Calgro M3 Holdings (JSE:CGR) Interest Coverage : 2.25 (As of Feb. 2025)

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What is Calgro M3 Holdings 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. Calgro M3 Holdings's Operating Income for the six months ended in Feb. 2025 was R61.0 Mil. Calgro M3 Holdings's Interest Expense for the six months ended in Feb. 2025 was R-27.0 Mil. Calgro M3 Holdings's interest coverage for the quarter that ended in Feb. 2025 was 2.25. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Calgro M3 Holdings Ltd interest coverage is 2.75, which is low.

The historical rank and industry rank for Calgro M3 Holdings's Interest Coverage or its related term are showing as below:

JSE:CGR' s Interest Coverage Range Over the Past 10 Years
Min: 0.2 Med: 4.46 Max: 11.72
Current: 2.75

JSE:CGR's Interest Coverage is ranked worse than
85.51% of 69 companies
in the Homebuilding & Construction industry
Industry Median: 8.13 vs JSE:CGR: 2.75

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

Calgro M3 Holdings Interest Coverage Historical Data

The historical data trend for Calgro M3 Holdings'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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Calgro M3 Holdings Interest Coverage Chart

Calgro M3 Holdings Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Interest Coverage

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0.31

4.46

5.67

4.34

2.75

Calgro M3 Holdings Semi-Annual Data
	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25
Interest Coverage	Get a 7-Day Free Trial															6.61	4.04	4.59	3.18	2.25

Competitive Comparison of Calgro M3 Holdings's Interest Coverage

For the Residential Construction subindustry, Calgro M3 Holdings'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.

Calgro M3 Holdings's Interest Coverage Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Calgro M3 Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Calgro M3 Holdings's Interest Coverage falls into.

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Calgro M3 Holdings 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.

Calgro M3 Holdings's Interest Coverage for the fiscal year that ended in Feb. 2025 is calculated as

Here, for the fiscal year that ended in Feb. 2025, Calgro M3 Holdings's Interest Expense was R-57.7 Mil. Its Operating Income was R158.4 Mil. And its Long-Term Debt & Capital Lease Obligation was R0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Feb. 2025 )	/	Interest Expense (A: Feb. 2025 )
	=	-1	*	158.408	/	-57.68
	=	2.75

Calgro M3 Holdings's Interest Coverage for the quarter that ended in Feb. 2025 is calculated as

Here, for the six months ended in Feb. 2025, Calgro M3 Holdings's Interest Expense was R-27.0 Mil. Its Operating Income was R61.0 Mil. And its Long-Term Debt & Capital Lease Obligation was R0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2025 )	/	Interest Expense (Q: Feb. 2025 )
	=	-1	*	60.953	/	-27.033
	=	2.25

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

Calgro M3 Holdings (JSE:CGR) 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 .

Calgro M3 Holdings Interest Coverage Related Terms

Thank you for viewing the detailed overview of Calgro M3 Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Calgro M3 Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Calgro M3 Holdings Ltd (JSE:CGR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Ballyclare Drive, Ballywoods Office Park, Calgro M3 Building, Bryanston, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.calgrom3.com

Calgro M3 Holdings Ltd is a property and property-related investment company that specializes in the development of Integrated Residential Developments and the development and management of Memorial Parks, focusing on its operations in Gauteng, Western Cape, Free State and Northwest. The group develops integrated housing developments consisting of subsidized, social, Grassroots Affordable People's or First Home Finance and Affordable Housing. Its segments include Residential Property Development segment consists of development of integrated housing developments and mid to high income housing projects and Memorial Parks consist of burial rights and the associated burial and maintenance services.

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