MATH (Metalpha Technology Holding) Interest Coverage : 108.18 (As of Sep. 2024)

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What is Metalpha Technology Holding 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. Metalpha Technology Holding's Operating Income for the six months ended in Sep. 2024 was $7.68 Mil. Metalpha Technology Holding's Interest Expense for the six months ended in Sep. 2024 was $-0.07 Mil. Metalpha Technology Holding's interest coverage for the quarter that ended in Sep. 2024 was 108.18. 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. Metalpha Technology Holding Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Metalpha Technology Holding's Interest Coverage or its related term are showing as below:

MATH' s Interest Coverage Range Over the Past 10 Years
Min: 10.95 Med: 5166.5 Max: No Debt
Current: 122.64

MATH's Interest Coverage is ranked better than
64.38% of 452 companies
in the Capital Markets industry
Industry Median: 22.41 vs MATH: 122.64

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

Metalpha Technology Holding Interest Coverage Historical Data

The historical data trend for Metalpha Technology Holding'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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Metalpha Technology Holding Interest Coverage Chart

Metalpha Technology Holding Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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333.00

Metalpha Technology Holding Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial															-	-	19.67	636.00	108.18

Competitive Comparison of Metalpha Technology Holding's Interest Coverage

For the Capital Markets subindustry, Metalpha Technology Holding'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.

Metalpha Technology Holding's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Metalpha Technology Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Metalpha Technology Holding's Interest Coverage falls into.

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Metalpha Technology Holding 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.

Metalpha Technology Holding'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, Metalpha Technology Holding's Interest Expense was $-0.00 Mil. Its Operating Income was $1.33 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	1.332	/	-0.004
	=	333.00

Metalpha Technology Holding's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Metalpha Technology Holding's Interest Expense was $-0.07 Mil. Its Operating Income was $7.68 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.12 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	7.681	/	-0.071
	=	108.18

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

Metalpha Technology Holding (NAS:MATH) 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 .

Metalpha Technology Holding Interest Coverage Related Terms

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

Metalpha Technology Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Metalpha Technology Holding Ltd (NAS:MATH) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

D92:Germany

Address

18 Harbour Road, Suite 6703-04, Central Plaza, Wan Chai, Hong Kong, HKG

Website

https://www.metalpha.net

Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and derives a majority of its revenue from Hong Kong.