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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. Guided Therapeutics's Operating Income for the three months ended in Mar. 2024 was $-0.36 Mil. Guided Therapeutics's Interest Expense for the three months ended in Mar. 2024 was $-0.06 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 Guided Therapeutics's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Guided Therapeutics'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.
Guided Therapeutics Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
Guided Therapeutics 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 | - | - | - | - | - |
For the Medical Devices subindustry, Guided Therapeutics'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.
For the Medical Devices & Instruments industry and Healthcare sector, Guided Therapeutics's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Guided Therapeutics's Interest Coverage falls into.
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.
Guided Therapeutics'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, Guided Therapeutics's Interest Expense was $-0.28 Mil. Its Operating Income was $-3.46 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.67 Mil.
Guided Therapeutics did not have earnings to cover the interest expense. |
Guided Therapeutics's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Guided Therapeutics's Interest Expense was $-0.06 Mil. Its Operating Income was $-0.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.16 Mil.
Guided Therapeutics 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.
Guided Therapeutics (OTCPK:GTHP) 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 .
Thank you for viewing the detailed overview of Guided Therapeutics's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
John E Imhoff | director, 10 percent owner | P.O. BOX 31083, SEA ISLAND GA 31561 |
Alan Grujic | director | 349 FORBES AVE, SAN RAFAEL CA 94901 |
Michael C James | director | 2040 MAIN STREET, SUITE 225, IRVINE CA 92614 |
Richard P. Blumberg | director | 2357 HOBART AVENUE S.W., SEATTLE WA 98116 |
Lynne H Imhoff | 10 percent owner | 2716 SOUTH ROCKFORD ROAD, TULSA OK 74114 |
Gene S Cartwright | officer: Chief Executive Officer | 4088 COMMERCIAL AVE, NORTHBROOK IL 60062 |
Parsons & Whittemore Enterprises Corp. | 10 percent owner | 4 INTERNATIONAL DRIVE, RYE BROOK NY 10573 |
George F. Landegger 2010 10-year Grat | 10 percent owner | 4 INTERNATIONAL DRIVE, RYE BROOK NY 10573 |
George F Landegger | 10 percent owner | 4 INTERNATIONAL DRIVE, RYE BROOK, NEW YORK NY 10573 |
Whittemore Collection Ltd | 10 percent owner | 4 INTERNATIONAL DRIVE, RYE BROOK NY 10573 |
George F. Landegger 2010 5-year Grat | 10 percent owner | 4 INTERNATIONAL DRIVE, RYE BROOK NY 10573 |
Linda Rosenstock | director | 5995 PLAZA DRIVE, MAIL STOP CY20-103, CYPRESS CA 90630 |
Jonathan M Niloff | director | C/O MATRITECH, INC., 330 NEVADA STREET, NEWTON MA 02460 |
Ronald W Allen | director | P O BOX 1734, ATLANTA GA 30301 |
Shabbir Bakir Bambot | officer: VP of R & D | 4955 AVALON RIDGE PARKWAY, SUITE 300, NORCROSS GA 30071 |
From GuruFocus
By Marketwired Marketwired • 05-16-2018
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