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Constance La Gaiete Co (XMAU:CSE.I0000) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Constance La Gaiete 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. Constance La Gaiete Co's Operating Income for the three months ended in Mar. 2024 was MUR-48.3 Mil. Constance La Gaiete Co's Interest Expense for the three months ended in Mar. 2024 was MUR-3.1 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 Constance La Gaiete Co's Interest Coverage or its related term are showing as below:

XMAU:CSE.I0000' s Interest Coverage Range Over the Past 10 Years
Min: 1.35   Med: 2.24   Max: 5.05
Current: 5.05


XMAU:CSE.I0000's Interest Coverage is ranked worse than
60.62% of 1379 companies
in the Consumer Packaged Goods industry
Industry Median: 8.61 vs XMAU:CSE.I0000: 5.05

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


Constance La Gaiete Co Interest Coverage Historical Data

The historical data trend for Constance La Gaiete 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.

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Constance La Gaiete Co Interest Coverage Chart

Constance La Gaiete Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial - - 2.24 - 4.06

Constance La Gaiete Co 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 - 0.87 9.72 19.92 -

Competitive Comparison of Constance La Gaiete Co's Interest Coverage

For the Farm Products subindustry, Constance La Gaiete 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.


Constance La Gaiete Co's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Constance La Gaiete Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Constance La Gaiete Co's Interest Coverage falls into.



Constance La Gaiete 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.

Constance La Gaiete Co'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, Constance La Gaiete Co's Interest Expense was MUR-27.3 Mil. Its Operating Income was MUR110.8 Mil. And its Long-Term Debt & Capital Lease Obligation was MUR172.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*110.84/-27.289
=4.06

Constance La Gaiete Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Constance La Gaiete Co's Interest Expense was MUR-3.1 Mil. Its Operating Income was MUR-48.3 Mil. And its Long-Term Debt & Capital Lease Obligation was MUR0.0 Mil.

Constance La Gaiete Co did not have earnings to cover the interest expense.

* 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.


Constance La Gaiete Co  (XMAU:CSE.I0000) 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 .


Constance La Gaiete Co Interest Coverage Related Terms

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Constance La Gaiete Co (XMAU:CSE.I0000) Business Description

Traded in Other Exchanges
N/A
Address
La Maison 1794, Constance, Centre de Flacq, MUS, 40609
Constance La Gaiete Co Ltd is engaged in sugar milling activities, production of other agro-industrial activities, and real estate projects. The firm's operating segments are Agricultural products-related activities; Livestock and aquaculture and Other activities. Agriculture products and related activities include sugar and related activities and agricultural diversification. Livestock and aquaculture involve the sale of poultry, venison, and oyster. Other activities include rental income, sales and income from other operating activities. The firm derives majority of the revenue from the Agriculture products and related activities segment.

Constance La Gaiete Co (XMAU:CSE.I0000) Headlines

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