Monarch Casino & Resort (Monarch Casino & Resort) 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. Monarch Casino & Resort's Operating Income for the three months ended in Dec. 2023 was $25.4 Mil. Monarch Casino & Resort's Interest Expense for the three months ended in Dec. 2023 was $0.1 Mil. did not have earnings to cover the interest expense. 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. Monarch Casino & Resort Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Monarch Casino & Resort's Interest Coverage or its related term are showing as below:

MCRI' s Interest Coverage Range Over the Past 10 Years
Min: 19.95 Med: 47.96 Max: 241.95
Current: 67.79

MCRI's Interest Coverage is ranked better than
83.03% of 607 companies
in the Travel & Leisure industry
Industry Median: 5.01 vs MCRI: 67.79

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

Monarch Casino & Resort Interest Coverage Historical Data

The historical data trend for Monarch Casino & Resort'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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Monarch Casino & Resort Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

N/A

55.94

19.95

46.05

67.79

Monarch Casino & Resort Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																140.38	39.45	38.09	86.46	-

Competitive Comparison

For the Resorts & Casinos subindustry, Monarch Casino & Resort'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.

Monarch Casino & Resort Interest Coverage Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Monarch Casino & Resort's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Monarch Casino & Resort's Interest Coverage falls into.

Monarch Casino & Resort 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.

Monarch Casino & Resort'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, Monarch Casino & Resort's Interest Expense was $-1.6 Mil. Its Operating Income was $110.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $19.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	110.152	/	-1.625
	=	67.79

Monarch Casino & Resort's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Monarch Casino & Resort's Interest Expense was $0.1 Mil. Its Operating Income was $25.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $19.5 Mil.

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

Monarch Casino & Resort (NAS:MCRI) 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 .

Monarch Casino & Resort Interest Coverage Related Terms

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

Monarch Casino & Resort (Monarch Casino & Resort) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Monarch Casino & Resort Inc (NAS:MCRI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3800 South Virginia Street, Reno, NV, USA, 89502

Website

https://www.monarchcasino.com

Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.

Executives

John Farahi	director, 10 percent owner, officer: Co-Chairman and CEO	MONARCH CASINO & RESORT INC, 1175 MOANA LANE SUITE 200, RENO NV 89509
Bob Farahi	director, 10 percent owner, officer: Co-Chairman and President	MONARCH CASINO & RESORT INC, 3800 S. VIRGINIA STREET, RENO NV 89502
David-jacques Farahi	officer: Chief Operating Officer	3800 S. VIRGINIA STREET, RENO NV 89502
Edwin S. Koenig	officer: CAO	3800 S. VIRGINIA STREET, RENO NV 89502
Ben Farahi	10 percent owner	3652 SOUTH VIRGINIA ST., SUITE C7, RENO NV 89502
Craig F Sullivan	director
Richard L. Cooley	officer: Vice President of Finance	3800 S. VIRGINIA STREET, RENO NV 89502
Ronald Rowan	officer: Chief Financial Officer	3800 S. VIRGINIA STREET, EXECUTIVE OFFICES, RENO NV 89502
Paul Andrews	director	3800 S. VIRGINIA STREET, RENO NV 89502
Yvette Landau	director
Ronald R Zideck	director
Charles W Scharer	director	C/O GAMETECH INTERNATIONAL INC, 900 SANDHILL ROAD, RENO NV 89521