Santova (JSE:SNV) Interest Coverage : 129.65 (As of Feb. 2024)

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What is Santova 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. Santova's Operating Income for the six months ended in Feb. 2024 was R93.5 Mil. Santova's Interest Expense for the six months ended in Feb. 2024 was R-0.7 Mil. Santova's interest coverage for the quarter that ended in Feb. 2024 was 129.65. The higher the ratio, the stronger the company's financial strength is.

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

JSE:SNV' s Interest Coverage Range Over the Past 10 Years
Min: 10.53 Med: 17.48 Max: 59.14
Current: 59.14

JSE:SNV's Interest Coverage is ranked better than
90.05% of 814 companies
in the Transportation industry
Industry Median: 5.325 vs JSE:SNV: 59.14

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

Santova Interest Coverage Historical Data

The historical data trend for Santova'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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Santova Interest Coverage Chart

Santova Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Coverage

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12.03

18.73

55.09

48.53

59.14

Santova 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															61.70	51.48	45.71	40.35	129.65

Competitive Comparison of Santova's Interest Coverage

For the Integrated Freight & Logistics subindustry, Santova'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.

Santova's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Santova's Interest Coverage distribution charts can be found below:

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

Santova 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.

Santova'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, Santova's Interest Expense was R-3.4 Mil. Its Operating Income was R202.6 Mil. And its Long-Term Debt & Capital Lease Obligation was R21.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Feb. 2024 )	/	Interest Expense (A: Feb. 2024 )
	=	-1	*	202.63	/	-3.426
	=	59.14

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

Here, for the six months ended in Feb. 2024, Santova's Interest Expense was R-0.7 Mil. Its Operating Income was R93.5 Mil. And its Long-Term Debt & Capital Lease Obligation was R21.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	93.475	/	-0.721
	=	129.65

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

Santova (JSE:SNV) 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 .

Santova Interest Coverage Related Terms

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

Santova (JSE:SNV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Santova Ltd (JSE:SNV) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 3 West, 1 Ncondo Place, Umhlanga Ridge, Umhlanga, NL, ZAF, 4319

Website

https://www.santova.com

Santova Ltd is a South African firm engaged in the international trade solutions business. Its core services are Supply chain solutions, business intelligence, logistic services, Client Sourcing, Procurement Management Services, Express sensitive services, and financial services. The company operates in three segments, namely Logistics services segment is into the coordination and control over the forward and reverse movement of client's goods across the entire supply chain from source to destination; Financial services comprise insurance and related services and the Head office segment provides support services to all group's business unit. Most of its revenue is earned through the Logistics segment. Its geographical segments include Africa, Asia Pacific, the United Kingdom, and Europe.