Mennica Polska (WAR:MNC) Interest Coverage : 35.23 (As of Mar. 2024)

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What is Mennica Polska 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. Mennica Polska's Operating Income for the three months ended in Mar. 2024 was zł30 Mil. Mennica Polska's Interest Expense for the three months ended in Mar. 2024 was zł-1 Mil. Mennica Polska's interest coverage for the quarter that ended in Mar. 2024 was 35.23. The higher the ratio, the stronger the company's financial strength is.

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

WAR:MNC' s Interest Coverage Range Over the Past 10 Years
Min: 1.76 Med: 8.83 Max: 355.16
Current: 37.78

WAR:MNC's Interest Coverage is ranked better than
69.27% of 2294 companies
in the Industrial Products industry
Industry Median: 13.775 vs WAR:MNC: 37.78

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

Mennica Polska Interest Coverage Historical Data

The historical data trend for Mennica Polska'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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Mennica Polska Interest Coverage Chart

Mennica Polska Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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9.49

24.05

18.35

8.17

27.79

Mennica Polska Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															4.86	29.47	13.63	77.73	35.23

Competitive Comparison of Mennica Polska's Interest Coverage

For the Metal Fabrication subindustry, Mennica Polska'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.

Mennica Polska's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mennica Polska's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mennica Polska's Interest Coverage falls into.

Mennica Polska 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.

Mennica Polska's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Mennica Polska's Interest Expense was zł-4 Mil. Its Operating Income was zł114 Mil. And its Long-Term Debt & Capital Lease Obligation was zł10 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	113.992	/	-4.102
	=	27.79

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

Here, for the three months ended in Mar. 2024, Mennica Polska's Interest Expense was zł-1 Mil. Its Operating Income was zł30 Mil. And its Long-Term Debt & Capital Lease Obligation was zł10 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	30.333	/	-0.861
	=	35.23

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

Mennica Polska (WAR:MNC) 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 .

Mennica Polska Interest Coverage Related Terms

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

Mennica Polska (WAR:MNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mennica Polska SA (WAR:MNC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

al Jana Pawla II 23, Atrium International Business Center, 3rd floor, Warsaw, POL, 00-854

Website

http://www.mennica.com.pl

Mennica Polska SA is a metal processing company in Poland. It is one of the country's leading producers and distributors of mint and engraving/medal products. The activities of the company are focused on four markets, namely mint products, precious metals processing, ICT services and property development. Mennica's core activity is the production of coins in circulation in Poland. Additionally, it also produces badges, medals, and token coins. In its precious metals segment, the company manufactures catalytic gauzes, paints, equipment for glass furnaces, rolled and drawn precious metal products. The Electronic payment segment deals with the operation of card systems, the sale of public transport tickets and other payment systems.

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