METRO AG (XTER:B4B) Interest Coverage

: 0 (At Loss) (As of Sep. 2023)

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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. METRO AG's Operating Income for the three months ended in Sep. 2023 was €-578 Mil. METRO AG's Interest Expense for the three months ended in Sep. 2023 was €-63 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

XTER:B4B' s Interest Coverage Range Over the Past 10 Years
Min: 0.29 Med: 0.92 Max: 2.41
Current: 0.29

XTER:B4B's Interest Coverage is ranked worse than
98.43% of 254 companies
in the Retail - Defensive industry
Industry Median: 9.045 vs XTER:B4B: 0.29

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

METRO AG Interest Coverage Historical Data

The historical data trend for METRO 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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METRO AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

1.35

0.63

0.47

1.53

0.29

METRO AG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage																0.70	10.13	-	6.04	-

Competitive Comparison

For the Food Distribution subindustry, METRO 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.

METRO AG Interest Coverage Distribution

For the Retail - Defensive industry and Consumer Defensive sector, METRO AG's Interest Coverage distribution charts can be found below:

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

METRO 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.

METRO AG's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, METRO AG's Interest Expense was €-200 Mil. Its Operating Income was €57 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,838 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	57	/	-200
	=	0.29

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

Here, for the three months ended in Sep. 2023, METRO AG's Interest Expense was €-63 Mil. Its Operating Income was €-578 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,838 Mil.

METRO AG did not have earnings to cover the interest expense.

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

METRO AG (XTER:B4B) 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 .

METRO AG Interest Coverage Related Terms

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

METRO AG (XTER:B4B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » METRO AG (XTER:B4B) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

0RTE:UK MEO:Austria

Address

Metro-Strasse 1, Dusseldorf, NW, DEU, 40235

Website

https://www.metroag.de

METRO AG operates as a food service company. It is active in the self-service wholesale trade with the brands METRO and MAKRO as well as in the delivery sales with the METRO delivery service, and the supply specialists Classic Fine Foods, Pro a Pro, and Rungis Express. Its business consists of segments which include METRO Germany, METRO Western Europe, METRO Russia, METRO Eastern Europe, and others. The other segment includes Hospitality Digital, the business unit that bundles the group's digitalization initiatives. It also includes service companies that provide group-wide services in the areas of real estate, logistics, information technology, advertising, and procurement.

Executives

Rafael Gasset Giraldez	Board of Directors
Claude Sarrailh	Board of Directors
Dr. Steffen Greubel	Board of Directors

METRO AG (XTER:B4B) Headlines

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