Parx Materials NV (XPAR:MLPRX) Interest Coverage : 0 (At Loss) (As of Dec. 2022)

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What is Parx Materials NV 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. Parx Materials NV's Operating Income for the six months ended in Dec. 2022 was €-0.20 Mil. Parx Materials NV's Interest Expense for the six months ended in Dec. 2022 was €-0.00 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 Parx Materials NV's Interest Coverage or its related term are showing as below:

XPAR:MLPRX's Interest Coverage is not ranked ^*
in the Chemicals industry.
Industry Median: 9.88
* Ranked among companies with meaningful Interest Coverage only.

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

Parx Materials NV Interest Coverage Historical Data

The historical data trend for Parx Materials NV'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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Parx Materials NV Interest Coverage Chart

Parx Materials NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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No Debt

Parx Materials NV Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Interest Coverage	Get a 7-Day Free Trial			No Debt	No Debt	-	No Debt	-

Competitive Comparison of Parx Materials NV's Interest Coverage

For the Specialty Chemicals subindustry, Parx Materials NV'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.

Parx Materials NV's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Parx Materials NV's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Parx Materials NV's Interest Coverage falls into.

Parx Materials NV 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.

Parx Materials NV'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, Parx Materials NV's Interest Expense was €-0.00 Mil. Its Operating Income was €-0.20 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Parx Materials NV did not have earnings to cover the interest expense.

Parx Materials NV's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Parx Materials NV's Interest Expense was €-0.00 Mil. Its Operating Income was €-0.20 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Parx Materials NV did not have earnings to cover the interest expense.

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

Parx Materials NV (XPAR:MLPRX) 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 .

Parx Materials NV Interest Coverage Related Terms

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Parx Materials NV (XPAR:MLPRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Parx Materials NV (XPAR:MLPRX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

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Address

Goudsesingel 96 (Unit 1.7), Rotterdam, NLD, 3011 KD

Website

https://www.parxmaterials.com

Parx Materials NV is a holding company. It is engaged in developing, manufacturing, and marketing biocompatible plastics and antibacterial polymers. The company through its patented process is integrating it in plastics improving the material's characteristics to protect the surface from bacteria, molds, and fungi. Its technology does not impact any of the original features of the material and the antibacterial property lasts a lifetime. The company's technology can be used for roughly any application, for example for toilet seats, mobile phones, light switches, hospital beds, medical devices, remote controls, door handles, refrigerators, and packaging materials.

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