Alantra Partners (XMAD:ALNT) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Alantra Partners 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. Alantra Partners's Operating Income for the three months ended in Mar. 2024 was €-1.0 Mil. Alantra Partners's Interest Expense for the three months ended in Mar. 2024 was €0.0 Mil. Alantra Partners has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

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

XMAD:ALNT' s Interest Coverage Range Over the Past 10 Years
Min: 1.3 Med: 428.53 Max: No Debt
Current: 1.3

XMAD:ALNT's Interest Coverage is ranked worse than
88.84% of 457 companies
in the Capital Markets industry
Industry Median: 19.7 vs XMAD:ALNT: 1.30

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

Alantra Partners Interest Coverage Historical Data

The historical data trend for Alantra Partners'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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Alantra Partners Interest Coverage Chart

Alantra Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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213.78

107.44

377.38

128.22

3.08

Alantra Partners Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															No Debt	3.88	No Debt	-	No Debt

Competitive Comparison of Alantra Partners's Interest Coverage

For the Capital Markets subindustry, Alantra Partners'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.

Alantra Partners's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Alantra Partners's Interest Coverage distribution charts can be found below:

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

Alantra Partners 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.

Alantra Partners'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, Alantra Partners's Interest Expense was €-0.4 Mil. Its Operating Income was €1.3 Mil. And its Long-Term Debt & Capital Lease Obligation was €26.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.337	/	-0.434
	=	3.08

Alantra Partners's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Alantra Partners's Interest Expense was €0.0 Mil. Its Operating Income was €-1.0 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.0 Mil.

Alantra Partners had no debt ⁽¹⁾.

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

Alantra Partners (XMAD:ALNT) 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 .

Alantra Partners Interest Coverage Related Terms

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

Alantra Partners (XMAD:ALNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Alantra Partners SA (XMAD:ALNT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ALNT:Germany DNY:Germany

Address

Calle de José Ortega y Gasset 29, Madrid, ESP, 28006

Website

https://www.alantra.com

Alantra Partners SA is a global investment banking and asset management firm. The company is primarily focusing on the mid-market with offices across Europe, the United States, Asia, and America. The company's business activities are split into the following segments: Financial Advisory, Asset Management, Structural, Portfolio and Other. Financial Advisory segment covers the provision of financial advisory services to companies or entities in corporate finance operations and the provision of stock market brokerage and analysis services to institutional investors. Its Portfolio business segment is engaged in obtaining capital gains by investing and subsequently selling stakes in companies or investment funds or vehicles.