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Megacable HoldingsB de CV (Megacable HoldingsB de CV) Interest Coverage : 2.70 (As of Mar. 2024)


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What is Megacable HoldingsB de CV 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. Megacable HoldingsB de CV's Operating Income for the three months ended in Mar. 2024 was $103 Mil. Megacable HoldingsB de CV's Interest Expense for the three months ended in Mar. 2024 was $-38 Mil. Megacable HoldingsB de CV's interest coverage for the quarter that ended in Mar. 2024 was 2.70. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Megacable HoldingsB de CV's Interest Coverage or its related term are showing as below:

MHSDF' s Interest Coverage Range Over the Past 10 Years
Min: 2.67   Med: 13.1   Max: 29.19
Current: 2.67


MHSDF's Interest Coverage is ranked worse than
78.98% of 628 companies
in the Media - Diversified industry
Industry Median: 11.87 vs MHSDF: 2.67

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


Megacable HoldingsB de CV Interest Coverage Historical Data

The historical data trend for Megacable HoldingsB de CV'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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Megacable HoldingsB de CV Interest Coverage Chart

Megacable HoldingsB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.43 11.44 11.52 4.61 2.83

Megacable HoldingsB de CV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.69 2.94 2.44 2.61 2.70

Competitive Comparison of Megacable HoldingsB de CV's Interest Coverage

For the Entertainment subindustry, Megacable HoldingsB de CV'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.


Megacable HoldingsB de CV's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Megacable HoldingsB de CV's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Megacable HoldingsB de CV's Interest Coverage falls into.



Megacable HoldingsB de CV 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.

Megacable HoldingsB de CV'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, Megacable HoldingsB de CV's Interest Expense was $-131 Mil. Its Operating Income was $370 Mil. And its Long-Term Debt & Capital Lease Obligation was $945 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*369.812/-130.653
=2.83

Megacable HoldingsB de CV's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Megacable HoldingsB de CV's Interest Expense was $-38 Mil. Its Operating Income was $103 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,200 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*102.62/-38.04
=2.70

* 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.


Megacable HoldingsB de CV  (OTCPK:MHSDF) 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 .


Megacable HoldingsB de CV Interest Coverage Related Terms

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Megacable HoldingsB de CV (Megacable HoldingsB de CV) Business Description

Traded in Other Exchanges
Address
Lazaro Cardenas 1694, Colonia del Fresno, Guadalajara, MEX, 44900
Megacable Holdings SAB de CV is a diversified media company with interests in cable television services. The company has several business segments, including Cable Network, Internet, Telephone, Business, and other. The Cable Network segment distributes television broadcasting programs. The Internet segment provides Internet subscription services to corporate clients and individual customers. The Telephone segment provides fixed-line communications services. The Business segment provides IT services to enterprise clients, and the Other business segment provides advertising services. Megacable Holdings SAB de CV generates the majority of its revenue in Mexico.

Megacable HoldingsB de CV (Megacable HoldingsB de CV) Headlines