Ivision Tech SpA (MIL:IVN) Interest Coverage : 0.78 (As of Jun. 2024)

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What is Ivision Tech 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. Ivision Tech SpA's Operating Income for the six months ended in Jun. 2024 was €0.13 Mil. Ivision Tech SpA's Interest Expense for the six months ended in Jun. 2024 was €-0.17 Mil. Ivision Tech SpA's interest coverage for the quarter that ended in Jun. 2024 was 0.78. 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. Ivision Tech SpAs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

MIL:IVN' s Interest Coverage Range Over the Past 10 Years
Min: 0.78 Med: 2.88 Max: 3.41
Current: 0.78

MIL:IVN's Interest Coverage is ranked worse than
92.03% of 715 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.31 vs MIL:IVN: 0.78

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

Ivision Tech SpA Interest Coverage Historical Data

The historical data trend for Ivision Tech 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.

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Ivision Tech SpA Interest Coverage Chart

Ivision Tech SpA Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

3.41

2.34

Ivision Tech SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Interest Coverage	No Debt	N/A	2.45	N/A	0.78

Competitive Comparison of Ivision Tech SpA's Interest Coverage

For the Footwear & Accessories subindustry, Ivision Tech 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.

Ivision Tech SpA's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ivision Tech SpA's Interest Coverage distribution charts can be found below:

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

Ivision Tech 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.

Ivision Tech 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, Ivision Tech SpA's Interest Expense was €-0.33 Mil. Its Operating Income was €0.77 Mil. And its Long-Term Debt & Capital Lease Obligation was €3.62 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	0.768	/	-0.328
	=	2.34

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

Here, for the six months ended in Jun. 2024, Ivision Tech SpA's Interest Expense was €-0.17 Mil. Its Operating Income was €0.13 Mil. And its Long-Term Debt & Capital Lease Obligation was €3.65 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	0.133	/	-0.17
	=	0.78

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

Ivision Tech SpA (MIL:IVN) 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 .

Ivision Tech SpA Interest Coverage Related Terms

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Ivision Tech SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ivision Tech SpA (MIL:IVN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Spilimbergo, 154, Martignacco, ITA, 33035

Website

https://www.ivisiontech.eu

Ivision Tech SpA is an innovative SME active in the sector of design and production of eyeglass frames, prescription and sun, in acetate and combined, representing a reality of excellence in Made in Italy manufacturing. The company operates in two divisions iVision Eyewear and iVision R&D. iVision Eyewear is active in the design, development of prototypes, industrialization and mass production phases of acetate eyewear, for which it uses cutting-edge machinery and software. iVision R&D is active in research and development with the aim of applying increasingly innovative technologies to eyewear.

Ivision Tech SpA Headlines

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