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Caribbean Cement Co (XJAM:CCC) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Caribbean Cement Co 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. Caribbean Cement Co's Operating Income for the six months ended in . 20 was JMD0.00 Mil. Caribbean Cement Co's Interest Expense for the six months ended in . 20 was JMD0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Caribbean Cement Co's Interest Coverage or its related term are showing as below:


XJAM:CCC's Interest Coverage is not ranked *
in the Building Materials industry.
Industry Median: 6.56
* 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.


Caribbean Cement Co Interest Coverage Historical Data

The historical data trend for Caribbean Cement Co'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.

* Premium members only.

Caribbean Cement Co Interest Coverage Chart

Caribbean Cement Co Annual Data
Trend
Interest Coverage

Caribbean Cement Co Semi-Annual Data
Interest Coverage

Competitive Comparison of Caribbean Cement Co's Interest Coverage

For the Building Materials subindustry, Caribbean Cement Co'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.


Caribbean Cement Co's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Caribbean Cement Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Caribbean Cement Co's Interest Coverage falls into.



Caribbean Cement Co 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.

Caribbean Cement Co's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Caribbean Cement Co's Interest Expense was JMD0.00 Mil. Its Operating Income was JMD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0.00 Mil.

Caribbean Cement Co had no debt (1).

Caribbean Cement Co's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Caribbean Cement Co's Interest Expense was JMD0.00 Mil. Its Operating Income was JMD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0.00 Mil.

Caribbean Cement Co had no debt (1).

* 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.


Caribbean Cement Co  (XJAM:CCC) 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 .


Caribbean Cement Co Interest Coverage Related Terms

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Caribbean Cement Co (XJAM:CCC) Business Description

Traded in Other Exchanges
N/A
Address
Rockfort, Kingston, JAM
Caribbean Cement Co Ltd is engaged in the manufacture and sale of cement, clinker, and the mining and sale of gypsum, shale, and pozzolan. It manufactures Portland cement in Jamaica. The Company's products include Carib Cement Plus, Carib Cement OPC provided in regular bags, jumbo bags, and bulk.

Caribbean Cement Co (XJAM:CCC) Headlines

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