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TMP Group SpA (MIL:TMP) Interest Coverage : 15.40 (As of Jun. 2024)


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What is TMP 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. TMP Group SpA's Operating Income for the six months ended in Jun. 2024 was €0.97 Mil. TMP Group SpA's Interest Expense for the six months ended in Jun. 2024 was €-0.06 Mil. TMP Group SpA's interest coverage for the quarter that ended in Jun. 2024 was 15.40. The higher the ratio, the stronger the company's financial strength is.

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


MIL:TMP's Interest Coverage is not ranked *
in the Media - Diversified industry.
Industry Median: 11.835
* Ranked among companies with meaningful Interest Coverage only.

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


TMP Group SpA Interest Coverage Historical Data

The historical data trend for TMP 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.

* Premium members only.

TMP Group SpA Interest Coverage Chart

TMP Group SpA Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
20.94 47.27 -

TMP Group SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Coverage Get a 7-Day Free Trial 16.79 1,406.00 7.62 - 15.40

Competitive Comparison of TMP Group SpA's Interest Coverage

For the Advertising Agencies subindustry, TMP 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.


TMP Group SpA's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TMP Group SpA's Interest Coverage distribution charts can be found below:

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



TMP 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.

TMP 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, TMP Group SpA's Interest Expense was €-0.14 Mil. Its Operating Income was €-0.42 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.72 Mil.

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

TMP 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, TMP Group SpA's Interest Expense was €-0.06 Mil. Its Operating Income was €0.97 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.54 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*0.97/-0.063
=15.40

* 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.


TMP Group SpA  (MIL:TMP) 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 .


TMP Group SpA Interest Coverage Related Terms

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TMP Group SpA Business Description

Traded in Other Exchanges
N/A
Address
Via Tortona, 27, Milan, ITA, 20144
TMP Group SpA operates as a media company. It supports companies in the Manufactory, Fin-tech, Sport, and Fashion and Design industries in the management of positioning projects, business innovation, identity, and digital transformation through Digital Marketing, Experience and Events, Production, and Metaverse and NFT activities.