Transportation And Logistics Systems (Transportation And Logistics Systems) Interest Coverage : 3.04 (As of Sep. 2023)

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What is Transportation And Logistics 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. Transportation And Logistics Systems's Operating Income for the three months ended in Sep. 2023 was $1.04 Mil. Transportation And Logistics Systems's Interest Expense for the three months ended in Sep. 2023 was $-0.34 Mil. Transportation And Logistics Systems's interest coverage for the quarter that ended in Sep. 2023 was 3.04. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Transportation And Logistics Systems's Interest Coverage or its related term are showing as below:

TLSS's Interest Coverage is not ranked ^*
in the Transportation industry.
Industry Median: 5.44
* 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.

Transportation And Logistics Systems Interest Coverage Historical Data

The historical data trend for Transportation And Logistics 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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Transportation And Logistics Systems Interest Coverage Chart

Transportation And Logistics Systems Annual Data

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Interest Coverage

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Transportation And Logistics Systems Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															14.67	-	-	-	3.04

Competitive Comparison of Transportation And Logistics Systems's Interest Coverage

For the Trucking subindustry, Transportation And Logistics 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.

Transportation And Logistics Systems's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Transportation And Logistics Systems's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Transportation And Logistics Systems's Interest Coverage falls into.

Transportation And Logistics 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.

Transportation And Logistics Systems's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Transportation And Logistics Systems's Interest Expense was $-0.13 Mil. Its Operating Income was $-5.75 Mil. And its Long-Term Debt & Capital Lease Obligation was $7.25 Mil.

Transportation And Logistics Systems did not have earnings to cover the interest expense.

Transportation And Logistics Systems's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Transportation And Logistics Systems's Interest Expense was $-0.34 Mil. Its Operating Income was $1.04 Mil. And its Long-Term Debt & Capital Lease Obligation was $9.23 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1.035	/	-0.341
	=	3.04

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

Transportation And Logistics Systems (OTCPK:TLSS) 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 .

Transportation And Logistics Systems Interest Coverage Related Terms

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Transportation And Logistics Systems (Transportation And Logistics Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Transportation And Logistics Systems Inc (OTCPK:TLSS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

5500 Military Trail, Suite 22-357, Jupiter, FL, USA, 33458

Website

https://www.tlss-inc.com

Transportation And Logistics Systems Inc is a United States based company focused on providing integrated transportation management solution. It provides brokerage and logistics services such as transportation scheduling, routing and other value-added services related to the transportation of automobiles and other freight, which involve the use of independent contractor-owned trucks and equipment. The company generates revenue from customers contracting to transport a vehicle from location to location. Tt operates in one operating segment related to its full suite of logistics and transportation services, specializing in last mile deliveries, two-person home and commercial deliveries, mid-mile, and long-haul services.

Executives

Sebastian Giordano	director, officer: Chief Executive Officer	ONE EAST UWCHLAN AVENUE, SUITE 301, EXTON PA 19341
Newton Norman Francis Jr.	director	9208 GRAND SUMMIT BOULEVARD, DRIPPING SPRINGS TX 78620
James Paul Giordano	officer: CFO	129 GLENWOOD ROAD, GLENWOOD LANDING NY 11547
Charles F Benton	director	600 EAGLEVIEW BOULEVARD, SUITE 300, EXTON PA 19341
Puritan Partners Llc	10 percent owner	369 LEXINGTON AVE. 25TH FLOOR, NEW YORK NY 10017
Reddiamond Partners Llc	10 percent owner	156 WEST SADDLE RIVER ROAD, SADDLE RIVER NJ 07458
Douglas Cerny	director, officer: Chief Development Officer	2123 SW 10TH AVENUE, FT. LAUDERDALE FL 33315
John Jr Mercadante	director, 10 percent owner, officer: Chief Executive Officer	2700 DONALD ROSS RD., SUITE 100, PALM BEACH GARDENS FL 33410
Steven Yariv	director, officer: Chief Executive Officer.	2833 EXCHANGE COURT, SUITE A, WEST PALM BEACH FL 33409
John Jay Barton	director, 10 percent owner, officer: CEO	2355 WESTWOOD BLVD., APT. 257, LOS ANGELES CA 90064
Kurt Reinecke	officer: Chief Operating Officer	13195 W. AUBURN PL, LAKEWOOD CO 80228
Patrick Garrett	director, officer: Chief Executive Officer	6133 SW CORBETT AVENUE, PORTLAND OR 97239
Frederic D Knight	director, officer: Chief Executive Officer	PO BOX 231599, CENTREVILLE VA 20120
Christopher Aaron Wilson	director, officer: Secretary	2 PARK PLAZA #450, IRVINE CA 92614