Nictus Holdings (NAM:NHL) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Nictus Holdings 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. Nictus Holdings's Operating Income for the six months ended in Dec. 2023 was R-1.2 Mil. Nictus Holdings's Interest Expense for the six months ended in Dec. 2023 was R-4.0 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 Nictus Holdings's Interest Coverage or its related term are showing as below:

NAM:NHL' s Interest Coverage Range Over the Past 10 Years
Min: 1.65 Med: 27.63 Max: 28.69
Current: 1.65

NAM:NHL's Interest Coverage is not ranked
in the Retail - Cyclical industry.
Industry Median: 7.805 vs NAM:NHL: 1.65

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

Nictus Holdings Interest Coverage Historical Data

The historical data trend for Nictus Holdings'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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Nictus Holdings Interest Coverage Chart

Nictus Holdings Annual Data

Trend

Mar20

Mar21

Jun22

Jun23

Interest Coverage

26.57

N/A

28.72

Nictus Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			-	0.82	3.44	-	-

Competitive Comparison of Nictus Holdings's Interest Coverage

For the Specialty Retail subindustry, Nictus Holdings'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.

Nictus Holdings's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nictus Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Nictus Holdings's Interest Coverage falls into.

Nictus Holdings 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.

Nictus Holdings's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, Nictus Holdings's Interest Expense was R-0.5 Mil. Its Operating Income was R13.4 Mil. And its Long-Term Debt & Capital Lease Obligation was R17.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	13.41	/	-0.467
	=	28.72

Nictus Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Nictus Holdings's Interest Expense was R-4.0 Mil. Its Operating Income was R-1.2 Mil. And its Long-Term Debt & Capital Lease Obligation was R14.7 Mil.

Nictus Holdings did not have earnings to cover the interest expense.

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

Nictus Holdings (NAM:NHL) 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 .

Nictus Holdings Interest Coverage Related Terms

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

Nictus Holdings (NAM:NHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nictus Holdings Ltd (NAM:NHL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 Mandume Ndemufayo Avenue, 1st Floor, Nictus Building, P.O. Box 755, Southern Industrial Area, Windhoek, NAM

Website

http://www.nictusholdings.com

Nictus Holdings Ltd retails automobiles, tyres, furniture and provides financial and insurance services in Namibia. The company operates through three segments namely, Retail, Properties, and Insurance and Finance. The Retail segment sells multi-brand tires, retreaded tires, wheels, and allied services. The Properties segment invests in properties. The Insurance and Finance segment provides risk management solutions, and financial assistance. Majority revenue of the company is earned from Retail segment.

Nictus Holdings (NAM:NHL) Headlines

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