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Lingotes Especiales (XMAD:LGT) Interest Coverage : 2.00 (As of Dec. 2024)


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What is Lingotes Especiales 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. Lingotes Especiales's Operating Income for the six months ended in Dec. 2024 was €1.08 Mil. Lingotes Especiales's Interest Expense for the six months ended in Dec. 2024 was €-0.54 Mil. Lingotes Especiales's interest coverage for the quarter that ended in Dec. 2024 was 2.00. The higher the ratio, the stronger the company's financial strength is.

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

XMAD:LGT' s Interest Coverage Range Over the Past 10 Years
Min: 3.34   Med: 30.21   Max: 70.27
Current: 3.34


XMAD:LGT's Interest Coverage is ranked worse than
68.52% of 1042 companies
in the Vehicles & Parts industry
Industry Median: 8.055 vs XMAD:LGT: 3.34

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


Lingotes Especiales Interest Coverage Historical Data

The historical data trend for Lingotes Especiales'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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Lingotes Especiales Interest Coverage Chart

Lingotes Especiales Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.21 - 11.05 7.77 6.12

Lingotes Especiales Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 21.70 6.80 8.78 4.99 2.00

Competitive Comparison of Lingotes Especiales's Interest Coverage

For the Auto Parts subindustry, Lingotes Especiales'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.


Lingotes Especiales's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lingotes Especiales's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Lingotes Especiales's Interest Coverage falls into.


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Lingotes Especiales 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.

Lingotes Especiales's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Lingotes Especiales's Interest Expense was €-1.03 Mil. Its Operating Income was €6.29 Mil. And its Long-Term Debt & Capital Lease Obligation was €26.48 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2024 )/Interest Expense (A: Dec. 2024 )
=-1*6.29/-1.027
=6.12

Lingotes Especiales's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Lingotes Especiales's Interest Expense was €-0.54 Mil. Its Operating Income was €1.08 Mil. And its Long-Term Debt & Capital Lease Obligation was €26.48 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*1.077/-0.539
=2.00

* 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.


Lingotes Especiales  (XMAD:LGT) 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 .


Lingotes Especiales Interest Coverage Related Terms

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


Lingotes Especiales Business Description

Traded in Other Exchanges
N/A
Address
Calle Colmenares 5, 1st Floor, Valladolid, ESP, 47004
Lingotes Especiales SA engages in the design, development, casting, machining, and assembly of grey and ductile iron components primarily for the automobile industry. The company is also involved in the machining and assembly of automotive components, primarily brake discs and drums, fly-wheels, or pressure-plates; and provision of finishing services, and coating and other additions to components used in automation industry. It also serves electrical appliances, railways, civil engineering, industrial vehicle, farm machinery, compressor, and other markets.

Lingotes Especiales Headlines

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