Haldane Mccall (NSA:HMCALL) Interest Coverage: 1.86 (As of Dec. 2013)


What is Haldane Mccall Interest Coverage?

Haldane Mccall NSA:HMCALL Interest Coverage is 1.86 as of Dec. 2013.

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. Haldane Mccall's Operating Income for the six months ended in Dec. 2013 was ₦20,042 Mil. Haldane Mccall's Interest Expense for the six months ended in Dec. 2013 was ₦-10,801 Mil. Haldane Mccall's interest coverage for the quarter that ended in Dec. 2013 was 1.86. The higher the ratio, the stronger the company's financial strength is.

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


NSA:HMCALL's Interest Coverage is not ranked *
in the Real Estate industry.
Industry Median: 4.245
* 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.

Haldane Mccall  (NSA:HMCALL) 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 .

Haldane Mccall Interest Coverage Related Terms

Haldane Mccall Interest Coverage Historical Data

* Premium members only.

The historical data trend for Haldane Mccall'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.

Haldane Mccall Interest Coverage Chart

Haldane Mccall Annual Data
Trend Dec11 Dec12 Dec13
Interest Coverage
1.63 1.64 1.86

Haldane Mccall Semi-Annual Data
Dec11 Dec12 Dec13
Interest Coverage 1.63 1.64 1.86

NSA:HMCALL vs : Interest Coverage Comparison

For the Real Estate Services subindustry, Haldane Mccall'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.

Haldane Mccall Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Haldane Mccall's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Haldane Mccall's Interest Coverage falls into.


Haldane Mccall 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.

Haldane Mccall's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, Haldane Mccall's Interest Expense was ₦-10,801 Mil. Its Operating Income was ₦20,042 Mil. And its Long-Term Debt & Capital Lease Obligation was ₦57,592 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2013 )/Interest Expense (A: Dec. 2013 )
=-1*20041.617/-10800.871
=1.86

Haldane Mccall's Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Here, for the six months ended in Dec. 2013, Haldane Mccall's Interest Expense was ₦-10,801 Mil. Its Operating Income was ₦20,042 Mil. And its Long-Term Debt & Capital Lease Obligation was ₦57,592 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2013 )/Interest Expense (Q: Dec. 2013 )
=-1*20041.617/-10800.871
=1.86

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 1.86 mean?
Haldane Mccall (NSA:HMCALL) has a Interest Coverage of 1.86 as of Dec. 2013. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Haldane Mccall and its competitors.
Is Haldane Mccall's Interest Coverage too high?
Haldane Mccall's current Interest Coverage is 1.86. The Real Estate industry median Interest Coverage is 4.25. Haldane Mccall's value of 1.86 is 56.2% below this industry median.
How does Haldane Mccall's Interest Coverage compare to ?
Haldane Mccall's Interest Coverage of 1.86 can be compared against companies in the Real Estate industry. The industry median Interest Coverage is 4.25. Haldane Mccall's value of 1.86 is 56.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Real Estate company?
The median Interest Coverage among Real Estate companies is 4.25, based on 1,300 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Haldane Mccall's current Interest Coverage of 1.86 is 56.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Haldane Mccall and its competitors. For the Real Estate industry, the median Interest Coverage is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haldane Mccall's current Interest Coverage is 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haldane Mccall stock overvalued right now?
Haldane Mccall (NSA:HMCALL) has a current Interest Coverage of 1.86. The current Interest Coverage is 1.86 and 56.2% below the Real Estate industry median of 4.25. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Haldane Mccall (NSA:HMCALL), the current Interest Coverage is 1.86 as of Dec. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Haldane Mccall Business Description

Comparable Companies
Address 2 Sobo Arobiodu Street, Suru House, Ikeja GRA, Lagos, NGA
Haldane Mccall PLC is a real estate development and hotel business company. It owns and operates the Western Hotel Brand in Nigeria, Suru Express Hotels in West Africa and Suru Homes Limited.