The United Basalt Products (XMAU:UBP) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is The United Basalt Products 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. The United Basalt Products's Operating Income for the three months ended in Mar. 2024 was MUR-14 Mil. The United Basalt Products's Interest Expense for the three months ended in Mar. 2024 was MUR-37 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

XMAU:UBP' s Interest Coverage Range Over the Past 10 Years
Min: 2.18 Med: 4.31 Max: 96.36
Current: 2.18

XMAU:UBP's Interest Coverage is ranked worse than
82.52% of 309 companies
in the Building Materials industry
Industry Median: 6.56 vs XMAU:UBP: 2.18

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

The United Basalt Products Interest Coverage Historical Data

The historical data trend for The United Basalt Products'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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The United Basalt Products Interest Coverage Chart

The United Basalt Products Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

Get a 7-Day Free Trial

63.24

96.36

3.44

2.30

The United Basalt Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															-	4.03	2.58	2.64	-

Competitive Comparison of The United Basalt Products's Interest Coverage

For the Building Materials subindustry, The United Basalt Products'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.

The United Basalt Products's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, The United Basalt Products's Interest Coverage distribution charts can be found below:

* The bar in red indicates where The United Basalt Products's Interest Coverage falls into.

The United Basalt Products 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.

The United Basalt Products's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, The United Basalt Products's Interest Expense was MUR-108 Mil. Its Operating Income was MUR248 Mil. And its Long-Term Debt & Capital Lease Obligation was MUR738 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	247.657	/	-107.574
	=	2.30

The United Basalt Products's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, The United Basalt Products's Interest Expense was MUR-37 Mil. Its Operating Income was MUR-14 Mil. And its Long-Term Debt & Capital Lease Obligation was MUR0 Mil.

The United Basalt Products did not have earnings to cover the interest expense.

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

The United Basalt Products (XMAU:UBP) 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 .

The United Basalt Products Interest Coverage Related Terms

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

The United Basalt Products (XMAU:UBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » The United Basalt Products Ltd (XMAU:UBP) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Trianon, Quatre-Bornes, MUS

Website

https://www.ubp.mu

The United Basalt Products Ltd is engaged in the manufacturing and sale of building materials which consist mainly of aggregates, rock sand, and concrete blocks. Other products include precast concrete slabs, ready-to-use dry mortar, various concrete building components including paving-blocks and roof tiles, imported floor and wall tiles, sanitary ware and a complete range of home building and decorating products, fittings, tools, and garden accessories. Services rendered consist mainly of engineering works by the company's workshop and contracting services. The group's business segments consist of core business activities, Building Material and agriculture. Geographically, majority of its activity is performed in Mauritius.