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Main Street Complex (MAL:MSC) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Main Street Complex 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. Main Street Complex's Operating Income for the six months ended in Dec. 2023 was €0.24 Mil. Main Street Complex's Interest Expense for the six months ended in Dec. 2023 was €0.00 Mil. Main Street Complex has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Main Street Complex PLC has no debt.

(1) 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.

The historical rank and industry rank for Main Street Complex's Interest Coverage or its related term are showing as below:

MAL:MSC' s Interest Coverage Range Over the Past 10 Years
Min: 4.7   Med: 336   Max: 517
Current: 479


MAL:MSC's Interest Coverage is ranked better than
90.28% of 1338 companies
in the Real Estate industry
Industry Median: 4.03 vs MAL:MSC: 479.00

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


Main Street Complex Interest Coverage Historical Data

The historical data trend for Main Street Complex'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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Main Street Complex Interest Coverage Chart

Main Street Complex Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 517.00 225.00 336.00 463.00 479.00

Main Street Complex Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 No Debt No Debt No Debt 235.00 No Debt

Competitive Comparison of Main Street Complex's Interest Coverage

For the Real Estate Services subindustry, Main Street Complex'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.


Main Street Complex's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Main Street Complex's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Main Street Complex's Interest Coverage falls into.



Main Street Complex 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.

Main Street Complex'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, Main Street Complex's Interest Expense was €-0.00 Mil. Its Operating Income was €0.48 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*0.479/-0.001
=479.00

Main Street Complex's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Main Street Complex's Interest Expense was €0.00 Mil. Its Operating Income was €0.24 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Main Street Complex had no debt (1).

* 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.


Main Street Complex  (MAL:MSC) 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 .


Main Street Complex Interest Coverage Related Terms

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


Main Street Complex (MAL:MSC) Business Description

Traded in Other Exchanges
N/A
Address
Antoine De Paule Square, Main Street Complex, Paola, MLT, PLA 1262
Main Street Complex PLC is a shopping mall in Malta. It operates as a retail and entertainment complex. The mall has several shops all under one roof, all brands Debenhams, Pull & Bear, Pimkie, Peacocks, Accessorize, Sterling Jewellers, and many more. The group offers a computerized hall, cafe, bar and restaurant, car parking facilities, Wi-Fi, and other services.