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Tamex Obiekty Sportowe (WAR:TOS) Interest Coverage : 4.28 (As of Mar. 2024)


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What is Tamex Obiekty Sportowe 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. Tamex Obiekty Sportowe's Operating Income for the three months ended in Mar. 2024 was zł0.6 Mil. Tamex Obiekty Sportowe's Interest Expense for the three months ended in Mar. 2024 was zł-0.1 Mil. Tamex Obiekty Sportowe's interest coverage for the quarter that ended in Mar. 2024 was 4.28. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Tamex Obiekty Sportowe's Interest Coverage or its related term are showing as below:


WAR:TOS's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.13
* 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.


Tamex Obiekty Sportowe Interest Coverage Historical Data

The historical data trend for Tamex Obiekty Sportowe'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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Tamex Obiekty Sportowe Interest Coverage Chart

Tamex Obiekty Sportowe Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.75 4.00 4.94 4.14 1.97

Tamex Obiekty Sportowe 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.37 1.36 4.98 - 4.28

Competitive Comparison of Tamex Obiekty Sportowe's Interest Coverage

For the Engineering & Construction subindustry, Tamex Obiekty Sportowe'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.


Tamex Obiekty Sportowe's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tamex Obiekty Sportowe's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tamex Obiekty Sportowe's Interest Coverage falls into.


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Tamex Obiekty Sportowe 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.

Tamex Obiekty Sportowe'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, Tamex Obiekty Sportowe's Interest Expense was zł-1.2 Mil. Its Operating Income was zł2.4 Mil. And its Long-Term Debt & Capital Lease Obligation was zł1.8 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*2.369/-1.204
=1.97

Tamex Obiekty Sportowe's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Tamex Obiekty Sportowe's Interest Expense was zł-0.1 Mil. Its Operating Income was zł0.6 Mil. And its Long-Term Debt & Capital Lease Obligation was zł0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*0.62/-0.145
=4.28

* 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.


Tamex Obiekty Sportowe  (WAR:TOS) 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 .


Tamex Obiekty Sportowe Interest Coverage Related Terms

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Tamex Obiekty Sportowe Business Description

Traded in Other Exchanges
N/A
Address
Ulica Rydygiera 8 / 3a, Warsaw, POL, 01-793
Tamex Obiekty Sportowe SA is a general contractor of sports facilities. It builds, designs and equips sports facilities with various applications and functionalities. The company is engaged in the construction of football fields, stadiums, tennis courts, running tracks, sports fields, multi-functional and designed for field hockey, halls and other sports facilities.

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