Metro Performance Glass Ltd operates as a glass processor. It group supplies processed flat glass and related products to the residential and commercial building sectors. It offers a range of glass products, including Decorative Glass, low Glass, Mirrors, bathroom shower screens, Shower Glass, Safety Security glass, Obscure, Frosted, and Privacy Glass, doors, and others. Its geographical segments include New Zealand and Australia. It generates a majority of its revenue from New Zealand.

Metro Performance Glass Headlines

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