Hexima (ASX:HXL) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Hexima 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. Hexima's Operating Income for the six months ended in Dec. 2023 was A$-0.47 Mil. Hexima's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Hexima has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Hexima Ltd has no debt.

(1) 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.

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

ASX:HXL' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

ASX:HXL's Interest Coverage is ranked better than
99.41% of 341 companies
in the Biotechnology industry
Industry Median: 142.97 vs ASX:HXL: No Debt

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

Hexima Interest Coverage Historical Data

The historical data trend for Hexima'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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Hexima Interest Coverage Chart

Hexima Annual Data

Trend

Jun08

Jun09

Jun10

Jun20

Jun21

Jun22

Jun23

Interest Coverage

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No Debt

Hexima Semi-Annual Data
	Dec06	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial										-	-	-	No Debt	No Debt

Competitive Comparison of Hexima's Interest Coverage

For the Biotechnology subindustry, Hexima'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.

Hexima's Interest Coverage Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Hexima's Interest Coverage distribution charts can be found below:

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

Hexima 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.

Hexima'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, Hexima's Interest Expense was A$-0.03 Mil. Its Operating Income was A$-3.44 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Hexima did not have earnings to cover the interest expense.

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

Here, for the six months ended in Dec. 2023, Hexima's Interest Expense was A$0.00 Mil. Its Operating Income was A$-0.47 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.

Hexima had no debt ⁽¹⁾.

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

Hexima (ASX:HXL) 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 .

Hexima Interest Coverage Related Terms

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

Hexima (ASX:HXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Hexima Ltd (ASX:HXL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

84-90 Hotham Street, Corporate One, Preston, VIC, AUS, 3072

Website

https://www.hexima.com.au

Hexima Ltd is a biotechnology company. The company is engaged in the research and development of plant-derived proteins and peptides for applications as human therapeutics.