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. Magnit PJSC's
Operating Income
for the
six
months ended in Jun. 2023 was ₽58,935 Mil. Magnit PJSC's Interest Expense for the
six
months ended in Jun. 2023 was ₽-41,312 Mil.
Magnit PJSC's interest coverage for the quarter that ended in Jun. 2023 was 1.43.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Magnit PJSC's Interest Coverage or its related term are showing as below:
MIC:MGNT's Interest Coverage is not ranked *
in the Retail - Defensive industry.
Industry Median: 8.795 * Ranked among companies with meaningful Interest Coverage only.
Magnit PJSC (MIC:MGNT) 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 .
Magnit PJSC Interest Coverage Related Terms
Magnit PJSC Interest Coverage Historical Data
* Premium members only.
The historical data trend for Magnit PJSC'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.
MIC:MGNT vs WMT, COST, TGT: Interest Coverage Comparison
For the Discount Stores subindustry, Magnit PJSC'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.
Magnit PJSC Interest Coverage vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Magnit PJSC's Interest Coverage falls into.
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:
* 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.
Magnit PJSC (MIC:MGNT) has a Interest Coverage of 1.43 as of Jun. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Magnit PJSC and its competitors.
Is Magnit PJSC's Interest Coverage too high?
Magnit PJSC's current Interest Coverage is 1.43. The Retail - Defensive industry median Interest Coverage is 8.80. Magnit PJSC's value of 1.43 is 83.7% below this industry median. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's Interest Coverage compare to WMT and COST?
Magnit PJSC's Interest Coverage of 1.43 can be compared against companies in the Retail - Defensive industry. The industry median Interest Coverage is 8.80. Magnit PJSC's value of 1.43 is 83.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Retail - Defensive company?
The median Interest Coverage among Retail - Defensive companies is 8.80, based on 254 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Magnit PJSC's current Interest Coverage of 1.43 is 83.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Magnit PJSC and its competitors. For the Retail - Defensive industry, the median Interest Coverage is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnit PJSC's current Interest Coverage is 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current Interest Coverage of 1.43. The current Interest Coverage is 1.43 and 83.7% below the Retail - Defensive industry median of 8.80. Magnit PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Magnit PJSC (MIC:MGNT), the current Interest Coverage is 1.43 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
17GF Score
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