Immsi SpA (MIL:IMS) Interest Coverage

: 0 (At Loss) (As of Dec. 2023)

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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. Immsi SpA's Operating Income for the three months ended in Dec. 2023 was €28 Mil. Immsi SpA's Interest Expense for the three months ended in Dec. 2023 was €1 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Immsi SpA interest coverage is 2.49, which is low.

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

MIL:IMS' s Interest Coverage Range Over the Past 10 Years
Min: 1.12 Med: 2.11 Max: 3.88
Current: 2.49

MIL:IMS's Interest Coverage is ranked worse than
77.79% of 1031 companies
in the Vehicles & Parts industry
Industry Median: 7.7 vs MIL:IMS: 2.49

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

Immsi SpA Interest Coverage Historical Data

The historical data trend for Immsi SpA'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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Immsi SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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2.78

1.97

2.50

3.88

2.49

Immsi SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	1.97	7.37	0.76	-

Competitive Comparison

For the Auto Manufacturers subindustry, Immsi SpA'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.

Immsi SpA Interest Coverage Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Immsi SpA's Interest Coverage distribution charts can be found below:

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

Immsi SpA 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.

Immsi SpA'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, Immsi SpA's Interest Expense was €-71 Mil. Its Operating Income was €177 Mil. And its Long-Term Debt & Capital Lease Obligation was €590 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	176.652	/	-70.952
	=	2.49

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

Here, for the three months ended in Dec. 2023, Immsi SpA's Interest Expense was €1 Mil. Its Operating Income was €28 Mil. And its Long-Term Debt & Capital Lease Obligation was €590 Mil.

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

Immsi SpA (MIL:IMS) 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 .

Immsi SpA Interest Coverage Related Terms

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

Immsi SpA (MIL:IMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Immsi SpA (MIL:IMS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

IMY:Germany

Address

Piazza Vilfredo Pareto, 3, Centro Direzionale Boma, Mantova, ITA, 46100

Website

https://www.immsi.it

Immsi SpA is an Italy-based holding company. The company's operating segments include Property and holding; Industrial and Marine. It generates maximum revenue from the Industrial segment. The industrial segment is engaged in the manufacture and marketing of motorcycles, scooters, mopeds, and light commercial vehicles. Geographically, it derives a majority of revenue from Italy and also has a presence in the Rest of Europe; India; the United States, and the Rest of the World.

Immsi SpA (MIL:IMS) Headlines

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