Mumias Sugar Co (NAI:MSC) Interest Coverage : 0 (At Loss) (As of Jun. 2018)

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What is Mumias Sugar Co 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. Mumias Sugar Co's Operating Income for the six months ended in Jun. 2018 was KES-4,500 Mil. Mumias Sugar Co's Interest Expense for the six months ended in Jun. 2018 was KES-769 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Mumias Sugar Co's Interest Coverage or its related term are showing as below:

NAI:MSC's Interest Coverage is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 8.59
* 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.

Mumias Sugar Co Interest Coverage Historical Data

The historical data trend for Mumias Sugar Co'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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Mumias Sugar Co Interest Coverage Chart

Mumias Sugar Co Annual Data

Trend

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Interest Coverage

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Mumias Sugar Co Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18
Interest Coverage	Get a 7-Day Free Trial					-	-	-	-	-

Competitive Comparison of Mumias Sugar Co's Interest Coverage

For the Confectioners subindustry, Mumias Sugar Co'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.

Mumias Sugar Co's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mumias Sugar Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mumias Sugar Co's Interest Coverage falls into.

Mumias Sugar Co 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.

Mumias Sugar Co's Interest Coverage for the fiscal year that ended in Jun. 2018 is calculated as

Here, for the fiscal year that ended in Jun. 2018, Mumias Sugar Co's Interest Expense was KES-769 Mil. Its Operating Income was KES-4,500 Mil. And its Long-Term Debt & Capital Lease Obligation was KES4,806 Mil.

Mumias Sugar Co did not have earnings to cover the interest expense.

Mumias Sugar Co's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Here, for the six months ended in Jun. 2018, Mumias Sugar Co's Interest Expense was KES-769 Mil. Its Operating Income was KES-4,500 Mil. And its Long-Term Debt & Capital Lease Obligation was KES4,806 Mil.

Mumias Sugar Co did not have earnings to cover the interest expense.

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

Mumias Sugar Co (NAI:MSC) 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 .

Mumias Sugar Co Interest Coverage Related Terms

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Mumias Sugar Co (NAI:MSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mumias Sugar Co Ltd (NAI:MSC) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Kakamega-Bungoma Road, P. O Box Private Bag, Kakamega County, Mumias, KEN

Website

http://www.mumias-sugar.com

Mumias Sugar Co Ltd is engaged in the production and sale of sugar, ethanol, water. The company is also engaged in the generation and sale of electricity, and also sells bottled drinking water. Its segments include Sugar; Energy; Ethanol and Water in which Sugar segment generates most of the revenue.