Gattaca (LSE:GATC) Interest Coverage : 27.12 (As of Jan. 2024)

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What is Gattaca 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. Gattaca's Operating Income for the six months ended in Jan. 2024 was £0.7 Mil. Gattaca's Interest Expense for the six months ended in Jan. 2024 was £-0.0 Mil. Gattaca's interest coverage for the quarter that ended in Jan. 2024 was 27.12. The higher the ratio, the stronger the company's financial strength is.

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

LSE:GATC' s Interest Coverage Range Over the Past 10 Years
Min: 0.58 Med: 10.25 Max: 41.35
Current: 41.35

LSE:GATC's Interest Coverage is ranked better than
67.72% of 793 companies
in the Business Services industry
Industry Median: 13.27 vs LSE:GATC: 41.35

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

Gattaca Interest Coverage Historical Data

The historical data trend for Gattaca'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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Gattaca Interest Coverage Chart

Gattaca Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Interest Coverage

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3.12

4.65

6.96

0.58

25.97

Gattaca Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Interest Coverage	Get a 7-Day Free Trial															-	26.09	13.34	55.58	27.12

Competitive Comparison of Gattaca's Interest Coverage

For the Staffing & Employment Services subindustry, Gattaca'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.

Gattaca's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Gattaca's Interest Coverage distribution charts can be found below:

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

Gattaca 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.

Gattaca's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as

Here, for the fiscal year that ended in Jul. 2023, Gattaca's Interest Expense was £-0.1 Mil. Its Operating Income was £2.3 Mil. And its Long-Term Debt & Capital Lease Obligation was £1.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jul. 2023 )	/	Interest Expense (A: Jul. 2023 )
	=	-1	*	2.259	/	-0.087
	=	25.97

Gattaca's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the six months ended in Jan. 2024, Gattaca's Interest Expense was £-0.0 Mil. Its Operating Income was £0.7 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	0.705	/	-0.026
	=	27.12

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

Gattaca (LSE:GATC) 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 .

Gattaca Interest Coverage Related Terms

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

Gattaca (LSE:GATC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Gattaca PLC (LSE:GATC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

MNZ:Germany

Address

1450 Parkway, Solent Business Park, Whiteley, Fareham, Hampshire, GBR, PO15 7AF

Website

https://www.gattacaplc.com

Gattaca PLC provides specialist recruitment solutions to companies in the engineering and technology sector. Its offerings revolve around following services: contingent workforce solutions which include temporary, contract and project bases workforce; permanent recruitment process outsourcing providing full as well as partial outsource of the permanent workforce to clients; total workforce solutions and Employer branding services. The company's operating segments are classified into Mobility, Energy, Defense, Technology, Media and Telecoms, Infrastructure, International and other. It generates majority of the revenue from the infrastructure. Geographically, it derives a majority of revenue from the United Kingdom and also has a presence in Middle East, Europe, Africa and the United States.

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