Grupo AeromexicoB de CV (MEX:AEROMEX) Interest Coverage : 1.37 (As of Sep. 2022)

Grupo AeromexicoB de CV Interest Coverage Chart

Grupo AeromexicoB de CV Annual Data
	Trend	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21
Interest Coverage		Get a 7-Day Free Trial					0.83	0.17	0.49	-	-

Grupo AeromexicoB de CV Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Coverage	Get a 7-Day Free Trial															-	-	-	0.30	1.37

Competitive Comparison of Grupo AeromexicoB de CV's Interest Coverage

For the Airlines subindustry, Grupo AeromexicoB 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.

Grupo AeromexicoB de CV's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Grupo AeromexicoB de CV's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Grupo AeromexicoB de CV's Interest Coverage falls into.

Grupo AeromexicoB 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

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.

Grupo AeromexicoB de CV's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Grupo AeromexicoB de CV's Interest Expense was MXN-4,494 Mil. Its Operating Income was MXN-5,994 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN36,948 Mil.

Grupo AeromexicoB de CV's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, Grupo AeromexicoB de CV's Interest Expense was MXN-1,439 Mil. Its Operating Income was MXN1,973 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN59,592 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.

Grupo AeromexicoB de CV  (MEX:AEROMEX) 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 .

Grupo AeromexicoB de CV Interest Coverage Related Terms

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Grupo AeromexicoB de CV Business Description