Sonim Technologies (Sonim Technologies) Interest Coverage : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Sonim Technologies 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. Sonim Technologies's Operating Income for the three months ended in Mar. 2024 was $-2.69 Mil. Sonim Technologies's Interest Expense for the three months ended in Mar. 2024 was $0.00 Mil. Sonim Technologies has no debt. 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 Sonim Technologies's Interest Coverage or its related term are showing as below:

SONM's Interest Coverage is not ranked ^*
in the Hardware industry.
Industry Median: 12.735
* 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.

Sonim Technologies Interest Coverage Historical Data

The historical data trend for Sonim Technologies'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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Sonim Technologies Interest Coverage Chart

Sonim Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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N/A

34.20

Sonim Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															No Debt	149.40	114.67	-	No Debt

Competitive Comparison of Sonim Technologies's Interest Coverage

For the Communication Equipment subindustry, Sonim Technologies'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.

Sonim Technologies's Interest Coverage Distribution in the Hardware Industry

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

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

Sonim Technologies 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.

Sonim Technologies'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, Sonim Technologies's Interest Expense was $-0.02 Mil. Its Operating Income was $0.51 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	0.513	/	-0.015
	=	34.20

Sonim Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Sonim Technologies's Interest Expense was $0.00 Mil. Its Operating Income was $-2.69 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Sonim Technologies had no debt ⁽¹⁾.

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

Sonim Technologies (NAS:SONM) 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 .

Sonim Technologies Interest Coverage Related Terms

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

Sonim Technologies (Sonim Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sonim Technologies Inc (NAS:SONM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

2W9A:Germany

Address

4445 Eastgate Mall, Suite 200, San Diego, CA, USA, 92121

Website

https://www.sonimtech.com

Sonim Technologies Inc is a provider of ultra-rugged mobile devices, including phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The company sells mobile phones, accessories, and solutions to AT&T, T-Mobile, and Verizon in the United States, and to Bell, Rogers, and Telus Mobility in Canada. These products include rugged mobile phones that can attach to both public and private wireless networks, industrial-grade accessories that meet the requirements of specific applications and software applications, and cloud-based tools that provide management and deployment services to customers. The company generates revenue from discounts, price protection, and customer incentives.

Executives

Clayton Crolius	officer: Chief Financial Officer	15212 E MELANIE DR., SCOTTSDALE AZ 85262
Alan B Howe	director	1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Jeffrey Wang	director	20051 NORTHWOOD DRIVE, CUPERTINO CA 95014
Ajp Holding Company, Llc	10 percent owner	2140 S. DUPONT HIGHWAY, CAMDEN DE 19934
Robert L. Tirva	officer: President, CFO and COO	C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759
Jose Carlos Principe	director	5094 NW 58TH ST, GAINESVILLE FL 32653
Jack Steenstra	director	9208 FOSTORIA CT., SAN DIEGO CA 92127
Hao Peter Liu	officer: Chief Executive Officer	6836 BEE CAVE ROAD, BUILDING 1, SUITE 2, AUSTIN TX 78746
James S Cassano	director	1200 RIVER ROAD, SUITE 1302, CONSHOHOCKEN PA 19428
Susan Swenson	director	C/O PALM INC, 5470 GREAT AMERICAN PARKWAY MS12116, SANTA CLARA CA 95052
John Kneuer	director	300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Stanley Morgan	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Brc Partners Opportunity Fund, Lp	10 percent owner	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
Michael C Mulica	director
Kenneth Dale Naumann	director	6836 BEE CAVE ROAD, BUILDING 1, SUITE 279, AUSTIN TX 78746