AXXA (Exxe Group) Interest Coverage: 162.90 (As of Mar. 2024)

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What is Exxe Group Interest Coverage?

Exxe Group AXXA +14.29% Interest Coverage is 162.90 as of Mar. 2024.

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. Exxe Group's Operating Income for the six months ended in Mar. 2024 was $22.15 Mil. Exxe Group's Interest Expense for the six months ended in Mar. 2024 was $-0.14 Mil. Exxe Group's interest coverage for the quarter that ended in Mar. 2024 was 162.90. The higher the ratio, the stronger the company's financial strength is.

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


AXXA's Interest Coverage is not ranked *
in the Conglomerates industry.
Industry Median: 5.54
* 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.


Exxe Group  (OTCPK:AXXA) 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 .


Exxe Group Interest Coverage Related Terms


Exxe Group Interest Coverage Historical Data

* Premium members only.

The historical data trend for Exxe 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.

Exxe Group Interest Coverage Chart

Exxe Group Annual Data
Trend Mar23 Mar24
Interest Coverage
16.98 162.90

Exxe Group Semi-Annual Data
Mar23 Mar24
Interest Coverage 16.98 162.90

AXXA vs PTEEF, IDVV, TICJ: Interest Coverage Comparison

For the Conglomerates subindustry, Exxe 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.


Exxe Group Interest Coverage vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Exxe Group's Interest Coverage distribution charts can be found below:

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



Exxe 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.

Exxe Group's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Exxe Group's Interest Expense was $-0.14 Mil. Its Operating Income was $22.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $22.96 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*22.154/-0.136
=162.90

Exxe Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the six months ended in Mar. 2024, Exxe Group's Interest Expense was $-0.14 Mil. Its Operating Income was $22.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $22.96 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*22.154/-0.136
=162.90

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 162.90 mean?
Exxe Group (AXXA) has a Interest Coverage of 162.90 as of Mar. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Exxe Group and its competitors.
Is Exxe Group's Interest Coverage too high?
Exxe Group's current Interest Coverage is 162.90. The Conglomerates industry median Interest Coverage is 5.54. Exxe Group's value of 162.90 is 2840.4% above this industry median.
How does Exxe Group's Interest Coverage compare to PTEEF and IDVV?
Exxe Group's Interest Coverage of 162.90 can be compared against companies in the Conglomerates industry. The industry median Interest Coverage is 5.54. Exxe Group's value of 162.90 is 2840.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Conglomerates company?
The median Interest Coverage among Conglomerates companies is 5.54, based on 423 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Exxe Group's current Interest Coverage of 162.90 is 2840.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Exxe Group and its competitors. For the Conglomerates industry, the median Interest Coverage is 5.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exxe Group's current Interest Coverage is 162.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exxe Group stock overvalued right now?
Exxe Group (AXXA) has a current Interest Coverage of 162.90. The current Interest Coverage is 162.90 and 2840.4% above the Conglomerates industry median of 5.54. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Exxe Group (AXXA), the current Interest Coverage is 162.90 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Exxe Group Business Description

Address 1345 Avenue of The Americas, 2nd Floor, New York, NY, USA, 10105
Exxe Group Inc is a diversified corporation based in the United States which is a fintech company with assets in private equity, real estate, architectural design, agricultural, automotive, medical, media, and trading technology. The company is engaged in fintech-based financial management, marketing through media and design, management consulting, strategic advisory, and AI-based systems. The company operates in a broad scope of segments that include fintech, real estate, agritech, software, AI, medical products, media and design, automotive products, and automotive repair.