Mon Courtier Energie Groupe (XPAR:ALMCE) Interest Coverage : 185.00 (As of Dec. 2023)

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What is Mon Courtier Energie Groupe 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. Mon Courtier Energie Groupe's Operating Income for the six months ended in Dec. 2023 was €0.56 Mil. Mon Courtier Energie Groupe's Interest Expense for the six months ended in Dec. 2023 was €-0.00 Mil. Mon Courtier Energie Groupe's interest coverage for the quarter that ended in Dec. 2023 was 185.00. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mon Courtier Energie Groupe SA has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Mon Courtier Energie Groupe's Interest Coverage or its related term are showing as below:

XPAR:ALMCE' s Interest Coverage Range Over the Past 10 Years
Min: 243.33 Med: 292.24 Max: 341.14
Current: 243.33

XPAR:ALMCE's Interest Coverage is ranked better than
83.73% of 793 companies
in the Business Services industry
Industry Median: 13.27 vs XPAR:ALMCE: 243.33

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

Mon Courtier Energie Groupe Interest Coverage Historical Data

The historical data trend for Mon Courtier Energie Groupe'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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Mon Courtier Energie Groupe Interest Coverage Chart

Mon Courtier Energie Groupe Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

N/A

341.14

243.33

Mon Courtier Energie Groupe Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	N/A	232.67	992.00	301.67	185.00

Competitive Comparison of Mon Courtier Energie Groupe's Interest Coverage

For the Specialty Business Services subindustry, Mon Courtier Energie Groupe'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.

Mon Courtier Energie Groupe's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mon Courtier Energie Groupe's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mon Courtier Energie Groupe's Interest Coverage falls into.

Mon Courtier Energie Groupe 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.

Mon Courtier Energie Groupe'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, Mon Courtier Energie Groupe's Interest Expense was €-0.01 Mil. Its Operating Income was €1.46 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.36 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.46	/	-0.006
	=	243.33

Mon Courtier Energie Groupe's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Mon Courtier Energie Groupe's Interest Expense was €-0.00 Mil. Its Operating Income was €0.56 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.36 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.555	/	-0.003
	=	185.00

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

Mon Courtier Energie Groupe (XPAR:ALMCE) 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 .

Mon Courtier Energie Groupe Interest Coverage Related Terms

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

Mon Courtier Energie Groupe (XPAR:ALMCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mon Courtier Energie Groupe SA (XPAR:ALMCE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

O4Z:Germany

Address

22-26 Quai de Bacalan, Bordeaux, FRA, 33000

Website

https://www.moncourtierenergie.com

Mon Courtier Energie Groupe SA provides energy expertise and brokerage services in France with its 23 agencies distributed on the national territory. It supports companies of all sizes in various sectors such as health, real estate, catering, hotels, shops or industry.

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