Mauritius Cosmetics (XMAU:MCOS) Interest Coverage : 1.71 (As of Dec. 2022)

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What is Mauritius Cosmetics 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. Mauritius Cosmetics's Operating Income for the six months ended in Dec. 2022 was MUR30.4 Mil. Mauritius Cosmetics's Interest Expense for the six months ended in Dec. 2022 was MUR-17.8 Mil. Mauritius Cosmetics's interest coverage for the quarter that ended in Dec. 2022 was 1.71. The higher the ratio, the stronger the company's financial strength is.

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

XMAU:MCOS' s Interest Coverage Range Over the Past 10 Years
Min: 0.73 Med: 1.24 Max: 1.71
Current: 1.71

XMAU:MCOS's Interest Coverage is ranked worse than
85.28% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 8.54 vs XMAU:MCOS: 1.71

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

Mauritius Cosmetics Interest Coverage Historical Data

The historical data trend for Mauritius Cosmetics'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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Mauritius Cosmetics Interest Coverage Chart

Mauritius Cosmetics Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

Get a 7-Day Free Trial

1.15

0.94

0.73

1.45

1.71

Mauritius Cosmetics Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Interest Coverage	Get a 7-Day Free Trial			1.15	0.94	0.73	1.45	1.71

Competitive Comparison of Mauritius Cosmetics's Interest Coverage

For the Household & Personal Products subindustry, Mauritius Cosmetics'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.

Mauritius Cosmetics's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mauritius Cosmetics's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mauritius Cosmetics's Interest Coverage falls into.

Mauritius Cosmetics 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.

Mauritius Cosmetics's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Mauritius Cosmetics's Interest Expense was MUR-17.8 Mil. Its Operating Income was MUR30.4 Mil. And its Long-Term Debt & Capital Lease Obligation was MUR172.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	30.409	/	-17.785
	=	1.71

Mauritius Cosmetics's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Mauritius Cosmetics's Interest Expense was MUR-17.8 Mil. Its Operating Income was MUR30.4 Mil. And its Long-Term Debt & Capital Lease Obligation was MUR172.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	30.409	/	-17.785
	=	1.71

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

Mauritius Cosmetics (XMAU:MCOS) 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 .

Mauritius Cosmetics Interest Coverage Related Terms

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

Mauritius Cosmetics (XMAU:MCOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mauritius Cosmetics Ltd (XMAU:MCOS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bonne Terre, Vacoas, MUS, 73304

Website

http://www.deramann.com

Mauritius Cosmetics Ltd is a Mauritius-based company mainly engaged in the manufacturing and distribution of consumer goods. It develops toothpaste under the brand name Dentamax. In addition to Dentamax toothpaste, the company also manufactures soap products, insect repellent products, Kamill cosmetic products under license from Burnus GMBH (Germany), and furniture care products from Poliboy Werke (Germany). The Company's principal activities are; The manufacture of toothpaste, cosmetic products, creams, household products, toiletries and perfumes; The distribution, retail and export of consumer goods, The rental of investment properties; and The investment in equity instruments. The firm generates revenue from the sale of toothpaste, beauty, hygienic, and maintenance products.

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