ARB IOT Group (ARB IOT Group) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is ARB IOT Group 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. ARB IOT Group's Operating Income for the six months ended in Dec. 2023 was $-13.70 Mil. ARB IOT Group's Interest Expense for the six months ended in Dec. 2023 was $-0.00 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 ARB IOT Group's Interest Coverage or its related term are showing as below:

ARBB's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 29.34
* 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.

ARB IOT Group Interest Coverage Historical Data

The historical data trend for ARB IOT Group'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.

ARB IOT Group Interest Coverage Chart

ARB IOT Group Annual Data

Trend

Jun21

Jun22

Jun23

Interest Coverage

No Debt

19,997.00

4,559.00

ARB IOT Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			7,530.00	12,790.00	No Debt	4,083.00	-

Competitive Comparison of ARB IOT Group's Interest Coverage

For the Information Technology Services subindustry, ARB IOT Group'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.

ARB IOT Group's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, ARB IOT Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ARB IOT Group's Interest Coverage falls into.

ARB IOT Group 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.

ARB IOT Group's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, ARB IOT Group's Interest Expense was $-0.00 Mil. Its Operating Income was $4.56 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.03 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	4.559	/	-0.001
	=	4,559.00

ARB IOT Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, ARB IOT Group's Interest Expense was $-0.00 Mil. Its Operating Income was $-13.70 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.02 Mil.

ARB IOT Group did not have earnings to cover the interest expense.

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

ARB IOT Group (NAS:ARBB) 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 .

ARB IOT Group Interest Coverage Related Terms

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

ARB IOT Group (ARB IOT Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ARB IOT Group Ltd (NAS:ARBB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Persiaran Puchong Jaya Selatan, 2nd Floor-09, Pusat Perdagangan IOI, Bandar Puchong Jaya, Puchong, SGR, MYS, 47100

Website

https://www.arbiotgroup.com

ARB IOT Group Ltd is engaged in provision of hardware and software of Internet of Things solutions to meet customers' demand in four business lines, which are IoT Smart Home and Buildings, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution. The company delivers holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works. The company has two operating segments: Internet of Things ('IoT') and Investment holding and others. It earns its maximum profit from the Internet of Things segment.

ARB IOT Group (ARB IOT Group) Headlines

From GuruFocus

ARB IOT Group Limited Announces Exercise and Closing of Over-Allotment Option in Initial Public Offering

By sperokesalga sperokesalga • 04-25-2023