Medmix AG (XSWX:MEDX) Interest Coverage : 0.34 (As of Dec. 2023)

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What is Medmix AG 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. Medmix AG's Operating Income for the six months ended in Dec. 2023 was CHF2.0 Mil. Medmix AG's Interest Expense for the six months ended in Dec. 2023 was CHF-5.9 Mil. Medmix AG's interest coverage for the quarter that ended in Dec. 2023 was 0.34. The higher the ratio, the stronger the company's financial strength is.

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

XSWX:MEDX' s Interest Coverage Range Over the Past 10 Years
Min: 1.41 Med: 7.55 Max: 9.18
Current: 1.41

XSWX:MEDX's Interest Coverage is ranked worse than
92.84% of 2304 companies
in the Industrial Products industry
Industry Median: 13.775 vs XSWX:MEDX: 1.41

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

Medmix AG Interest Coverage Historical Data

The historical data trend for Medmix AG'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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Medmix AG Interest Coverage Chart

Medmix AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

7.37

2.65

7.77

7.73

1.41

Medmix AG Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial					7.50	11.50	4.41	2.90	0.34

Competitive Comparison of Medmix AG's Interest Coverage

For the Specialty Industrial Machinery subindustry, Medmix AG'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.

Medmix AG's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Medmix AG's Interest Coverage distribution charts can be found below:

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

Medmix AG 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.

Medmix AG'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, Medmix AG's Interest Expense was CHF-10.1 Mil. Its Operating Income was CHF14.2 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF307.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	14.2	/	-10.1
	=	1.41

Medmix AG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Medmix AG's Interest Expense was CHF-5.9 Mil. Its Operating Income was CHF2.0 Mil. And its Long-Term Debt & Capital Lease Obligation was CHF307.5 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2	/	-5.9
	=	0.34

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

Medmix AG (XSWX:MEDX) 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 .

Medmix AG Interest Coverage Related Terms

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

Medmix AG (XSWX:MEDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Medmix AG (XSWX:MEDX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

MDMXF:USA MEDXz:UK

Address

Dammstrasse 19, Baar, Zug, CHE, 6340

Website

https://www.medmix.swiss

Medmix AG delivers technologies in high-precision delivery devices and fluid mixing for applications. It is into two business areas Healthcare and Consumer & Industrial. The Healthcare business area is divided into the Dental, Drug Delivery and Surgery segments. The Consumer & Industrial business area operates through the Industry and Beauty segments. The majority of revenue is from Consumer & Industrial segment. In the Industry segment, dispensers, cartridges, and mixers are used in the construction, transportation (automotive, railways and aerospace), electronics assembly, infrastructure and DIY industries. Geographically, it operates in Europe the Middle East and Africa, the Americas and Asia-Pacific.