Soges Group SpA (MIL:SOGES) Interest Coverage : 0 (At Loss) (As of Jun. 2024)

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What is Soges Group 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. Soges Group SpA's Operating Income for the six months ended in Jun. 2024 was €-0.12 Mil. Soges Group SpA's Interest Expense for the six months ended in Jun. 2024 was €-0.21 Mil. did not have earnings to cover the interest expense. 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. Soges Group 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 Soges Group SpA's Interest Coverage or its related term are showing as below:

MIL:SOGES' s Interest Coverage Range Over the Past 10 Years
Min: 0.07 Med: 2.67 Max: 3.35
Current: 0.07

MIL:SOGES's Interest Coverage is ranked worse than
99.51% of 613 companies
in the Travel & Leisure industry
Industry Median: 4.54 vs MIL:SOGES: 0.07

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

Soges Group SpA Interest Coverage Historical Data

The historical data trend for Soges Group 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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Soges Group SpA Interest Coverage Chart

Soges Group SpA Annual Data

Trend

Dec22

Dec23

Dec24

Interest Coverage

3.35

1.99

0.08

Soges Group SpA Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	N/A	0.85	2.49	-	0.93

Competitive Comparison of Soges Group SpA's Interest Coverage

For the Resorts & Casinos subindustry, Soges Group 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.

Soges Group SpA's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Soges Group SpA's Interest Coverage distribution charts can be found below:

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

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Soges Group 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.

Soges Group 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, Soges Group SpA's Interest Expense was €-0.29 Mil. Its Operating Income was €0.57 Mil. And its Long-Term Debt & Capital Lease Obligation was €5.05 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	0.574	/	-0.289
	=	1.99

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

Here, for the six months ended in Jun. 2024, Soges Group SpA's Interest Expense was €-0.21 Mil. Its Operating Income was €-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation was €4.31 Mil.

Soges Group SpA did not have earnings to cover the interest expense.

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

Soges Group SpA (MIL:SOGES) 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 .

Soges Group SpA Interest Coverage Related Terms

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

Soges Group SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Soges Group SpA (MIL:SOGES) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via dei Caboto 49, Florence, ITA, 50127

Website

https://www.soges-group.com

Soges Group SpA is a company actively engaged in hotel and conference hospitality within prestigious structures. The Company's core business is therefore the acquisition of hotel management with the precise focus of optimizing economic results, repositioning the brand reputation and improving the operational performance of each individual structure that becomes part of the group.

Soges Group SpA Headlines

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