Litix SpA (MIL:LTX) Interest Coverage : 41.45 (As of Jun. 2024)

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What is Litix 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. Litix SpA's Operating Income for the six months ended in Jun. 2024 was €0.46 Mil. Litix SpA's Interest Expense for the six months ended in Jun. 2024 was €-0.01 Mil. Litix SpA's interest coverage for the quarter that ended in Jun. 2024 was 41.45. The higher the ratio, the stronger the company's financial strength is.

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

MIL:LTX' s Interest Coverage Range Over the Past 10 Years
Min: 15.18 Med: 30.27 Max: 33.48
Current: 15.18

MIL:LTX's Interest Coverage is ranked worse than
50.59% of 2283 companies
in the Industrial Products industry
Industry Median: 15.65 vs MIL:LTX: 15.18

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

Litix SpA Interest Coverage Historical Data

The historical data trend for Litix 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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Litix SpA Interest Coverage Chart

Litix SpA Annual Data

Trend

Dec22

Dec23

Dec24

Interest Coverage

33.48

27.05

9.82

Litix SpA Semi-Annual Data
	Dec22	Dec23	Jun24	Dec24
Interest Coverage	N/A	N/A	41.45	N/A

Competitive Comparison of Litix SpA's Interest Coverage

For the Specialty Industrial Machinery subindustry, Litix 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.

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

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

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

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Litix 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.

Litix 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, Litix SpA's Interest Expense was €-0.04 Mil. Its Operating Income was €1.03 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.66 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.028	/	-0.038
	=	27.05

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

Here, for the six months ended in Jun. 2024, Litix SpA's Interest Expense was €-0.01 Mil. Its Operating Income was €0.46 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.38 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	0.456	/	-0.011
	=	41.45

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

Litix SpA (MIL:LTX) 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 .

Litix SpA Interest Coverage Related Terms

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

Litix SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Litix SpA (MIL:LTX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Fantiscritti snc, Carrara, ITA, 54033

Website

https://litix2.devworks.it

Litix SpA is a company active in the artistic marble processing sector. Its products and technologies are divided into the Robotor, Torart, and Aivox business units. The Robotor system is composed of (i) the software for CNC machining, (ii) the anthropomorphic robot, and (iii) accessories for greater control and optimization of the machining process. The Torart business unit uses the anthropomorphic robots of the Robotor business unit to create the works of the greatest architects, designers and artists in the world. Through the Aivox business unit the Group deals with both the development of products, processes and technologies, and 3D printing production.

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