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Autoscope Technologies (Autoscope Technologies) Interest Coverage : 79.88 (As of Jun. 2023)


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What is Autoscope Technologies 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. Autoscope Technologies's Operating Income for the three months ended in Jun. 2023 was $1.36 Mil. Autoscope Technologies's Interest Expense for the three months ended in Jun. 2023 was $-0.02 Mil. Autoscope Technologies's interest coverage for the quarter that ended in Jun. 2023 was 79.88. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Autoscope Technologies's Interest Coverage or its related term are showing as below:

AATC' s Interest Coverage Range Over the Past 10 Years
Min: 4.85   Med: No Debt   Max: No Debt
Current: 36.39


AATC's Interest Coverage is ranked better than
68.66% of 1602 companies
in the Hardware industry
Industry Median: 12.455 vs AATC: 36.39

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


Autoscope Technologies Interest Coverage Historical Data

The historical data trend for Autoscope Technologies'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.

* Premium members only.

Autoscope Technologies Interest Coverage Chart

Autoscope Technologies 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 N/A 86.86 N/A 4.85 66.86

Autoscope Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.22 - 59.59 79.88 N/A

Competitive Comparison of Autoscope Technologies's Interest Coverage

For the Scientific & Technical Instruments subindustry, Autoscope Technologies'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.


Autoscope Technologies's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Autoscope Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Autoscope Technologies's Interest Coverage falls into.



Autoscope Technologies 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.

Autoscope Technologies'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, Autoscope Technologies's Interest Expense was $-0.07 Mil. Its Operating Income was $4.61 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.56 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*4.613/-0.069
=66.86

Autoscope Technologies's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Autoscope Technologies's Interest Expense was $-0.02 Mil. Its Operating Income was $1.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.59 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2023 )/Interest Expense (Q: Jun. 2023 )
=-1*1.358/-0.017
=79.88

* 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.


Autoscope Technologies  (OTCPK:AATC) 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 .


Autoscope Technologies Interest Coverage Related Terms

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


Autoscope Technologies (Autoscope Technologies) Business Description

Traded in Other Exchanges
N/A
Address
1115 Hennepin Avenue, Minneapolis, MN, USA, 55403
Autoscope Technologies Corp is engaged in improving safety and efficiency for cities and highways by developing and delivering above-ground detection technology, applications, and solutions. It provides Intelligent Transportation Systems professionals precise and accurate information, including real-time reaction capabilities and in-depth analytics to make confident and proactive decisions.
Executives
Joseph Patrick Daly director 497 CIRCLE FREEWAY, CINCINNATI OH 45246
Brian Vanderbosch director 1600 UNIVERSITY AVE W, SUITE 400, SAINT PAUL MN 55104
James W Bracke director 15411 MASON POINTE, EDEN PRAIRIE MN 55347
Ezekiel Kruglick director 13842 DEERGRASS CT, POWAY CA 92064
Frank Glenn Hallowell officer: CFO 500 SPRUCE TREE CENTRE,, 1600 UNIVERSITY AVENUE WEST, ST. PAUL MN 55104
Theodore Thomas Johnson officer: Interim CFO 500 SPRUCE TREE, 1600 UNIVERSITY AVE. W, ST. PAUL MN 55104
Ab Value Management Llc 10 percent owner 208 LENOX AVE, #409, WESTFIELD NJ 07090
Todd Christoper Slawson officer: Interim CFO 3345 YOSEMITE AVENUE SOUTH, ST. LOUIS PARK MN 55416
Richard A. Ehrich officer: Interim CFO 500 SPRUCE TREE CENTRE, 1600 UNIVERSITY AVE W., ST. PAUL MN 55104
Geoffrey Clark Davis director 8828 CRICK ALY, ORLANDO FL 32827
Chad Stelzig officer: Interim President, Interim CEO 400 SPRUCE TREE CENTRE, 1600 UNIVERSITY AVE W., ST. PAUL MN 55104
Andrew Berger director, 10 percent owner 84 ELM STREET, WESTFIELD NJ 07090
Marxe Austin W & Greenhouse David M 10 percent owner C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Kris B Tufto director 2660 CHRISTIAN COURT, CHASKA MN 55318
Melissa B Fisher director 188 E. 64TH STREET, APT. 604, NEW YORK NY 10065

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