SMB Cote d'Ivoire (XBRV:SMBC) Interest Coverage

: 5.54 (As of Dec. 2022)

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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. SMB Cote d'Ivoire's Operating Income for the six months ended in Dec. 2022 was XOF13,808 Mil. SMB Cote d'Ivoire's Interest Expense for the six months ended in Dec. 2022 was XOF-2,492 Mil. SMB Cote d'Ivoire's interest coverage for the quarter that ended in Dec. 2022 was 5.54. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for SMB Cote d'Ivoire's Interest Coverage or its related term are showing as below:

XBRV:SMBC' s Interest Coverage Range Over the Past 10 Years
Min: 0.52 Med: 2.98 Max: 11.46
Current: 5.54

XBRV:SMBC's Interest Coverage is ranked worse than
64.85% of 1192 companies
in the Chemicals industry
Industry Median: 9.705 vs XBRV:SMBC: 5.54

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

SMB Cote d'Ivoire Interest Coverage Historical Data

The historical data trend for SMB Cote d'Ivoire'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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SMB Cote d'Ivoire Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

3.35

0.52

10.97

11.46

5.54

SMB Cote d'Ivoire Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Interest Coverage										3.35	0.52	10.97	11.46	5.54

Competitive Comparison

For the Specialty Chemicals subindustry, SMB Cote d'Ivoire'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.

SMB Cote d'Ivoire Interest Coverage Distribution

For the Chemicals industry and Basic Materials sector, SMB Cote d'Ivoire's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SMB Cote d'Ivoire's Interest Coverage falls into.

SMB Cote d'Ivoire 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.

SMB Cote d'Ivoire's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, SMB Cote d'Ivoire's Interest Expense was XOF-2,492 Mil. Its Operating Income was XOF13,808 Mil. And its Long-Term Debt & Capital Lease Obligation was XOF3,218 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	13808	/	-2492
	=	5.54

SMB Cote d'Ivoire's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, SMB Cote d'Ivoire's Interest Expense was XOF-2,492 Mil. Its Operating Income was XOF13,808 Mil. And its Long-Term Debt & Capital Lease Obligation was XOF3,218 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	13808	/	-2492
	=	5.54

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

SMB Cote d'Ivoire (XBRV:SMBC) 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 .

SMB Cote d'Ivoire Interest Coverage Related Terms

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

SMB Cote d'Ivoire (XBRV:SMBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SMB Cote d'Ivoire (XBRV:SMBC) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Boulevard de Petit Bassam, Vridi, Abidjan, CIV, BP 622

Website

http://www.smbci.ci

SMB Cote d'Ivoire, formerly Societe Multinationale de Bitumes SA is engaged in the refinement of crude oil. Its products are obtained by direct distillation of a South American heavy crude. It offers its products for the production of road bitumen. The various grades of bitumen offered by the company include 35/50, 40/50, 50/70, AC-10 and AC-20 among others.