INAPA Inapa Investimentos Participacoes e Gestao (XLIS:INA) Interest Coverage : 0.64 (As of Jun. 2023)

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What is INAPA Inapa Investimentos Participacoes e Gestao 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. INAPA Inapa Investimentos Participacoes e Gestao's Operating Income for the six months ended in Jun. 2023 was €4 Mil. INAPA Inapa Investimentos Participacoes e Gestao's Interest Expense for the six months ended in Jun. 2023 was €-7 Mil. INAPA Inapa Investimentos Participacoes e Gestao's interest coverage for the quarter that ended in Jun. 2023 was 0.64. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. INAPA Inapa Investimentos Participacoes e Gestao SA interest coverage is 1.31, which is low.

The historical rank and industry rank for INAPA Inapa Investimentos Participacoes e Gestao's Interest Coverage or its related term are showing as below:

XLIS:INA' s Interest Coverage Range Over the Past 10 Years
Min: 0.59 Med: 2.1 Max: 3.6
Current: 1.31

XLIS:INA's Interest Coverage is ranked worse than
79.7% of 202 companies
in the Forest Products industry
Industry Median: 6.15 vs XLIS:INA: 1.31

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

INAPA Inapa Investimentos Participacoes e Gestao Interest Coverage Historical Data

The historical data trend for INAPA Inapa Investimentos Participacoes e Gestao'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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INAPA Inapa Investimentos Participacoes e Gestao Interest Coverage Chart

INAPA Inapa Investimentos Participacoes e Gestao Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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0.59

3.60

INAPA Inapa Investimentos Participacoes e Gestao 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															-	1.73	4.89	2.22	0.64

Competitive Comparison of INAPA Inapa Investimentos Participacoes e Gestao's Interest Coverage

For the Paper & Paper Products subindustry, INAPA Inapa Investimentos Participacoes e Gestao'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.

INAPA Inapa Investimentos Participacoes e Gestao's Interest Coverage Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, INAPA Inapa Investimentos Participacoes e Gestao's Interest Coverage distribution charts can be found below:

* The bar in red indicates where INAPA Inapa Investimentos Participacoes e Gestao's Interest Coverage falls into.

INAPA Inapa Investimentos Participacoes e Gestao 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.

INAPA Inapa Investimentos Participacoes e Gestao'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, INAPA Inapa Investimentos Participacoes e Gestao's Interest Expense was €-11 Mil. Its Operating Income was €38 Mil. And its Long-Term Debt & Capital Lease Obligation was €155 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	37.848	/	-10.501
	=	3.60

INAPA Inapa Investimentos Participacoes e Gestao's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, INAPA Inapa Investimentos Participacoes e Gestao's Interest Expense was €-7 Mil. Its Operating Income was €4 Mil. And its Long-Term Debt & Capital Lease Obligation was €157 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	4.379	/	-6.854
	=	0.64

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

INAPA Inapa Investimentos Participacoes e Gestao (XLIS:INA) 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 .

INAPA Inapa Investimentos Participacoes e Gestao Interest Coverage Related Terms

Thank you for viewing the detailed overview of INAPA Inapa Investimentos Participacoes e Gestao's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

INAPA Inapa Investimentos Participacoes e Gestao (XLIS:INA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » INAPA Inapa Investimentos Participacoes e Gestao SA (XLIS:INA) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Rua Braamcamp, 40, 9ºD, Lisbon, PRT, 1250-050

Website

https://www.inapa.com

INAPA Inapa Investimentos Participacoes e Gestao SA is engaged in the paper distribution in Europe. It operates in the Paper, Packaging, and Visual Communication segments. Its portfolio for graphics and office industry products consists of paper, printing and office consumables, and logistics services. Inapa, alongside the distribution of packaging materials, also develops technologies and various packaging concepts. The paper segment contributes to the majority of revenue. The geographical segments include Germany, France, Portugal, Spain, and others.

INAPA Inapa Investimentos Participacoes e Gestao (XLIS:INA) Headlines

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