Raubex Group (JSE:RBX) Interest Coverage : 9.17 (As of Feb. 2024)

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What is Raubex Group 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. Raubex Group's Operating Income for the six months ended in Feb. 2024 was R945 Mil. Raubex Group's Interest Expense for the six months ended in Feb. 2024 was R-103 Mil. Raubex Group's interest coverage for the quarter that ended in Feb. 2024 was 9.17. The higher the ratio, the stronger the company's financial strength is.

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

JSE:RBX' s Interest Coverage Range Over the Past 10 Years
Min: 4.3 Med: 7.06 Max: 12.4
Current: 8.64

JSE:RBX's Interest Coverage is ranked better than
54.5% of 1255 companies
in the Construction industry
Industry Median: 7.04 vs JSE:RBX: 8.64

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

Raubex Group Interest Coverage Historical Data

The historical data trend for Raubex Group'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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Raubex Group Interest Coverage Chart

Raubex Group Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Coverage

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6.40

4.30

12.40

10.37

8.64

Raubex Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Interest Coverage	Get a 7-Day Free Trial															13.46	9.78	10.79	7.90	9.17

Competitive Comparison of Raubex Group's Interest Coverage

For the Engineering & Construction subindustry, Raubex Group'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.

Raubex Group's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Raubex Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Raubex Group's Interest Coverage falls into.

Raubex Group 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.

Raubex Group's Interest Coverage for the fiscal year that ended in Feb. 2024 is calculated as

Here, for the fiscal year that ended in Feb. 2024, Raubex Group's Interest Expense was R-178 Mil. Its Operating Income was R1,538 Mil. And its Long-Term Debt & Capital Lease Obligation was R1,385 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Feb. 2024 )	/	Interest Expense (A: Feb. 2024 )
	=	-1	*	1538.218	/	-178.122
	=	8.64

Raubex Group's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the six months ended in Feb. 2024, Raubex Group's Interest Expense was R-103 Mil. Its Operating Income was R945 Mil. And its Long-Term Debt & Capital Lease Obligation was R1,385 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	944.784	/	-103.05
	=	9.17

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

Raubex Group (JSE:RBX) 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 .

Raubex Group Interest Coverage Related Terms

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

Raubex Group (JSE:RBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Raubex Group Ltd (JSE:RBX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kenneth Kaunda Road Extension, Noordstad, Cleveley, Bloemfontein, FS, ZAF, 9300

Website

https://www.raubex.com

Raubex Group Ltd is a South African infrastructure development and construction materials supply group. It operates across South Africa as well as throughout southern Africa. The group consists of three divisions as follows: The materials division specializes in the supply of aggregates from commercial quarries and is a provider of materials handling and screening services to the mining industry. Roads and Earthworks Division specializes in road construction and earthworks as well as road surfacing and rehabilitation which includes the manufacturing and laying of asphalt, chip and spray, surface dressing, enrichments, and slurry seals. The infrastructure division specializes in disciplines outside the road construction sector, including energy, rail, and telecommunications.

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