Firstcaution (XPAR:MLFIR) Interest Coverage : 1.18 (As of Dec. 2023)

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What is Firstcaution 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 EBIT by its Interest Expense. Firstcaution's EBIT for the six months ended in Dec. 2023 was €0.26 Mil. Firstcaution's Interest Expense for the six months ended in Dec. 2023 was €-0.22 Mil. Firstcaution's interest coverage for the quarter that ended in Dec. 2023 was 1.18. The higher the ratio, the stronger the company's financial strength is.

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

XPAR:MLFIR' s Interest Coverage Range Over the Past 10 Years
Min: 1.18 Med: 12.17 Max: 19.94
Current: 1.18

XPAR:MLFIR's Interest Coverage is ranked worse than
93.98% of 332 companies
in the Insurance industry
Industry Median: 14.555 vs XPAR:MLFIR: 1.18

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

Firstcaution Interest Coverage Historical Data

The historical data trend for Firstcaution'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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Firstcaution Interest Coverage Chart

Firstcaution Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

13.82

19.94

1.18

Firstcaution Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Coverage	Get a 7-Day Free Trial			13.82	19.94	-	-	1.18

Competitive Comparison of Firstcaution's Interest Coverage

For the Insurance Brokers subindustry, Firstcaution'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.

Firstcaution's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Firstcaution's Interest Coverage distribution charts can be found below:

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

Firstcaution 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 EBIT is positive, then

Interest Coverage

-1

EBIT

Interest Expense

Else if Interest Expense is negative and EBIT 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.

Firstcaution'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, Firstcaution's Interest Expense was €-0.22 Mil. Its EBIT was €0.26 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.59 Mil.

Interest Coverage	=	-1	*	EBIT (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	0.257	/	-0.217
	=	1.18

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

Here, for the six months ended in Dec. 2023, Firstcaution's Interest Expense was €-0.22 Mil. Its EBIT was €0.26 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.59 Mil.

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.257	/	-0.217
	=	1.18

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

Firstcaution (XPAR:MLFIR) 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 .

Firstcaution Interest Coverage Related Terms

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

Firstcaution (XPAR:MLFIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Firstcaution SA (XPAR:MLFIR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenue Edouard-Rod 4, CP 1155, Nyon, CHE, 1260

Website

http://www.firstcaution.ch

Firstcaution SA is an insurance company engaged in processing and providing rental deposit guarantees for private and commercial leases in Switzerland. It offers commercial lease deposit, combined cash deposit and guarantee, and individual risk assessment products to business customers; and guarantees for residential or commercial leases of private customers.

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