Acusensus (ASX:ACE) Interest Coverage : 163.00 (As of Jun. 2023)

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What is Acusensus 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. Acusensus's Operating Income for the six months ended in Jun. 2023 was A$0.33 Mil. Acusensus's Interest Expense for the six months ended in Jun. 2023 was A$-0.00 Mil. Acusensus's interest coverage for the quarter that ended in Jun. 2023 was 163.00. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Acusensus Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

ASX:ACE' s Interest Coverage Range Over the Past 10 Years
Min: 163 Med: 163 Max: 163
Current: 163

ASX:ACE's Interest Coverage is ranked better than
71.28% of 1612 companies
in the Software industry
Industry Median: 29.415 vs ASX:ACE: 163.00

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

Acusensus Interest Coverage Historical Data

The historical data trend for Acusensus'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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Acusensus Interest Coverage Chart

Acusensus Annual Data

Trend

Jun22

Jun23

Interest Coverage

N/A

163.00

Acusensus Semi-Annual Data
	Jun22	Jun23
Interest Coverage	N/A	163.00

Competitive Comparison of Acusensus's Interest Coverage

For the Software - Infrastructure subindustry, Acusensus'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.

Acusensus's Interest Coverage Distribution in the Software Industry

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

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

Acusensus 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.

Acusensus'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, Acusensus's Interest Expense was A$-0.00 Mil. Its Operating Income was A$0.33 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.70 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	0.326	/	-0.002
	=	163.00

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

Here, for the six months ended in Jun. 2023, Acusensus's Interest Expense was A$-0.00 Mil. Its Operating Income was A$0.33 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.70 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	0.326	/	-0.002
	=	163.00

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

Acusensus (ASX:ACE) 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 .

Acusensus Interest Coverage Related Terms

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

Acusensus (ASX:ACE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Acusensus Ltd (ASX:ACE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Queen Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.acusensus.com

Acusensus Ltd is involved in developing and commercializing intelligent traffic solutions technology. Its 'Heads-Up' solution has been designed to give authorities a tool to address distraction and other illegal driver behavior, to drive behavioral change on the road network. It also provides Data security solutions. The company's main objective is to Pioneer intelligent solutions to tackle difficult societal challenges, reduce road trauma and save lives. Geographically the company generates the majority of its revenue from Australia.

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