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Omni Health (Omni Health) Interest Coverage : N/A (As of Jan. 2017)


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What is Omni Health 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. Omni Health's Operating Income for the three months ended in Jan. 2017 was $-0.05 Mil. Omni Health's Interest Expense for the three months ended in Jan. 2017 was $0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. 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 Omni Health's Interest Coverage or its related term are showing as below:


OMHE's Interest Coverage is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 8.97
* 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.


Omni Health Interest Coverage Historical Data

The historical data trend for Omni Health'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.

Omni Health Interest Coverage Chart

Omni Health Annual Data
Trend Apr14 Apr15 Apr16
Interest Coverage
No Debt No Debt No Debt

Omni Health Quarterly Data
Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt N/A No Debt N/A

Competitive Comparison of Omni Health's Interest Coverage

For the Pharmaceutical Retailers subindustry, Omni Health'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.


Omni Health's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Omni Health's Interest Coverage distribution charts can be found below:

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



Omni Health 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.

Omni Health's Interest Coverage for the fiscal year that ended in Apr. 2016 is calculated as

Here, for the fiscal year that ended in Apr. 2016, Omni Health's Interest Expense was $0.00 Mil. Its Operating Income was $-0.53 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Omni Health had no debt (1).

Omni Health's Interest Coverage for the quarter that ended in Jan. 2017 is calculated as

Here, for the three months ended in Jan. 2017, Omni Health's Interest Expense was $0.00 Mil. Its Operating Income was $-0.05 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.02 Mil.

GuruFocus does not calculate Omni Health's interest coverage with the available data.

* 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.


Omni Health  (OTCPK:OMHE) 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 .


Omni Health Interest Coverage Related Terms

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Omni Health (Omni Health) Business Description

Traded in Other Exchanges
N/A
Address
5966 West 16th Avenue, Miami Beach, FL, USA, 33012
Omni Health Inc operates a pharmacy in Miami Beach, Florida. The company operates through its subsidiary as a vertically integrated company focused on healthcare and operating in the lucrative pharmaceutical, medical and wellness industries.

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