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ACMAT (ACMT) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is ACMAT 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 EBIT by its Interest Expense. ACMAT's EBIT for the three months ended in Sep. 2023 was $-0.18 Mil. ACMAT's Interest Expense for the three months ended in Sep. 2023 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 ACMAT's Interest Coverage or its related term are showing as below:


ACMT's Interest Coverage is not ranked *
in the Insurance industry.
Industry Median: 14.62
* 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.


ACMAT Interest Coverage Historical Data

The historical data trend for ACMAT'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.

ACMAT Interest Coverage Chart

ACMAT Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.05 7.00 6.37 5.93 4.06

ACMAT Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Sep22 Sep23
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 3.34 4.83 10.38 - -

Competitive Comparison of ACMAT's Interest Coverage

For the Insurance - Specialty subindustry, ACMAT'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.


ACMAT's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ACMAT's Interest Coverage distribution charts can be found below:

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



ACMAT 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 EBIT is positive, then

Interest Coverage=-1* EBIT /Interest Expense

Else if Interest Expense is negative and EBIT 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.

ACMAT's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, ACMAT's Interest Expense was $-0.30 Mil. Its EBIT was $1.21 Mil. And its Long-Term Debt & Capital Lease Obligation was $9.59 Mil.

Interest Coverage=-1* EBIT (A: Dec. 2015 )/Interest Expense (A: Dec. 2015 )
=-1*1.214/-0.299
=4.06

ACMAT's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, ACMAT's Interest Expense was $-0.01 Mil. Its EBIT was $-0.18 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

ACMAT did not have earnings to cover the interest expense.

* 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.


ACMAT  (OTCPK:ACMT) 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 .


ACMAT Interest Coverage Related Terms

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


ACMAT (ACMT) Business Description

Traded in Other Exchanges
N/A
Address
30 South Road, Farmington, CT, USA, 06032-2418
ACMAT Corp operates as a holding company that engages in the provision of providing surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors, and miscellaneous obligations nationwide. It also provides miscellaneous surety such as worker's compensation, supply, subdivision, license, and permit bonds. The company generates revenue from the investment income and premiums received.

ACMAT (ACMT) Headlines

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