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Compagnie Financiere Tradition (XSWX:CFT) Interest Coverage : 15.18 (As of Jun. 2023)


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What is Compagnie Financiere Tradition 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. Compagnie Financiere Tradition's Operating Income for the six months ended in Jun. 2023 was CHF60.9 Mil. Compagnie Financiere Tradition's Interest Expense for the six months ended in Jun. 2023 was CHF-4.0 Mil. Compagnie Financiere Tradition's interest coverage for the quarter that ended in Jun. 2023 was 15.18. The higher the ratio, the stronger the company's financial strength is.

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

XSWX:CFT' s Interest Coverage Range Over the Past 10 Years
Min: 6.08   Med: 7.8   Max: 12.58
Current: 12.58


XSWX:CFT's Interest Coverage is ranked worse than
54.89% of 450 companies
in the Capital Markets industry
Industry Median: 19.12 vs XSWX:CFT: 12.58

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


Compagnie Financiere Tradition Interest Coverage Historical Data

The historical data trend for Compagnie Financiere Tradition'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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Compagnie Financiere Tradition Interest Coverage Chart

Compagnie Financiere Tradition Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.89 6.08 7.36 6.24 9.24

Compagnie Financiere Tradition Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Interest Coverage Get a 7-Day Free Trial 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 9.00 3.41 8.18 10.42 15.18

Competitive Comparison of Compagnie Financiere Tradition's Interest Coverage

For the Capital Markets subindustry, Compagnie Financiere Tradition'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.


Compagnie Financiere Tradition's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Compagnie Financiere Tradition's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Compagnie Financiere Tradition's Interest Coverage falls into.



Compagnie Financiere Tradition 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.

Compagnie Financiere Tradition'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, Compagnie Financiere Tradition's Interest Expense was CHF-10.2 Mil. Its Operating Income was CHF94.2 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF255.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*94.167/-10.19
=9.24

Compagnie Financiere Tradition's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Compagnie Financiere Tradition's Interest Expense was CHF-4.0 Mil. Its Operating Income was CHF60.9 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF248.7 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2023 )/Interest Expense (Q: Jun. 2023 )
=-1*60.872/-4.009
=15.18

* 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.


Compagnie Financiere Tradition  (XSWX:CFT) 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 .


Compagnie Financiere Tradition Interest Coverage Related Terms

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Compagnie Financiere Tradition (XSWX:CFT) Business Description

Traded in Other Exchanges
Address
11, Rue de Langallerie, Lausanne, CHE, CH - 1003
Compagnie Financiere Tradition SA is a Switzerland-based interdealer broking firm. It acts as a marketplace and an intermediary and facilitates transactions between financial institutions and other professional traders in the capital markets. Its Financial and non-financial products include bonds, interest rates, index futures, currency and credit derivatives, equities, precious metals, energy and environmental products, and others. Its geographical segments are Europe, Middle East and Africa; Americas and Asia-Pacific.

Compagnie Financiere Tradition (XSWX:CFT) Headlines

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