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Mutandis SCA (CAS:MUT) Interest Coverage : 7.26 (As of Dec. 2024)


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What is Mutandis SCA 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. Mutandis SCA's Operating Income for the six months ended in Dec. 2024 was MAD210 Mil. Mutandis SCA's Interest Expense for the six months ended in Dec. 2024 was MAD-29 Mil. Mutandis SCA's interest coverage for the quarter that ended in Dec. 2024 was 7.26. The higher the ratio, the stronger the company's financial strength is.

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

CAS:MUT' s Interest Coverage Range Over the Past 10 Years
Min: 2.42   Med: 3.62   Max: 5.74
Current: 5.43


CAS:MUT's Interest Coverage is ranked worse than
60.39% of 1472 companies
in the Consumer Packaged Goods industry
Industry Median: 8.77 vs CAS:MUT: 5.43

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Mutandis SCA Interest Coverage Historical Data

The historical data trend for Mutandis SCA'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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Mutandis SCA Interest Coverage Chart

Mutandis SCA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.05 3.30 5.74 3.53 5.43

Mutandis SCA Semi-Annual Data
Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 8.21 3.53 3.53 2.66 7.26

Competitive Comparison of Mutandis SCA's Interest Coverage

For the Packaged Foods subindustry, Mutandis SCA'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.


Mutandis SCA's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mutandis SCA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mutandis SCA's Interest Coverage falls into.


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Mutandis SCA 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.

Mutandis SCA's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Mutandis SCA's Interest Expense was MAD-48 Mil. Its Operating Income was MAD260 Mil. And its Long-Term Debt & Capital Lease Obligation was MAD1,111 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*260.397/-47.928
=5.43

Mutandis SCA's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Mutandis SCA's Interest Expense was MAD-29 Mil. Its Operating Income was MAD210 Mil. And its Long-Term Debt & Capital Lease Obligation was MAD1,111 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*209.693/-28.876
=7.26

* 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.


Mutandis SCA  (CAS:MUT) 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 .


Mutandis SCA Interest Coverage Related Terms

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


Mutandis SCA Business Description

Traded in Other Exchanges
N/A
Address
22 Boulevard Abdelkrim Khattabi, Casablanca, MAR
Mutandis SCA is an industrial and commercial group specialized in consumer goods pursuing its brand development in Morocco and Africa. Its product categories are AGRI-FOOD and Cleaning Products. The company's products include Seafood products, Fruit Juices, Food Bottles, and Detergents. Mutandis exports its products to more than 40 countries.

Mutandis SCA Headlines

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