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MOLC (Molino CanuelasCIFIA) Interest Coverage : 1.65 (As of Aug. 2017)


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What is Molino CanuelasCIFIA 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. Molino CanuelasCIFIA's Operating Income for the three months ended in Aug. 2017 was $30.22 Mil. Molino CanuelasCIFIA's Interest Expense for the three months ended in Aug. 2017 was $-18.27 Mil. Molino CanuelasCIFIA's interest coverage for the quarter that ended in Aug. 2017 was 1.65. The higher the ratio, the stronger the company's financial strength is.

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


MOLC's Interest Coverage is not ranked *
in the industry.
Industry Median:
* 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.


Molino CanuelasCIFIA Interest Coverage Historical Data

The historical data trend for Molino CanuelasCIFIA'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.

Molino CanuelasCIFIA Interest Coverage Chart

Molino CanuelasCIFIA Annual Data
Trend Nov13 Nov14 Nov15 Nov16
Interest Coverage
N/A 1.58 1.36 1.87

Molino CanuelasCIFIA Quarterly Data
Nov14 Nov15 May16 Aug16 Nov16 May17 Aug17
Interest Coverage Get a 7-Day Free Trial 2.52 1.36 2.98 1.70 1.65

Competitive Comparison of Molino CanuelasCIFIA's Interest Coverage

For the subindustry, Molino CanuelasCIFIA'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.


Molino CanuelasCIFIA's Interest Coverage Distribution in the Industry

For the industry and sector, Molino CanuelasCIFIA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Molino CanuelasCIFIA's Interest Coverage falls into.



Molino CanuelasCIFIA 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.

Molino CanuelasCIFIA's Interest Coverage for the fiscal year that ended in Nov. 2016 is calculated as

Here, for the fiscal year that ended in Nov. 2016, Molino CanuelasCIFIA's Interest Expense was $-70.91 Mil. Its Operating Income was $132.74 Mil. And its Long-Term Debt & Capital Lease Obligation was $413.62 Mil.

Interest Coverage=-1* Operating Income (A: Nov. 2016 )/Interest Expense (A: Nov. 2016 )
=-1*132.739/-70.913
=1.87

Molino CanuelasCIFIA's Interest Coverage for the quarter that ended in Aug. 2017 is calculated as

Here, for the three months ended in Aug. 2017, Molino CanuelasCIFIA's Interest Expense was $-18.27 Mil. Its Operating Income was $30.22 Mil. And its Long-Term Debt & Capital Lease Obligation was $632.77 Mil.

Interest Coverage=-1* Operating Income (Q: Aug. 2017 )/Interest Expense (Q: Aug. 2017 )
=-1*30.22/-18.267
=1.65

* 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.


Molino CanuelasCIFIA  (NYSE:MOLC) 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 .


Molino CanuelasCIFIA Interest Coverage Related Terms

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Molino CanuelasCIFIA Business Description

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