Media Investment Optimization (XMAD:MIO) Interest Coverage : 0.15 (As of Dec. 2023)

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What is Media Investment Optimization 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. Media Investment Optimization's Operating Income for the six months ended in Dec. 2023 was €0.10 Mil. Media Investment Optimization's Interest Expense for the six months ended in Dec. 2023 was €-0.64 Mil. Media Investment Optimization's interest coverage for the quarter that ended in Dec. 2023 was 0.15. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Media Investment Optimization's Interest Coverage or its related term are showing as below:

XMAD:MIO' s Interest Coverage Range Over the Past 10 Years
Min: 0.31 Med: 9.14 Max: 15.19
Current: 0.31

XMAD:MIO's Interest Coverage is not ranked
in the Media - Diversified industry.
Industry Median: 11.915 vs XMAD:MIO: 0.31

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

Media Investment Optimization Interest Coverage Historical Data

The historical data trend for Media Investment Optimization'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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Media Investment Optimization Interest Coverage Chart

Media Investment Optimization Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

8.45

15.19

9.82

0.31

Media Investment Optimization Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			N/A	9.40	10.09	0.57	0.15

Competitive Comparison of Media Investment Optimization's Interest Coverage

For the Advertising Agencies subindustry, Media Investment Optimization'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.

Media Investment Optimization's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Media Investment Optimization's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Media Investment Optimization's Interest Coverage falls into.

Media Investment Optimization 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.

Media Investment Optimization'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, Media Investment Optimization's Interest Expense was €-1.04 Mil. Its Operating Income was €0.32 Mil. And its Long-Term Debt & Capital Lease Obligation was €5.08 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	0.322	/	-1.035
	=	0.31

Media Investment Optimization's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Media Investment Optimization's Interest Expense was €-0.64 Mil. Its Operating Income was €0.10 Mil. And its Long-Term Debt & Capital Lease Obligation was €5.08 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.095	/	-0.637
	=	0.15

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

Media Investment Optimization (XMAD:MIO) 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 .

Media Investment Optimization Interest Coverage Related Terms

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Media Investment Optimization (XMAD:MIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Media Investment Optimization SA (XMAD:MIO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Paseo Castellana 95 Pl 24, Torre Europa Building, Madrid, ESP, 28046

Website

https://www.mio.es

Media Investment Optimization SA is a consultancy company in the integration of marketing services and digital transformation, oriented to provide an impact on the income statement of its clients, through the use of technology. It is made up of different companies specialized in the fields of marketing and advertising: creativity, media buying, data analytics, social media, web development, marketing automation and technology.