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Aforti Holding (WAR:AFH) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Aforti Holding 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. Aforti Holding's Operating Income for the three months ended in Mar. 2024 was zł-2.2 Mil. Aforti Holding's Interest Expense for the three months ended in Mar. 2024 was zł-5.6 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 Aforti Holding's Interest Coverage or its related term are showing as below:


WAR:AFH's Interest Coverage is not ranked *
in the Business Services industry.
Industry Median: 13.52
* 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.


Aforti Holding Interest Coverage Historical Data

The historical data trend for Aforti Holding'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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Aforti Holding Interest Coverage Chart

Aforti Holding Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
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Aforti Holding Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23 Mar24
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Competitive Comparison of Aforti Holding's Interest Coverage

For the Specialty Business Services subindustry, Aforti Holding'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.


Aforti Holding's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aforti Holding's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Aforti Holding's Interest Coverage falls into.



Aforti Holding 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.

Aforti Holding's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Aforti Holding's Interest Expense was zł-7.9 Mil. Its Operating Income was zł-25.4 Mil. And its Long-Term Debt & Capital Lease Obligation was zł119.4 Mil.

Aforti Holding did not have earnings to cover the interest expense.

Aforti Holding's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Aforti Holding's Interest Expense was zł-5.6 Mil. Its Operating Income was zł-2.2 Mil. And its Long-Term Debt & Capital Lease Obligation was zł141.2 Mil.

Aforti Holding did not have earnings to cover the interest expense.

* 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.


Aforti Holding  (WAR:AFH) 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 .


Aforti Holding Interest Coverage Related Terms

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


Aforti Holding (WAR:AFH) Business Description

Traded in Other Exchanges
N/A
Address
ulica Chalubinskiego 8, Warszawa, POL, 00-613
Aforti Holding SA is a financial group that offers services in private and corporate finance. The company addresses the needs of Entrepreneurs as well as companies of the SME sector by offering a wide range of financial services that support business development, such as financing the company operations, online foreign exchange, management of liabilities, or factoring. It operates in Warsaw, Szczecin, Poznan, Cracow, Rzeszow, Rybnik, and Katowice.

Aforti Holding (WAR:AFH) Headlines

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