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Donegal Investment Group (DUB:DQ7A) Interest Coverage : 0 (At Loss) (As of Aug. 2023)


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What is Donegal Investment Group 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. Donegal Investment Group's Operating Income for the six months ended in Aug. 2023 was €-0.46 Mil. Donegal Investment Group's Interest Expense for the six months ended in Aug. 2023 was €0.15 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 Donegal Investment Group's Interest Coverage or its related term are showing as below:

DUB:DQ7A' s Interest Coverage Range Over the Past 10 Years
Min: 1.36   Med: 13.38   Max: 68.1
Current: 13.62


DUB:DQ7A's Interest Coverage is ranked better than
60.12% of 1384 companies
in the Consumer Packaged Goods industry
Industry Median: 8.4 vs DUB:DQ7A: 13.62

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


Donegal Investment Group Interest Coverage Historical Data

The historical data trend for Donegal Investment Group'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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Donegal Investment Group Interest Coverage Chart

Donegal Investment Group Annual Data
Trend Dec13 Dec14 Dec15 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.31 68.10 39.40 - 13.62

Donegal Investment Group Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.35 11.54 - 7.47 -

Competitive Comparison of Donegal Investment Group's Interest Coverage

For the Farm Products subindustry, Donegal Investment Group'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.


Donegal Investment Group's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Donegal Investment Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Donegal Investment Group's Interest Coverage falls into.



Donegal Investment Group 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.

Donegal Investment Group's Interest Coverage for the fiscal year that ended in Aug. 2023 is calculated as

Here, for the fiscal year that ended in Aug. 2023, Donegal Investment Group's Interest Expense was €-0.11 Mil. Its Operating Income was €1.50 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.55 Mil.

Interest Coverage=-1* Operating Income (A: Aug. 2023 )/Interest Expense (A: Aug. 2023 )
=-1*1.498/-0.11
=13.62

Donegal Investment Group's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Here, for the six months ended in Aug. 2023, Donegal Investment Group's Interest Expense was €0.15 Mil. Its Operating Income was €-0.46 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.55 Mil.

* 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.

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


Donegal Investment Group  (DUB:DQ7A) 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 .


Donegal Investment Group Interest Coverage Related Terms

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


Donegal Investment Group (DUB:DQ7A) Business Description

Traded in Other Exchanges
N/A
Address
Ballyraine, Co. Donegal, Letterkenny, IRL
Donegal Investment Group PLC is engaged in the development, purchase, and sale of seed potatoes and the rental and sale of property assets. Its only segment being Produce. The Group operates in three geographical segments: Ireland; Europe and the Rest of the World; generating a vast majority of its revenue within Ireland.

Donegal Investment Group (DUB:DQ7A) Headlines

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