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Dror Ortho-Design (Dror Ortho-Design) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Dror Ortho-Design 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. Dror Ortho-Design's Operating Income for the three months ended in Mar. 2024 was $-1.30 Mil. Dror Ortho-Design's Interest Expense for the three months ended in Mar. 2024 was $-0.01 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 Dror Ortho-Design's Interest Coverage or its related term are showing as below:


DROR's Interest Coverage is not ranked *
in the Interactive Media industry.
Industry Median: 38.43
* 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.


Dror Ortho-Design Interest Coverage Historical Data

The historical data trend for Dror Ortho-Design'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.

Dror Ortho-Design Interest Coverage Chart

Dror Ortho-Design Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt - -

Dror Ortho-Design Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt - -

Competitive Comparison of Dror Ortho-Design's Interest Coverage

For the Electronic Gaming & Multimedia subindustry, Dror Ortho-Design'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.


Dror Ortho-Design's Interest Coverage Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Dror Ortho-Design's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Dror Ortho-Design's Interest Coverage falls into.



Dror Ortho-Design 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.

Dror Ortho-Design's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Dror Ortho-Design's Interest Expense was $-0.00 Mil. Its Operating Income was $-4.38 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Dror Ortho-Design did not have earnings to cover the interest expense.

Dror Ortho-Design's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Dror Ortho-Design's Interest Expense was $-0.01 Mil. Its Operating Income was $-1.30 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Dror Ortho-Design 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.


Dror Ortho-Design  (OTCPK:DROR) 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 .


Dror Ortho-Design Interest Coverage Related Terms

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


Dror Ortho-Design (Dror Ortho-Design) Business Description

Traded in Other Exchanges
N/A
Address
100 Merrick Road, Suite 400W, Rockville Center, New York, NY, USA, 11570
Dror Ortho-Design Inc Formerly Novint Technologies Inc is engaged in the development and sale of 3D haptics products and equipment. The company's focus is on the consumer interactive computer gaming market, but it also does project work in other areas. Its operations are based in New Mexico with sales of its haptics products primarily to consumers through retail outlets.
Executives
Eliyahu Haddad director, officer: Chief Executive Officer SHATNER STREET 3, JERUSALEM L3 NA
Chaim Ravad director SHATNER STREET 3, JERUSALEM L3 NA
Yehuda Englander director SHATNER STREET 3, JERUSALEM L3 NA
Moshe Shvets director, officer: Chief Technology Officer SHATNER STREET 3, JERUSALEM L3 NA
Chaim Hurvitz director C/O GALMED PHARMACEUTICALS LTD., 8 SHAUL, HAMELECH BLVD, AMOT HAMISHPAT BLDG., TEL AVIV L3 64733
Orin Hirschman director, officer: Chief Executive Officer 101 EAST 52ND ST, NEW YORK NY 10022
Ryan Christoff director 480 JOHNSON ROAD SUITE 303, WASHINGTON PA 15301
Congregation Ahavas Tzdokah Vchesed Inc. 10 percent owner, other: See Explanation of Responses 1347 42ND STREET, BROOKLYN NY 11219
Ellis International L.p. other: See Explanation of Responses 100 MERRICK ROAD, SUITE 400W, ROCKVILLE CENTRE NY 11570
Brian W Long director 1010 OHIO RIVER BLVD., PITTSBURGH PA 15202
Shannon Lee Vissman director, 10 percent owner 1241 TURNBERRY DRIVE, UPPER ST. CLAIR PA 15241
Jan K Richardson director 1821 HILLANDALE RD., SUITE 307, DURHAM NC 27705
Aigh Investment Partners, Llc 10 percent owner 6006 BERKELEY AVENUE, BALTIMORE MD 21209
V Gerald Grafe director 901 RIO GRANDE BOULEVARD NW, BUILDING H, SUITE 262, ALBUQUERQUE NM 87104
Walter A Aviles 10 percent owner, officer: Chief Technical Officer 9620 SAN MATEO BOULEVARD NE, ALBUQUERQUE NM 87113

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