Croma NV (XAMS:EHCS) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Croma NV 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. Croma NV's Operating Income for the six months ended in Dec. 2023 was €-0.96 Mil. Croma NV's Interest Expense for the six months ended in Dec. 2023 was €-3.78 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 Croma NV's Interest Coverage or its related term are showing as below:

XAMS:EHCS' s Interest Coverage Range Over the Past 10 Years
Min: 0.34 Med: 0.34 Max: 0.34
Current: 0.34

XAMS:EHCS's Interest Coverage is ranked worse than
99.75% of 396 companies
in the Diversified Financial Services industry
Industry Median: No Debt vs XAMS:EHCS: 0.34

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

Croma NV Interest Coverage Historical Data

The historical data trend for Croma NV'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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Croma NV Interest Coverage Chart

Croma NV Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

0.34

Croma NV Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	-	-	-	0.77	-

Competitive Comparison of Croma NV's Interest Coverage

For the Shell Companies subindustry, Croma NV'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.

Croma NV's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Croma NV's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Croma NV's Interest Coverage falls into.

Croma NV 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.

Croma NV'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, Croma NV's Interest Expense was €-8.95 Mil. Its Operating Income was €3.03 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	3.027	/	-8.954
	=	0.34

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

Here, for the six months ended in Dec. 2023, Croma NV's Interest Expense was €-3.78 Mil. Its Operating Income was €-0.96 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Croma NV did not have earnings to cover the interest expense.

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

Croma NV (XAMS:EHCS) 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 .

Croma NV Interest Coverage Related Terms

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

Croma NV (XAMS:EHCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Croma NV (XAMS:EHCS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

QX0:Germany

Address

c/o ALR Treuhand GmbH Theresienhohe 28, Munich, BY, DEU, 80338

Website

https://www.ehc-company.com

European Healthcare Acquisition Growth Co BV is a special purpose acquisition company aimed at acquiring companies with principal operations in Europe in the healthcare sector, with a special focus on the subsectors Biotechnology and Specialty Pharma, Pharma Services, Medical Technology and Medical Devices, Diagnostic and Lab Services, Bioinformatics as well as Life Science Tools.

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