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Hestia Insight (Hestia Insight) Interest Coverage : No Debt (1) (As of Feb. 2024)


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What is Hestia Insight 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. Hestia Insight's Operating Income for the three months ended in Feb. 2024 was $-0.04 Mil. Hestia Insight's Interest Expense for the three months ended in Feb. 2024 was $0.00 Mil. Hestia Insight has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hestia Insight Inc has enough cash to cover all of its debt. Its financial situation is stable.

(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 Hestia Insight's Interest Coverage or its related term are showing as below:

HSTA' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


HSTA's Interest Coverage is ranked better than
98.82% of 1606 companies
in the Software industry
Industry Median: 28.9 vs HSTA: No Debt

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Hestia Insight Interest Coverage Historical Data

The historical data trend for Hestia Insight'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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Hestia Insight Interest Coverage Chart

Hestia Insight Annual Data
Trend Nov22 Nov23
Interest Coverage
No Debt No Debt

Hestia Insight Quarterly Data
Feb22 Aug22 Nov22 Feb23 Aug23 Nov23 Feb24
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Hestia Insight's Interest Coverage

For the Software - Application subindustry, Hestia Insight'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.


Hestia Insight's Interest Coverage Distribution in the Software Industry

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

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



Hestia Insight 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.

Hestia Insight's Interest Coverage for the fiscal year that ended in Nov. 2023 is calculated as

Here, for the fiscal year that ended in Nov. 2023, Hestia Insight's Interest Expense was $0.00 Mil. Its Operating Income was $-0.30 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Hestia Insight had no debt (1).

Hestia Insight's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Here, for the three months ended in Feb. 2024, Hestia Insight's Interest Expense was $0.00 Mil. Its Operating Income was $-0.04 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Hestia Insight had no debt (1).

* 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.


Hestia Insight  (OTCPK:HSTA) 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 .


Hestia Insight Interest Coverage Related Terms

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


Hestia Insight (Hestia Insight) Business Description

Traded in Other Exchanges
N/A
Address
400 S. 4th Street, Suite 500, Las Vegas, NV, USA, 89101
Hestia Insight Inc provides strategic consulting and capital market advisory services for micro, small and medium-sized companies in the healthcare, biotech and fintech sectors. It also provides access to seed capital and mezzanine funding for qualified emerging companies in these industries. The firm derives all of its revenue from consulting services.