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FMS Enterprises Migun (XTAE:FBRT) Interest Coverage : N/A (As of Dec. 2023)


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What is FMS Enterprises Migun 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. FMS Enterprises Migun's Operating Income for the three months ended in Dec. 2023 was ₪65.1 Mil. FMS Enterprises Migun's Interest Expense for the three months ended in Dec. 2023 was ₪0.0 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 to be at least 5. FMS Enterprises Migun Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for FMS Enterprises Migun's Interest Coverage or its related term are showing as below:

XTAE:FBRT' s Interest Coverage Range Over the Past 10 Years
Min: 43.81   Med: 425.69   Max: 1615.85
Current: 573.83


XTAE:FBRT's Interest Coverage is ranked better than
95.22% of 209 companies
in the Aerospace & Defense industry
Industry Median: 7.23 vs XTAE:FBRT: 573.83

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


FMS Enterprises Migun Interest Coverage Historical Data

The historical data trend for FMS Enterprises Migun'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.

* Premium members only.

FMS Enterprises Migun Interest Coverage Chart

FMS Enterprises Migun Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 662.52 196.07 290.90 323.07 572.17

FMS Enterprises Migun Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 360.33 365.66 233.89 N/A

Competitive Comparison of FMS Enterprises Migun's Interest Coverage

For the Aerospace & Defense subindustry, FMS Enterprises Migun'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.


FMS Enterprises Migun's Interest Coverage Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, FMS Enterprises Migun's Interest Coverage distribution charts can be found below:

* The bar in red indicates where FMS Enterprises Migun's Interest Coverage falls into.



FMS Enterprises Migun 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.

FMS Enterprises Migun'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, FMS Enterprises Migun's Interest Expense was ₪-0.3 Mil. Its Operating Income was ₪145.3 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪4.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*145.331/-0.254
=572.17

FMS Enterprises Migun's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, FMS Enterprises Migun's Interest Expense was ₪0.0 Mil. Its Operating Income was ₪65.1 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪4.0 Mil.

GuruFocus does not calculate FMS Enterprises Migun'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.


FMS Enterprises Migun  (XTAE:FBRT) 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 .


FMS Enterprises Migun Interest Coverage Related Terms

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


FMS Enterprises Migun (XTAE:FBRT) Business Description

Traded in Other Exchanges
N/A
Address
27 Imber Street, Petah Tikva, ISR
FMS Enterprises Migun Ltd manufactures & sells ballistic protection technology globally. It provides non-woven uni-directional (UD) fabrics for hard & soft armor applications. It also offers pressed panels of UD fabrics for personal & vehicle protection. Its fabrics used as raw materials in the personal protection and protection of vehicles and transportation industries.

FMS Enterprises Migun (XTAE:FBRT) Headlines

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