Intellinetics (Intellinetics) Interest Coverage : 1.52 (As of Dec. 2023)

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What is Intellinetics 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. Intellinetics's Operating Income for the three months ended in Dec. 2023 was $0.18 Mil. Intellinetics's Interest Expense for the three months ended in Dec. 2023 was $-0.12 Mil. Intellinetics's interest coverage for the quarter that ended in Dec. 2023 was 1.52. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Intellinetics's Interest Coverage or its related term are showing as below:

INLX' s Interest Coverage Range Over the Past 10 Years
Min: 0.24 Med: 1.73 Max: 2.45
Current: 1.88

INLX's Interest Coverage is ranked worse than
89.9% of 1604 companies
in the Software industry
Industry Median: 28.885 vs INLX: 1.88

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

Intellinetics Interest Coverage Historical Data

The historical data trend for Intellinetics'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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Intellinetics Interest Coverage Chart

Intellinetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

0.24

2.45

1.58

1.88

Intellinetics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															1.68	1.66	1.84	2.54	1.52

Competitive Comparison of Intellinetics's Interest Coverage

For the Software - Application subindustry, Intellinetics'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.

Intellinetics's Interest Coverage Distribution in the Software Industry

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

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

Intellinetics 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.

Intellinetics'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, Intellinetics's Interest Expense was $-0.59 Mil. Its Operating Income was $1.11 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.89 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.107	/	-0.588
	=	1.88

Intellinetics's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Intellinetics's Interest Expense was $-0.12 Mil. Its Operating Income was $0.18 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.89 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.182	/	-0.12
	=	1.52

The higher the ratio, the stronger the company's Financial Strength is.

Intellinetics (AMEX:INLX) 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 .

Intellinetics Interest Coverage Related Terms

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

Intellinetics (Intellinetics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Intellinetics Inc (AMEX:INLX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2190 Dividend Drive, Columbus, OH, USA, 43228

Website

https://www.intellinetics.com

Intellinetics Inc is a document service and solutions software company serving both the small-to-medium business and governmental sectors. The company's digital transformation products and services are provided through two reporting segments: Document Management and Document Conversion. The Document Management segment consists primarily of solutions involving software platforms, which allow customers to capture and manage all documents across operations such as scanned hard-copy documents and all digital documents including those from Microsoft Office 365, digital images, audio, video, and emails. The company's Document Conversion offerings aid clients as a part of their overall document strategy to convert documents from one medium to another.

Executives

Paul Seid	director	22 WOODHAVEN DRIVE, NEW CITY NY 10956
Robert Taglich	10 percent owner	700 NEW YORK AVENUE, HUNTINGTON NY 11743
John C Guttilla	director	C/O ORCHIDS PAPER PRODUCTS COMPANY, 4826 HUNT STREET, PRYOR OK 74361
Michael N Taglich	10 percent owner	TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791
William Cooke	director	800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Robert C Schroeder	director	37 MAIN STREET, COLD SPRING HARBOR, NEW YORK NY 11724
James F Desocio	director, officer: Chief Executive Officer	380 ST PETER STREET, ST PAUL MN 55102
Joseph D Spain	officer: Chief Financial Officer	2190 DIVIDEND DR., COLUMBUS OH 43228
Roger E. Kahn	director	C/O BRIDGELINE DIGITAL, INC., 80 BLANCHARD ROAD, BURLINGTON MA 01803
Sophie Pibouin	director	4 SAINT JODE COURT, NORTHPORT NY 11768
Murray H Gross	director	2951 KINWEST PARKWAY, IRVING TX 75063
Thomas D Moss	director	2190 DIVIDEND DRIVE, COLUMBUS OH 43228
Matthew L Chretien	director, 10 percent owner, officer: President and CEO	2190 DIVIDEND DRIVE, COLUMBUS OH 43228
A Michael Chretien	director, 10 percent owner, officer: Secretary and Chairman	2190 DIVIDEND DRIVE, COLUMBUS OH 43228
Ramon M Shealy	other: Former Director*	2190 DIVIDEND DRIVE, COLUMBUS OH 43228