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Comal SpA (MIL:CML) Interest Coverage : 4.81 (As of Jun. 2024)


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What is Comal SpA 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. Comal SpA's Operating Income for the six months ended in Jun. 2024 was €8.2 Mil. Comal SpA's Interest Expense for the six months ended in Jun. 2024 was €-1.7 Mil. Comal SpA's interest coverage for the quarter that ended in Jun. 2024 was 4.81. 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. Comal SpA interest coverage is 3.72, which is low.

The historical rank and industry rank for Comal SpA's Interest Coverage or its related term are showing as below:

MIL:CML' s Interest Coverage Range Over the Past 10 Years
Min: 3.72   Med: 7.98   Max: 20.24
Current: 3.72


MIL:CML's Interest Coverage is ranked worse than
79.3% of 2299 companies
in the Industrial Products industry
Industry Median: 15.98 vs MIL:CML: 3.72

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


Comal SpA Interest Coverage Historical Data

The historical data trend for Comal SpA'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.

Comal SpA Interest Coverage Chart

Comal SpA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial 10.14 5.49 6.96 4.27 3.76

Comal SpA Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.92 4.09 4.66 4.81 2.82

Competitive Comparison of Comal SpA's Interest Coverage

For the Specialty Industrial Machinery subindustry, Comal SpA'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.


Comal SpA's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Comal SpA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Comal SpA's Interest Coverage falls into.


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Comal SpA 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.

Comal SpA's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Comal SpA's Interest Expense was €-1.9 Mil. Its Operating Income was €8.3 Mil. And its Long-Term Debt & Capital Lease Obligation was €13.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*8.303/-1.946
=4.27

Comal SpA's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Comal SpA's Interest Expense was €-1.7 Mil. Its Operating Income was €8.2 Mil. And its Long-Term Debt & Capital Lease Obligation was €47.0 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*8.175/-1.698
=4.81

* 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.

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


Comal SpA  (MIL:CML) 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 .


Comal SpA Interest Coverage Related Terms

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


Comal SpA Business Description

Traded in Other Exchanges
N/A
Address
Aurelia State Road KM 113, Montalto di Castro, Viterbo, ITA, 01014
Comal SpA provides energy-related products and services. It is engaged in the engineering, construction, and installation of high-power photovoltaic plants, and has built various photovoltaic systems installed in Italy and South Africa, with an energy capacity of over 600 MW. The company also offers operation and maintenance services for solar panels.

Comal SpA Headlines

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