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Mongolia Growth Group Interest Coverage

: N/A (As of Jun. 2021)
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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. Mongolia Growth Group's Operating Income for the three months ended in Jun. 2021 was $-0.35 Mil. Mongolia Growth Group's Interest Expense for the three months ended in Jun. 2021 was $0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies interest coverage is at least 5. Mongolia Growth Group Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

OTCPK:MNGGF' s Interest Coverage Range Over the Past 10 Years
Min: 12   Med: No Debt   Max: No Debt
Current: N/A

12
No Debt

OTCPK:MNGGF's Interest Coverage is ranked lower than
99.99% of the 1325 Companies
in the Real Estate industry.

( Industry Median: 5.28 vs. OTCPK:MNGGF: N/A )

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


Mongolia Growth Group Interest Coverage Historical Data

The historical data trend for Mongolia Growth Group'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.

* Premium members only.

Mongolia Growth Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 12.00 - - -

Mongolia Growth Group Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt N/A N/A N/A

Competitive Comparison

For the Real Estate Services industry, Mongolia Growth Group'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.

   

Mongolia Growth Group Interest Coverage Distribution

For the Real Estate Services industry and Real Estate sector, Mongolia Growth Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mongolia Growth Group's Interest Coverage falls into.



Mongolia Growth Group 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.


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

Mongolia Growth Group's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Mongolia Growth Group's Interest Expense was $-0.00 Mil. Its Operating Income was $-0.92 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.03 Mil.

Mongolia Growth Group did not have earnings to cover the interest expense.

Mongolia Growth Group's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Here, for the three months ended in Jun. 2021, Mongolia Growth Group's Interest Expense was $0.00 Mil. Its Operating Income was $-0.35 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.05 Mil.

GuruFocus does not calculate Mongolia Growth Group's interest coverage with the available data.

* 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.


Mongolia Growth Group  (OTCPK:MNGGF) 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 .


Mongolia Growth Group Interest Coverage Related Terms

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


Mongolia Growth Group Business Description

Mongolia Growth Group logo
Industry
Real Estate » Real Estate NAICS : 531390 SIC : 7599
Traded in Other Exchanges
Address
100 King Street West, 56th Floor Suite 5600, First Canadian Place, Toronto, ON, CAN, M5X 1C9
Mongolia Growth Group Ltd is a real estate investment and development company. It owns commercial investment property assets in Ulaanbaatar, Mongolia. The company operates through two segments: Investment Property Operations and Corporate. The Investment Property operations consist of commercial and residential investment property in Mongolia held for the purposes of rental revenue, capital appreciation or redevelopment.
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