International Money Express (International Money Express) Interest Coverage : 10.10 (As of Dec. 2023)

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What is International Money Express 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. International Money Express's Operating Income for the three months ended in Dec. 2023 was $28.1 Mil. International Money Express's Interest Expense for the three months ended in Dec. 2023 was $-2.8 Mil. International Money Express's interest coverage for the quarter that ended in Dec. 2023 was 10.10. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for International Money Express's Interest Coverage or its related term are showing as below:

IMXI' s Interest Coverage Range Over the Past 10 Years
Min: 0.16 Med: 4.28 Max: 15.26
Current: 9.2

IMXI's Interest Coverage is ranked worse than
68.94% of 1600 companies
in the Software industry
Industry Median: 29.37 vs IMXI: 9.20

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

International Money Express Interest Coverage Historical Data

The historical data trend for International Money Express'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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International Money Express Interest Coverage Chart

International Money Express Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.28

8.05

15.18

15.26

9.20

International Money Express 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															11.84	8.59	9.33	8.66	10.10

Competitive Comparison of International Money Express's Interest Coverage

For the Software - Infrastructure subindustry, International Money Express'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.

International Money Express's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, International Money Express's Interest Coverage distribution charts can be found below:

* The bar in red indicates where International Money Express's Interest Coverage falls into.

International Money Express 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.

International Money Express'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, International Money Express's Interest Expense was $-10.4 Mil. Its Operating Income was $95.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $203.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	95.935	/	-10.426
	=	9.20

International Money Express's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, International Money Express's Interest Expense was $-2.8 Mil. Its Operating Income was $28.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $203.7 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	28.102	/	-2.783
	=	10.10

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

International Money Express (NAS:IMXI) 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 .

International Money Express Interest Coverage Related Terms

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

International Money Express (International Money Express) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » International Money Express Inc (NAS:IMXI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

9480 South Dixie Highway, Miami, FL, USA, 33156

Website

https://www.intermexonline.com

International Money Express Inc is a processor of money transfer services in the USA to the Latin America corridor (LAC). The company offers services in approximately 50 states and Latin American countries. Computer and telephone-based options are available for convenient wire transfers. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services primarily between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.

Executives

Robert Lisy	director, officer: CEO, President and Chairman	INTERNATIONAL MONEY EXPRESS, INC., 9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Christopher D. Hunt	officer: Chief Operating Officer	9480 S. DIXIE HIGHWAY, MIAMI FL 33156
John Rincon	director	INTERNATIONAL MONEY EXPRESS, INC., 9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Adam P Godfrey	director, 10 percent owner, other: Member of 10% Owner Group	ATTN.: PAUL KARDISH, 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Justin B Wender	director, 10 percent owner, other: Member of 10 % Onwer Group	150 EAST 58TH STREET, NEW YORK NY 10155
Joseph Aguilar	officer: Chief Operating Officer	9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Andras Quinn Bende	officer: Chief Financial Officer	9481 S DIXIE HIGHWAY, MIAMI FL 33156
Ernesto Luciano	officer: General Counsel, CLO & Sec	9480 S DIXIE HIGHWAY, MIAMI FL 33156
Fernandez Bernardo B. Jr.	director	9480 S DIXIE HIGHWAY, MIAMI FL 33156
Debra A Bradford	director
Michael J. Purcell	director	C/O PATRIOT NATIONAL, INC., 401 E. LAS OLAS BLVD., SUITE 1650, FORT LAUDERDALE FL 33301
Laura I Maydon	director	9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Jose Perez-villarreal	officer: CAO & Chief Compliance Officer	INTERNATIONAL MONEY EXPRESS, INC., 9480 S. DIXIE HIGHWAY, MIAMI FL 33156
Stella Point Capital Llc	10 percent owner, other: Member of 10% Owner Group	444 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10022
Spc Intermex Representative Llc	10 percent owner, other: Member of 10% Owner Group	444 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10022