Mimecast (Mimecast) Interest Coverage : 36.45 (As of Dec. 2021)

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What is Mimecast 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. Mimecast's Operating Income for the three months ended in Dec. 2021 was $16.9 Mil. Mimecast's Interest Expense for the three months ended in Dec. 2021 was $-0.5 Mil. Mimecast's interest coverage for the quarter that ended in Dec. 2021 was 36.45. The higher the ratio, the stronger the company's financial strength is.

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

MIME's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 28.9
* Ranked among companies with meaningful Interest Coverage only.

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

Mimecast Interest Coverage Historical Data

The historical data trend for Mimecast'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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Mimecast Interest Coverage Chart

Mimecast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Interest Coverage

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0.51

12.31

Mimecast Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Interest Coverage	Get a 7-Day Free Trial															18.72	19.75	21.14	40.26	36.45

Competitive Comparison of Mimecast's Interest Coverage

For the Software - Infrastructure subindustry, Mimecast'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.

Mimecast's Interest Coverage Distribution in the Software Industry

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

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

Mimecast 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.

Mimecast's Interest Coverage for the fiscal year that ended in Mar. 2021 is calculated as

Here, for the fiscal year that ended in Mar. 2021, Mimecast's Interest Expense was $-2.8 Mil. Its Operating Income was $34.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $207.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2021 )	/	Interest Expense (A: Mar. 2021 )
	=	-1	*	34.523	/	-2.804
	=	12.31

Mimecast's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Here, for the three months ended in Dec. 2021, Mimecast's Interest Expense was $-0.5 Mil. Its Operating Income was $16.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $168.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2021 )	/	Interest Expense (Q: Dec. 2021 )
	=	-1	*	16.949	/	-0.465
	=	36.45

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

Mimecast (NAS:MIME) 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 .

Mimecast Interest Coverage Related Terms

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

Mimecast (Mimecast) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mimecast Ltd (NAS:MIME) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Finsbury Avenue, London, GBR, EC2M 2PF

Website

https://www.mimecast.com

Mimecast Ltd is a provider of next generation cloud security and risk management services for email and corporate information. Its integrated suite of proprietary cloud services protects customers of all sizes from the business and data security risks they are exposed to through their email and other corporate systems. Its Email Security 3.0 and Cyber Resilience Extension offerings are designed to protect customers from rapidly changing security environment. Its Email Security 3.0 strategy addresses threats in three distinct zones: at the email perimeter (Zone 1); inside the network and the organization (Zone 2); and beyond the perimeter (Zone 3). Additionally, its Cyber Resilience Extensions expand resilience to other critical elements of an organization's digital infrastructure.

Executives

Karen M. Anderson	officer: Chief Human Resources Officer	C/O MIMECAST LTD., 191 SPRING STREET, LEXINGTON MA 02421
Potier Helene Auriol	director	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Bernd Leger	officer: Chief Marketing Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
David Raissipour	officer: Chief Tech. & Product Officer	C/O CARBONITE, INC. 2 AVENUE DE LAFAYETTE BOSTON MA 02111
Heather Bentley	officer: SVP, Customer Success & Supp.	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Neil Murray	director	CITYPOINT ONE ROPEMAKER STREET MOORGATE, LONDON X0 EC2Y9AW
Rafeal E. Brown	officer: Chief Financial Officer	1 ROGERS STREET, CAMBRIDGE MA 02142
Robert P Nault	officer: Sr. Vice President and GC	C/O MIMECAST LIMITED, MIMECAST NA, INC. 191 SPRING STREET LEXINGTON MA 02421
Peter Bauer	director, officer: Chief Executive Officer	CITYPOINT, ONE ROPEMAKER STREET MOORGATE, LONDON X0 EC2Y 9AW
Michael Paisley	officer: Chief Security & Res. Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Alpna J. Doshi	director	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Stephen M Ward	director	C/O MIMECAST LIMITED, MIMECAST NA, INC. 191 SPRING STREET LEXINGTON MA 02421
Shahriar Rafimayeri	officer: Chief Information Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Christopher Fitzgerald	director	C/O MIMECAST LTD, MIMECAST NA INC. 191 SPRING STREET LEXINGTON MA 02421
Hagi Schwartz	director	C/O MIMECAST LIMITED, MIMECAST NA, INC., 191 SPRING STREET, LEXINGTON MA 02421