wrkr (ASX:WRK) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is wrkr 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. wrkr's Operating Income for the six months ended in Dec. 2023 was A$-1.95 Mil. wrkr's Interest Expense for the six months ended in Dec. 2023 was A$-0.04 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 wrkr's Interest Coverage or its related term are showing as below:

ASX:WRK'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.

wrkr Interest Coverage Historical Data

The historical data trend for wrkr'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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wrkr Interest Coverage Chart

wrkr Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

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wrkr Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial										No Debt	-	-	-	-

Competitive Comparison of wrkr's Interest Coverage

For the Software - Infrastructure subindustry, wrkr'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.

wrkr's Interest Coverage Distribution in the Software Industry

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

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

wrkr 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.

wrkr'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, wrkr's Interest Expense was A$-0.10 Mil. Its Operating Income was A$-4.22 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.37 Mil.

wrkr did not have earnings to cover the interest expense.

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

Here, for the six months ended in Dec. 2023, wrkr's Interest Expense was A$-0.04 Mil. Its Operating Income was A$-1.95 Mil. And its Long-Term Debt & Capital Lease Obligation was A$0.07 Mil.

wrkr did not have earnings to cover the interest expense.

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

wrkr (ASX:WRK) 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 .

wrkr Interest Coverage Related Terms

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

wrkr (ASX:WRK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Goulburn Street, Level 24, Sydney, NSW, AUS, 2000

Website

https://www.inpaytech.com.au

wrkr Ltd, formerly Integrated Payment Technologies Ltd develops technology to facilitate the secure storage and transmission of data concerning payments. Its services include ClickSuper Service, Payment Adviser Service, and Bill Exchange Service. The company's only operating segment is engaged in the provision of services that enable its customers to meet their regulatory compliance across the hire-to-retire life cycle. It does that by facilitating the transfer of data and payments between regulated authorities and participants of the ecosystem (HR/payrolls, Accountants, Banks, APRA, SMSF Funds, and federal departments like the ATO). It operates in the one geographical segment of Australia.