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RM Rheiner Management AG (FRA:RMO) Interest Coverage : 333.00 (As of Jun. 2023)


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What is RM Rheiner Management 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. RM Rheiner Management AG's Operating Income for the six months ended in Jun. 2023 was €0.33 Mil. RM Rheiner Management AG's Interest Expense for the six months ended in Jun. 2023 was €-0.00 Mil. RM Rheiner Management AG's interest coverage for the quarter that ended in Jun. 2023 was 333.00. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

RM Rheiner Management AG has no debt.

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

FRA:RMO' s Interest Coverage Range Over the Past 10 Years
Min: 0   Med: 31.53   Max: No Debt
Current: 871


FRA:RMO's Interest Coverage is not ranked
in the Asset Management industry.
Industry Median: 39.105 vs FRA:RMO: 871.00

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


RM Rheiner Management AG Interest Coverage Historical Data

The historical data trend for RM Rheiner Management 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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RM Rheiner Management AG Interest Coverage Chart

RM Rheiner Management AG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.75 506.00 1,952.00 93.00 675.50

RM Rheiner Management AG Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 180.50 68.55 406.50 No Debt 333.00

Competitive Comparison of RM Rheiner Management AG's Interest Coverage

For the Asset Management subindustry, RM Rheiner Management 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.


RM Rheiner Management AG's Interest Coverage Distribution in the Asset Management Industry

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

* The bar in red indicates where RM Rheiner Management AG's Interest Coverage falls into.



RM Rheiner Management 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.

RM Rheiner Management AG's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, RM Rheiner Management AG's Interest Expense was €-0.00 Mil. Its Operating Income was €1.35 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*1.351/-0.002
=675.50

RM Rheiner Management AG's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, RM Rheiner Management AG's Interest Expense was €-0.00 Mil. Its Operating Income was €0.33 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2023 )/Interest Expense (Q: Jun. 2023 )
=-1*0.333/-0.001
=333.00

* 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.


RM Rheiner Management AG  (FRA:RMO) 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 .


RM Rheiner Management AG Interest Coverage Related Terms

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


RM Rheiner Management AG (FRA:RMO) Business Description

Traded in Other Exchanges
N/A
Address
Friesenstrasse 50, Cologne, DEU, 50670
RM Rheiner Management AG is active within the investment sector. The company focuses on special situations including structural measures of companies listed on the stock exchange.
Executives
Dr. Georg Issels Board of Directors

RM Rheiner Management AG (FRA:RMO) Headlines

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