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Auto Hall (CAS:ATH) Interest Coverage : 1.53 (As of Dec. 2023)


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What is Auto Hall 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. Auto Hall's Operating Income for the six months ended in Dec. 2023 was MAD149 Mil. Auto Hall's Interest Expense for the six months ended in Dec. 2023 was MAD-97 Mil. Auto Hall's interest coverage for the quarter that ended in Dec. 2023 was 1.53. The higher the ratio, the stronger the company's financial strength is.

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

CAS:ATH' s Interest Coverage Range Over the Past 10 Years
Min: 1.02   Med: 3.53   Max: 38.51
Current: 1.14


CAS:ATH's Interest Coverage is ranked worse than
91.38% of 1032 companies
in the Vehicles & Parts industry
Industry Median: 7.78 vs CAS:ATH: 1.14

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


Auto Hall Interest Coverage Historical Data

The historical data trend for Auto Hall'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.

Auto Hall Interest Coverage Chart

Auto Hall 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 3.66 1.02 4.19 2.34 1.14

Auto Hall Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 3.37 5.04 1.14 0.60 1.53

Competitive Comparison of Auto Hall's Interest Coverage

For the Auto & Truck Dealerships subindustry, Auto Hall'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.


Auto Hall's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Auto Hall's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Auto Hall's Interest Coverage falls into.



Auto Hall 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.

Auto Hall'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, Auto Hall's Interest Expense was MAD-167 Mil. Its Operating Income was MAD191 Mil. And its Long-Term Debt & Capital Lease Obligation was MAD0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*190.66/-167.023
=1.14

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

Here, for the six months ended in Dec. 2023, Auto Hall's Interest Expense was MAD-97 Mil. Its Operating Income was MAD149 Mil. And its Long-Term Debt & Capital Lease Obligation was MAD0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*148.541/-97.273
=1.53

* 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.


Auto Hall  (CAS:ATH) 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 .


Auto Hall Interest Coverage Related Terms

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


Auto Hall (CAS:ATH) Business Description

Traded in Other Exchanges
N/A
Address
64 Avenue Lalla Yacout, Casablanca, MAR, 20000
Auto Hall SA is engaged in the distribution of light vehicles and agricultural equipment. Its brands include Ford, Nissan, Fuso, Opel, Mitsubishi, Ford Trucks, Dongfeng, GAS, New Holland, hut, Belaz, Sany, Valvoline, and Haojue.