Bolsa Mexicana de ValoresB de CV (FRA:BC51) Interest Coverage : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Bolsa Mexicana de ValoresB de CV 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. Bolsa Mexicana de ValoresB de CV's Operating Income for the three months ended in Jun. 2023 was €25.8 Mil. Bolsa Mexicana de ValoresB de CV's Interest Expense for the three months ended in Jun. 2023 was €0.0 Mil. Bolsa Mexicana de ValoresB de CV has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Bolsa Mexicana de Valores SAB de CV has enough cash to cover all of its debt. Its financial situation is stable.

(1) 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.

The historical rank and industry rank for Bolsa Mexicana de ValoresB de CV's Interest Coverage or its related term are showing as below:

FRA:BC51' s Interest Coverage Range Over the Past 10 Years
Min: 11.62 Med: 103.66 Max: 225.04
Current: 167.98

FRA:BC51's Interest Coverage is ranked better than
67.4% of 454 companies
in the Capital Markets industry
Industry Median: 19.48 vs FRA:BC51: 167.98

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

Bolsa Mexicana de ValoresB de CV Interest Coverage Historical Data

The historical data trend for Bolsa Mexicana de ValoresB de CV'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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Bolsa Mexicana de ValoresB de CV Interest Coverage Chart

Bolsa Mexicana de ValoresB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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57.37

173.42

176.88

149.99

186.43

Bolsa Mexicana de ValoresB de CV Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Coverage	Get a 7-Day Free Trial															No Debt	N/A	29.36	No Debt	No Debt

Competitive Comparison of Bolsa Mexicana de ValoresB de CV's Interest Coverage

For the Financial Data & Stock Exchanges subindustry, Bolsa Mexicana de ValoresB de CV'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.

Bolsa Mexicana de ValoresB de CV's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bolsa Mexicana de ValoresB de CV's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Bolsa Mexicana de ValoresB de CV's Interest Coverage falls into.

Bolsa Mexicana de ValoresB de CV 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.

Bolsa Mexicana de ValoresB de CV'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, Bolsa Mexicana de ValoresB de CV's Interest Expense was €-0.5 Mil. Its Operating Income was €101.6 Mil. And its Long-Term Debt & Capital Lease Obligation was €4.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	101.602	/	-0.545
	=	186.43

Bolsa Mexicana de ValoresB de CV's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Bolsa Mexicana de ValoresB de CV's Interest Expense was €0.0 Mil. Its Operating Income was €25.8 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.0 Mil.

Bolsa Mexicana de ValoresB de CV had no debt ⁽¹⁾.

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

Bolsa Mexicana de ValoresB de CV (FRA:BC51) 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 .

Bolsa Mexicana de ValoresB de CV Interest Coverage Related Terms

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

Bolsa Mexicana de ValoresB de CV (FRA:BC51) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bolsa Mexicana de Valores SAB de CV (FRA:BC51) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BOMXF:USA BOLSAA:Mexico

Address

Avenida Paseo de la Reforma 255, Colonia Cuauhtemoc, Mexico, DF, MEX, 06500

Website

https://www.bmv.com.mx

Bolsa Mexicana de Valores SAB de CV or Grupo BMV is a public securities exchange operating in Mexico but with listings from both Mexican and foreign issuers. Its services include trading, listing, custody, clearing, and settlement, as well as counterparty services and data sales. The company's largest sources of revenue include cash equities, derivatives, over-the-counter activity, issuers, custody, and information services. Much of the company's revenue is driven by trading volume. The company's largest costs are personnel and technology-related. As with most exchanges, Grupo BMV heavily relies on technology to deliver its services.

Bolsa Mexicana de ValoresB de CV (FRA:BC51) Headlines

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Bolsa Mexicana de ValoresB de CV (FRA:BC51) Interest Coverage : No Debt (1) (As of Jun. 2023)