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Connexus (Connexus) Interest Coverage : 0 (At Loss) (As of Jun. 2015)


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What is Connexus 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. Connexus's Operating Income for the three months ended in Jun. 2015 was $-0.07 Mil. Connexus's Interest Expense for the three months ended in Jun. 2015 was $-0.02 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 Connexus's Interest Coverage or its related term are showing as below:


CNXS's Interest Coverage is not ranked *
in the Capital Markets industry.
Industry Median: 19.79
* 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.


Connexus Interest Coverage Historical Data

The historical data trend for Connexus'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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Connexus Interest Coverage Chart

Connexus Annual Data
Trend Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15
Interest Coverage
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Connexus Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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Competitive Comparison of Connexus's Interest Coverage

For the Capital Markets subindustry, Connexus'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.


Connexus's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Connexus's Interest Coverage distribution charts can be found below:

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



Connexus 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.

Connexus's Interest Coverage for the fiscal year that ended in Jun. 2015 is calculated as

Here, for the fiscal year that ended in Jun. 2015, Connexus's Interest Expense was $-0.30 Mil. Its Operating Income was $-0.82 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.01 Mil.

Connexus did not have earnings to cover the interest expense.

Connexus's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

Here, for the three months ended in Jun. 2015, Connexus's Interest Expense was $-0.02 Mil. Its Operating Income was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.01 Mil.

Connexus 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.


Connexus  (OTCPK:CNXS) 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 .


Connexus Interest Coverage Related Terms

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


Connexus (Connexus) Business Description

Traded in Other Exchanges
N/A
Address
211 Greenwood Avenue, Bethel, CT, USA, 06801
Connexus Corporation is a U.S based company focusing on providing bitcoin solutions to consumers in the United States through Bitcoin Automated Teller Machines (Bitcoin ATMs). It owns Bitcoin ATMs which are located in Las Vegas, Nevada at the LINQ Hotel and Casino, Sin City Vape, One Kicks Gym, and McFadden's Restaurant and Saloon. Through its Bitcoin ATMs, it intends to generate revenue from transaction fees charged to consumers who purchase or sell bitcoin using the machine.

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