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Compania de Inversiones La Espanola (XSGO:ESPANOLA) Interest Coverage : 1,752.27 (As of Jun. 2024)


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What is Compania de Inversiones La Espanola 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. Compania de Inversiones La Espanola's Operating Income for the three months ended in Jun. 2024 was CLP7,105 Mil. Compania de Inversiones La Espanola's Interest Expense for the three months ended in Jun. 2024 was CLP-4 Mil. Compania de Inversiones La Espanola's interest coverage for the quarter that ended in Jun. 2024 was 1,752.27. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Compania de Inversiones La Espanola SA has no debt.

The historical rank and industry rank for Compania de Inversiones La Espanola's Interest Coverage or its related term are showing as below:

XSGO:ESPANOLA' s Interest Coverage Range Over the Past 10 Years
Min: 102.13   Med: 719.93   Max: No Debt
Current: 335.62


XSGO:ESPANOLA's Interest Coverage is ranked better than
63.64% of 462 companies
in the Asset Management industry
Industry Median: 49.275 vs XSGO:ESPANOLA: 335.62

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


Compania de Inversiones La Espanola Interest Coverage Historical Data

The historical data trend for Compania de Inversiones La Espanola'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.

Compania de Inversiones La Espanola Interest Coverage Chart

Compania de Inversiones La Espanola Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 740.15 943.49 135.23 483.12 1,712.07

Compania de Inversiones La Espanola Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 336.79 398.54 161.50 90.59 1,752.27

Competitive Comparison of Compania de Inversiones La Espanola's Interest Coverage

For the Asset Management subindustry, Compania de Inversiones La Espanola'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.


Compania de Inversiones La Espanola's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Compania de Inversiones La Espanola's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Compania de Inversiones La Espanola's Interest Coverage falls into.



Compania de Inversiones La Espanola 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.

Compania de Inversiones La Espanola'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, Compania de Inversiones La Espanola's Interest Expense was CLP-9 Mil. Its Operating Income was CLP14,618 Mil. And its Long-Term Debt & Capital Lease Obligation was CLP0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*14617.687/-8.538
=1,712.07

Compania de Inversiones La Espanola's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Compania de Inversiones La Espanola's Interest Expense was CLP-4 Mil. Its Operating Income was CLP7,105 Mil. And its Long-Term Debt & Capital Lease Obligation was CLP0 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*7105.46/-4.055
=1,752.27

* 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.


Compania de Inversiones La Espanola  (XSGO:ESPANOLA) 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 .


Compania de Inversiones La Espanola Interest Coverage Related Terms

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Compania de Inversiones La Espanola Business Description

Traded in Other Exchanges
N/A
Address
Prat 887, Piso 4, Valparaiso, CHL
Website
Compania de Inversiones La Espanola SA is an investment company focused on investment in the areas of real estate & international investment.

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