Siav SpA (MIL:SIAV) Interest Coverage : 1.29 (As of Dec. 2024)

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What is Siav 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. Siav SpA's Operating Income for the six months ended in Dec. 2024 was €1.14 Mil. Siav SpA's Interest Expense for the six months ended in Dec. 2024 was €-0.89 Mil. Siav SpA's interest coverage for the quarter that ended in Dec. 2024 was 1.29. 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. Siav SpA interest coverage is 1.35, which is low.

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

MIL:SIAV' s Interest Coverage Range Over the Past 10 Years
Min: 0.91 Med: 3.36 Max: 6.84
Current: 1.35

MIL:SIAV's Interest Coverage is ranked worse than
93.47% of 1655 companies
in the Software industry
Industry Median: 27.99 vs MIL:SIAV: 1.35

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

Siav SpA Interest Coverage Historical Data

The historical data trend for Siav 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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Siav SpA Interest Coverage Chart

Siav SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

6.84

5.31

3.36

0.91

Siav SpA Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial			4.86	0.48	1.28	1.44	1.29

Competitive Comparison of Siav SpA's Interest Coverage

For the Software - Application subindustry, Siav 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.

Siav SpA's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Siav SpA's Interest Coverage distribution charts can be found below:

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

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Siav 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.

Siav SpA's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Siav SpA's Interest Expense was €-1.48 Mil. Its Operating Income was €1.35 Mil. And its Long-Term Debt & Capital Lease Obligation was €8.23 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	1.349	/	-1.484
	=	0.91

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

Here, for the six months ended in Dec. 2024, Siav SpA's Interest Expense was €-0.89 Mil. Its Operating Income was €1.14 Mil. And its Long-Term Debt & Capital Lease Obligation was €8.23 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1.144	/	-0.887
	=	1.29

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

Siav SpA (MIL:SIAV) 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 .

Siav SpA Interest Coverage Related Terms

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

Siav SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Siav SpA (MIL:SIAV) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Rossi, 5/n, Rubano, ITA, 35030

Website

https://www.siav.com

Siav SpA is a software and IT service company specializing in dematerialization, document management, and digital processes. It offers software platforms such as Archiflow Nova, Siav Connect, and Siav Frame for information and process management; Vertical software and solutions that deal with specific topics such as Silloge, Checker, MyCreditService, etc., and outsourcing services such as dematerialization and replacement storage of documents, managed through a proprietary solution (Virgilio), and B2B electronic invoicing. The company's operating segments are based on the market it operates in and include the Private Market, Central Public Administration Market (CPA), Local Public Administration Market (PAL), and Channel Market.

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