Ultrack Systems (Ultrack Systems) Interest Coverage : 0 (At Loss) (As of . 20)

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What is Ultrack Systems 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. Ultrack Systems's Operating Income for the three months ended in . 20 was $0.00 Mil. Ultrack Systems'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 Ultrack Systems's Interest Coverage or its related term are showing as below:

MJLB's Interest Coverage is not ranked ^*
in the Hardware industry.
Industry Median: 12.685
* 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.

Ultrack Systems Interest Coverage Historical Data

The historical data trend for Ultrack Systems'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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Ultrack Systems Interest Coverage Chart

Ultrack Systems Annual Data

Trend

Interest Coverage

Ultrack Systems Quarterly Data

Interest Coverage

Competitive Comparison of Ultrack Systems's Interest Coverage

For the Scientific & Technical Instruments subindustry, Ultrack Systems'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.

Ultrack Systems's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ultrack Systems's Interest Coverage distribution charts can be found below:

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

Ultrack Systems 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.

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

Here, for the fiscal year that ended in . 20, Ultrack Systems'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.

Ultrack Systems had no debt ⁽¹⁾.

Ultrack Systems's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the three months ended in . 20, Ultrack Systems'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.

Ultrack Systems had no debt ⁽¹⁾.

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

Ultrack Systems (OTCPK:MJLB) 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 .

Ultrack Systems Interest Coverage Related Terms

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

Ultrack Systems (Ultrack Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ultrack Systems Inc (OTCPK:MJLB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Buttermill Avenue, Concord, ON, CAN, L4K 3X1

Website

https://www.ultrack.ca

Ultrack Systems Inc helps its clients locate, track, and manage their assets using wireless and GPS-based technologies. It provides an accurate and affordable means of tracking moving assets. Its compact trackers and easy-to-use tracking software allow the monitor or track any asset virtually anywhere in the world. This kind of application results in improved security, productivity, and customer service. Each vehicle outfitted with a unit can be seen from a virtual map platform and managing a fleet of vehicles becomes easy, efficient, and effortless. This tool is useful in determining the quality of the driver behind the wheel and who is an asset or a liability to the company.

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