Allfunds Group (XAMS:ALLFG) Interest Coverage

: 3.58 (As of Dec. 2023)

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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. Allfunds Group's Operating Income for the six months ended in Dec. 2023 was €51 Mil. Allfunds Group's Interest Expense for the six months ended in Dec. 2023 was €-14 Mil. Allfunds Group's interest coverage for the quarter that ended in Dec. 2023 was 3.58. The higher the ratio, the stronger the company's financial strength is.

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

XAMS:ALLFG' s Interest Coverage Range Over the Past 10 Years
Min: 3.17 Med: 7.1 Max: 16.56
Current: 6.83

XAMS:ALLFG's Interest Coverage is ranked worse than
68.22% of 450 companies
in the Asset Management industry
Industry Median: 38 vs XAMS:ALLFG: 6.83

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

Allfunds Group Interest Coverage Historical Data

The historical data trend for Allfunds 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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Allfunds Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

3.17

7.37

16.56

6.83

Allfunds Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage					10.40	12.71	5.84	256.52	3.58

Competitive Comparison

For the Asset Management subindustry, Allfunds 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.

Allfunds Group Interest Coverage Distribution

For the Asset Management industry and Financial Services sector, Allfunds Group's Interest Coverage distribution charts can be found below:

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

Allfunds 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.

Allfunds Group'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, Allfunds Group's Interest Expense was €-14 Mil. Its Operating Income was €98 Mil. And its Long-Term Debt & Capital Lease Obligation was €383 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	98.408	/	-14.398
	=	6.83

Allfunds Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Allfunds Group's Interest Expense was €-14 Mil. Its Operating Income was €51 Mil. And its Long-Term Debt & Capital Lease Obligation was €383 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	50.952	/	-14.213
	=	3.58

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

Allfunds Group (XAMS:ALLFG) 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 .

Allfunds Group Interest Coverage Related Terms

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

Allfunds Group (XAMS:ALLFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Allfunds Group PLC (XAMS:ALLFG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ALLFGa:UK 0AAL:UK 6UY:Germany

Address

8 Mortimer Street, 2 Fitzroy Place, London, GBR, W1T 3JJ

Website

https://investors.allfunds.com

Allfunds is a fund distribution platform connecting fund houses and distributors, creating a single access point for both sides to gain a wider reach with regard to assets under administration and fund variety, respectively. As of 2022, Allfunds had EUR 1.3 trillion in assets under administration stemming from about 860 distributors on its platform. In return, distributors gained access to about 139,000 funds from 3,000 different fund houses. Allfunds also provides ancillary services to both fund houses and distributors, covering the marketing, distribution, legal, regulatory, as well as data and analytics needs arising in the fund distribution space. Allfunds derives the majority of its revenue from Italy, Spain, and France.

Allfunds Group (XAMS:ALLFG) Headlines

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