Minoan Group (LSE:MIN) Interest Coverage : 0 (At Loss) (As of Apr. 2024)

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What is Minoan Group 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. Minoan Group's Operating Income for the six months ended in Apr. 2024 was £-0.36 Mil. Minoan Group's Interest Expense for the six months ended in Apr. 2024 was £-0.24 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 Minoan Group's Interest Coverage or its related term are showing as below:

LSE:MIN's Interest Coverage is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 4.65
* 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.

Minoan Group Interest Coverage Historical Data

The historical data trend for Minoan 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.

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Minoan Group Interest Coverage Chart

Minoan Group Annual Data

Trend

Oct14

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Interest Coverage

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Minoan Group Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Minoan Group's Interest Coverage

For the Resorts & Casinos subindustry, Minoan 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.

Minoan Group's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Minoan Group's Interest Coverage distribution charts can be found below:

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

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Minoan 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.

Minoan Group's Interest Coverage for the fiscal year that ended in Oct. 2023 is calculated as

Here, for the fiscal year that ended in Oct. 2023, Minoan Group's Interest Expense was £-0.15 Mil. Its Operating Income was £-0.54 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Minoan Group did not have earnings to cover the interest expense.

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

Here, for the six months ended in Apr. 2024, Minoan Group's Interest Expense was £-0.24 Mil. Its Operating Income was £-0.36 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Minoan Group did not have earnings to cover the interest expense.

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

Minoan Group (LSE:MIN) 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 .

Minoan Group Interest Coverage Related Terms

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Minoan Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Minoan Group PLC (LSE:MIN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dingwall Road, 3rd Floor, AMP House, Croydon, Surrey, GBR, CR0 2LX

Website

https://www.minoangroup.com

Minoan Group PLC is a holding and management company. Through its subsidiaries, it engages in the design, creation, development, and management of hotels and resorts, and in the operation of independent travel businesses, through which the company acts as an agent in providing a range of services, including transportation, hotel, and other accommodation and leisure services.