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Infinite technology (Infinite technology) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Infinite technology 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. Infinite technology's Operating Income for the three months ended in . 20 was $0.00 Mil. Infinite technology's Interest Expense for the three months ended in . 20 was $0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(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 Infinite technology's Interest Coverage or its related term are showing as below:


ITCJ's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 19.83
* 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.


Infinite technology Interest Coverage Historical Data

The historical data trend for Infinite technology'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.

Infinite technology Interest Coverage Chart

Infinite technology Annual Data
Trend
Interest Coverage

Infinite technology Quarterly Data
Interest Coverage

Competitive Comparison of Infinite technology's Interest Coverage

For the Semiconductors subindustry, Infinite technology'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.


Infinite technology's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Infinite technology's Interest Coverage distribution charts can be found below:

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



Infinite technology 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.

Infinite technology's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Infinite technology's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Infinite technology had no debt (1).

Infinite technology's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the three months ended in . 20, Infinite technology's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Infinite technology 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.


Infinite technology  (OTCPK:ITCJ) 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 .


Infinite technology Interest Coverage Related Terms

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Infinite technology (Infinite technology) Business Description

Traded in Other Exchanges
N/A
Address
1431 Greenway Drive, Suite 800, Irving, TX, USA, 75038
Website
Infinite technology Corp is fitness and nutrition based company in Texas. The Company manufactures products for the health and fitness industries.

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