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Collexis Holdings (Collexis Holdings) Interest Coverage : 0 (At Loss) (As of Mar. 2009)


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What is Collexis Holdings 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. Collexis Holdings's Operating Income for the three months ended in Mar. 2009 was $-1.63 Mil. Collexis Holdings's Interest Expense for the three months ended in Mar. 2009 was $-0.23 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(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 Collexis Holdings's Interest Coverage or its related term are showing as below:


CLXS's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.25
* 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.


Collexis Holdings Interest Coverage Historical Data

The historical data trend for Collexis Holdings'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.

Collexis Holdings Interest Coverage Chart

Collexis Holdings Annual Data
Trend Jun06 Jun07 Jun08
Interest Coverage
No Debt N/A No Debt

Collexis Holdings Quarterly Data
Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt - -

Competitive Comparison of Collexis Holdings's Interest Coverage

For the Software - Application subindustry, Collexis Holdings'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.


Collexis Holdings's Interest Coverage Distribution in the Software Industry

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

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



Collexis Holdings 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.

Collexis Holdings's Interest Coverage for the fiscal year that ended in Jun. 2008 is calculated as

Here, for the fiscal year that ended in Jun. 2008, Collexis Holdings's Interest Expense was $0.00 Mil. Its Operating Income was $-11.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Collexis Holdings had no debt (1).

Collexis Holdings's Interest Coverage for the quarter that ended in Mar. 2009 is calculated as

Here, for the three months ended in Mar. 2009, Collexis Holdings's Interest Expense was $-0.23 Mil. Its Operating Income was $-1.63 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Collexis Holdings 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.


Collexis Holdings  (GREY:CLXS) 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 .


Collexis Holdings Interest Coverage Related Terms

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Collexis Holdings (Collexis Holdings) Business Description

Traded in Other Exchanges
N/A
Address
1201 Main Street, Suite 980, Columbia, SC, USA, 29201
Collexis Holdings Inc is a software development company. It develops software that supports the knowledge intensive market, building tools to search and mine large sets of information.

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