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Eurazeo SE (CHIX:RFP) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Eurazeo SE 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. Eurazeo SE's Operating Income for the six months ended in Dec. 2023 was €-1,767.9 Mil. Eurazeo SE's Interest Expense for the six months ended in Dec. 2023 was €-34.8 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 Eurazeo SE's Interest Coverage or its related term are showing as below:

CHIX:RFp' s Interest Coverage Range Over the Past 10 Years
Min: 1.31   Med: 2.84   Max: 10.48
Current: 1.35


CHIX:RFp's Interest Coverage is ranked worse than
89.11% of 450 companies
in the Asset Management industry
Industry Median: 39.105 vs CHIX:RFp: 1.35

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


Eurazeo SE Interest Coverage Historical Data

The historical data trend for Eurazeo SE'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.

Eurazeo SE Interest Coverage Chart

Eurazeo SE 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 2.65 1.90 7.77 3.25 1.35

Eurazeo SE 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 12.76 - 5.70 89.13 -

Competitive Comparison of Eurazeo SE's Interest Coverage

For the Asset Management subindustry, Eurazeo SE'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.


Eurazeo SE's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eurazeo SE's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Eurazeo SE's Interest Coverage falls into.



Eurazeo SE 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.

Eurazeo SE'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, Eurazeo SE's Interest Expense was €-55.5 Mil. Its Operating Income was €74.9 Mil. And its Long-Term Debt & Capital Lease Obligation was €159.2 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*74.935/-55.518
=1.35

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

Here, for the six months ended in Dec. 2023, Eurazeo SE's Interest Expense was €-34.8 Mil. Its Operating Income was €-1,767.9 Mil. And its Long-Term Debt & Capital Lease Obligation was €159.2 Mil.

Eurazeo SE did not have earnings to cover the interest expense.

* 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.


Eurazeo SE  (CHIX:RFp) 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 .


Eurazeo SE Interest Coverage Related Terms

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


Eurazeo SE (CHIX:RFP) Business Description

Traded in Other Exchanges
Address
1, Rue Georges Berger, 17th District, Paris, FRA, 75017
Eurazeo SE is an investment holding company operating as a conglomerate of four private equity segments. The company makes investments across a diverse array of industries and asset sizes, mostly in Europe. Eurazeo Capital, the company's greatest revenue contributor, makes investments in medium and large-sized companies above a certain asset threshold. Its other divisions consist of investments in small- and medium-sized companies, provide growth capital to smaller-sized enterprises, and make investments in real assets. The company is increasingly expanding into the Chinese, Brazilian, and American markets. Eurazeo measures performance by changes in net asset value.

Eurazeo SE (CHIX:RFP) Headlines

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