Unifreight Africa (XZIM:UNIF.ZW) Interest Coverage : 4.91 (As of Dec. 2023)

Unifreight Africa Interest Coverage Chart

Unifreight Africa Annual Data
	Trend	Dec09	Dec11	Dec12	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Coverage		Get a 7-Day Free Trial				14.32	22.47	-	0.70	4.91

Unifreight Africa Semi-Annual Data
	Dec09	Dec11	Dec12	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Coverage	Get a 7-Day Free Trial				14.32	22.47	-	0.70	4.91

Competitive Comparison of Unifreight Africa's Interest Coverage

For the Railroads subindustry, Unifreight Africa'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.

Unifreight Africa's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Unifreight Africa's Interest Coverage distribution charts can be found below:

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

Unifreight Africa 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Unifreight Africa'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, Unifreight Africa's Interest Expense was ZWG-540 Mil. Its Operating Income was ZWG2,655 Mil. And its Long-Term Debt & Capital Lease Obligation was ZWG2,088 Mil.

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

Here, for the six months ended in Dec. 2023, Unifreight Africa's Interest Expense was ZWG-540 Mil. Its Operating Income was ZWG2,655 Mil. And its Long-Term Debt & Capital Lease Obligation was ZWG2,088 Mil.

* 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.

Unifreight Africa  (XZIM:UNIF.ZW) 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 .

Unifreight Africa Interest Coverage Related Terms

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Unifreight Africa Business Description