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Track Data (Track Data) Interest Coverage : 80.30 (As of Sep. 2009)


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What is Track Data 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. Track Data's Operating Income for the three months ended in Sep. 2009 was $0.80 Mil. Track Data's Interest Expense for the three months ended in Sep. 2009 was $-0.01 Mil. Track Data's interest coverage for the quarter that ended in Sep. 2009 was 80.30. The higher the ratio, the stronger the company's financial strength is.

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


TRAC's Interest Coverage is not ranked *
in the Capital Markets industry.
Industry Median: 19.79
* 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.


Track Data Interest Coverage Historical Data

The historical data trend for Track Data'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.

Track Data Interest Coverage Chart

Track Data Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt 7.52

Track Data Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt - 395.00 80.30

Competitive Comparison of Track Data's Interest Coverage

For the Capital Markets subindustry, Track Data'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.


Track Data's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Track Data's Interest Coverage distribution charts can be found below:

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



Track Data 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.

Track Data's Interest Coverage for the fiscal year that ended in Dec. 2008 is calculated as

Here, for the fiscal year that ended in Dec. 2008, Track Data's Interest Expense was $-0.21 Mil. Its Operating Income was $1.55 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2008 )/Interest Expense (A: Dec. 2008 )
=-1*1.55/-0.206
=7.52

Track Data's Interest Coverage for the quarter that ended in Sep. 2009 is calculated as

Here, for the three months ended in Sep. 2009, Track Data's Interest Expense was $-0.01 Mil. Its Operating Income was $0.80 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2009 )/Interest Expense (Q: Sep. 2009 )
=-1*0.803/-0.01
=80.30

* 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.


Track Data  (OTCPK:TRAC) 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 .


Track Data Interest Coverage Related Terms

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


Track Data (Track Data) Business Description

Traded in Other Exchanges
N/A
Address
95 Rockwell Place, Brooklyn, NY, USA, 11217
Track Data Corp is a financial services company. It provides real-time financial market data, fundamental research, charting and analytical services to institutional and individual investors through telecommunication lines and the Internet.
Executives
E Bruce Fredrikson director 95 ROCKWELL PLACE, NEW YORK NY 11217
Abraham Biderman director C/O LIPPER & CO, 101 PARK AVE 6TH FLOOR, NEW YORK NY 10179
Charles Zabatta director C/O GUSRAE KAPLAN NUSBAUM PLLC, 120 WALL STREET, NEW YORK NY 10005
Stanley Stern director, officer: Senior Vice President C/O THCG, INC, 650 MADISON AVENUE, 21ST FL, NEW YORK NY 10022

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