NCC Group (LSE:NCC) Interest Coverage : 1.40 (As of Nov. 2023)

NCC Group Interest Coverage Chart

NCC Group Annual Data
	Trend	May14	May15	May16	May17	May18	May19	May20	May21	May22	May23
Interest Coverage		Get a 7-Day Free Trial					11.29	6.83	12.00	9.59	3.16

NCC Group Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Interest Coverage	Get a 7-Day Free Trial															6.47	12.25	4.85	1.70	1.40

Competitive Comparison of NCC Group's Interest Coverage

For the Software - Application subindustry, NCC 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.

NCC Group's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, NCC Group's Interest Coverage distribution charts can be found below:

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

NCC 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

NCC Group's Interest Coverage for the fiscal year that ended in May. 2023 is calculated as

Here, for the fiscal year that ended in May. 2023, NCC Group's Interest Expense was £-5.6 Mil. Its Operating Income was £17.7 Mil. And its Long-Term Debt & Capital Lease Obligation was £105.9 Mil.

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

Here, for the six months ended in Nov. 2023, NCC Group's Interest Expense was £-3.0 Mil. Its Operating Income was £4.2 Mil. And its Long-Term Debt & Capital Lease Obligation was £89.3 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.

NCC Group  (LSE:NCC) 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 .

NCC Group Interest Coverage Related Terms

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NCC Group (LSE:NCC) Business Description