SMI - Ste Metallurgique d'Imiter (CAS:SMI) Interest Coverage : 52.57 (As of Dec. 2024)

View and export this data going back to 1997. Start your Free Trial

What is SMI - Ste Metallurgique d'Imiter 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. SMI - Ste Metallurgique d'Imiter's Operating Income for the six months ended in Dec. 2024 was MAD106 Mil. SMI - Ste Metallurgique d'Imiter's Interest Expense for the six months ended in Dec. 2024 was MAD-2 Mil. SMI - Ste Metallurgique d'Imiter's interest coverage for the quarter that ended in Dec. 2024 was 52.57. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. SMI - Ste Metallurgique d'Imiter has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for SMI - Ste Metallurgique d'Imiter's Interest Coverage or its related term are showing as below:

CAS:SMI' s Interest Coverage Range Over the Past 10 Years
Min: 8.76 Med: 50.79 Max: 231.66
Current: 50.79

CAS:SMI's Interest Coverage is ranked worse than
69.03% of 1324 companies
in the Metals & Mining industry
Industry Median: No Debt vs CAS:SMI: 50.79

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

SMI - Ste Metallurgique d'Imiter Interest Coverage Historical Data

The historical data trend for SMI - Ste Metallurgique d'Imiter'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.

SMI - Ste Metallurgique d'Imiter Interest Coverage Chart

SMI - Ste Metallurgique d'Imiter Annual Data

Trend

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

Get a 7-Day Free Trial

10.38

33.52

50.79

SMI - Ste Metallurgique d'Imiter Semi-Annual Data
	Dec14	Jun15	Jun16	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															0.78	6.69	65.71	49.31	52.57

Competitive Comparison of SMI - Ste Metallurgique d'Imiter's Interest Coverage

For the Other Industrial Metals & Mining subindustry, SMI - Ste Metallurgique d'Imiter'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.

SMI - Ste Metallurgique d'Imiter's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, SMI - Ste Metallurgique d'Imiter's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SMI - Ste Metallurgique d'Imiter's Interest Coverage falls into.

Save Embed

;

Save Embed

;

SMI - Ste Metallurgique d'Imiter 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.

SMI - Ste Metallurgique d'Imiter'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, SMI - Ste Metallurgique d'Imiter's Interest Expense was MAD-4 Mil. Its Operating Income was MAD225 Mil. And its Long-Term Debt & Capital Lease Obligation was MAD1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	224.846	/	-4.427
	=	50.79

SMI - Ste Metallurgique d'Imiter's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, SMI - Ste Metallurgique d'Imiter's Interest Expense was MAD-2 Mil. Its Operating Income was MAD106 Mil. And its Long-Term Debt & Capital Lease Obligation was MAD1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	105.605	/	-2.009
	=	52.57

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

SMI - Ste Metallurgique d'Imiter (CAS:SMI) 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 .

SMI - Ste Metallurgique d'Imiter Interest Coverage Related Terms

Thank you for viewing the detailed overview of SMI - Ste Metallurgique d'Imiter's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

SMI - Ste Metallurgique d'Imiter Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SMI - Ste Metallurgique d'Imiter (CAS:SMI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Twin Center, Tour A, PO Box 5199, Angle Boulevards Zerktouni et Al Massira Al Khadra, Casablanca, MAR

Website

http://www.managemgroup.com

SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.