Arras Group SpA (MIL:AGU) Interest Coverage : 0 (At Loss) (As of Dec. 2022)

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What is Arras Group SpA 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. Arras Group SpA's Operating Income for the six months ended in Dec. 2022 was €-0.89 Mil. Arras Group SpA's Interest Expense for the six months ended in Dec. 2022 was €-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

MIL:AGU's Interest Coverage is not ranked ^*
in the Real Estate industry.
Industry Median: 3.955
* Ranked among companies with meaningful Interest Coverage only.

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

Arras Group SpA Interest Coverage Historical Data

The historical data trend for Arras Group SpA'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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Arras Group SpA Interest Coverage Chart

Arras Group SpA Annual Data

Trend

Dec21

Dec22

Interest Coverage

Arras Group SpA Semi-Annual Data
	Dec21	Dec22
Interest Coverage	-	-

Competitive Comparison of Arras Group SpA's Interest Coverage

For the Real Estate - Development subindustry, Arras Group SpA'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.

Arras Group SpA's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Arras Group SpA's Interest Coverage distribution charts can be found below:

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

Arras Group SpA 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.

Arras Group SpA's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Arras Group SpA's Interest Expense was €-0.01 Mil. Its Operating Income was €-0.89 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.30 Mil.

Arras Group SpA did not have earnings to cover the interest expense.

Arras Group SpA's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Arras Group SpA's Interest Expense was €-0.01 Mil. Its Operating Income was €-0.89 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.30 Mil.

Arras Group SpA did not have earnings to cover the interest expense.

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

Arras Group SpA (MIL:AGU) 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 .

Arras Group SpA Interest Coverage Related Terms

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Arras Group SpA (MIL:AGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arras Group SpA (MIL:AGU) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

6ZU:Germany

Address

Largo Domodossola 7, Milan, ITA, 20145

Website

https://www.arrasgroupspa.com

Arras Group SpA is a technological real estate development company for second homes, which currently operates in the Sardinian territory (in particular, in the north and south of the island), and is aimed at both Italian and foreign high-income customers. The Real Estate Projects developed by the Group typically arise in prestigious seaside locations in Sardinia, with the possibility of enjoying large internal and external spaces, as usually requested by national and international buyers interested in buying second homes. Its projects include Cannigione Sunrise, I Villini del Poetto, Seaside Costa Paradiso, The Tower Calasetta, Castle View, and others.