Track Group (Track Group) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Track Group 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 Group's Operating Income for the three months ended in Mar. 2024 was $-0.96 Mil. Track Group's Interest Expense for the three months ended in Mar. 2024 was $-0.43 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

TRCK's Interest Coverage is not ranked ^*
in the Hardware industry.
Industry Median: 12.65
* 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 Group Interest Coverage Historical Data

The historical data trend for Track Group'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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Track Group Interest Coverage Chart

Track Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

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0.48

1.10

2.15

Track Group 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															-	-	-	-	-

Competitive Comparison of Track Group's Interest Coverage

For the Scientific & Technical Instruments subindustry, Track Group'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 Group's Interest Coverage Distribution in the Hardware Industry

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

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

Track Group 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 Group's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Track Group's Interest Expense was $-1.96 Mil. Its Operating Income was $-1.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $43.06 Mil.

Track Group did not have earnings to cover the interest expense.

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

Here, for the three months ended in Mar. 2024, Track Group's Interest Expense was $-0.43 Mil. Its Operating Income was $-0.96 Mil. And its Long-Term Debt & Capital Lease Obligation was $43.00 Mil.

Track Group did not have earnings to cover the interest expense.

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

Track Group (OTCPK:TRCK) 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 Group Interest Coverage Related Terms

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

Track Group (Track Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Track Group Inc (OTCPK:TRCK) » Definitions » Interest Coverage

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Traded in Other Exchanges

G7F2:Germany

Address

200 E. 5th Avenue, Suite 100, Naperville, IL, USA, 60563

Website

https://www.trackgrp.com

Track Group Inc designs, manufactures, and markets location-tracking devices and develops and sells a variety of related software, services, accessories, networking solutions, and monitoring applications. Its products and services include ReliAlert XC4, TrackerPAL, TrackerPAL Mobile, a portfolio of software applications including predictive analytics, a device-agnostic operating system, and a variety of accessories, services, and support offerings. The company sells products across the world through its direct sales team and resellers. It sells to government customers on federal, state, and local levels in the United States and to members of the Ministry of Justice internationally. Geographically, it derives a majority of its revenue from the United States.

Executives

Conrent Invest S.a.	10 percent owner	19 RUE DE BITBOURG, LUXEMBOURG N4 L-1273
Matthew J. Swando	officer: CHIEF REVENUE OFFICER	C/O TRACK GROUP, INC., 200 E 5TH AVE, SUITE 100, NAPERVILLE IL 60563
Karim Sehnaoui	director	57 ROUTE DE CHENE, GENEVA V8 1208
Derek Cassell	officer: Chief Executive Officer	200 E. 5TH AVE., SUITE 100, NAPERVILLE IL 60563
Van Daele Dirk Karel	director	BERGSTRASSE 6, HORGEN V8 CH8810
Peter K Poli	officer: CHIEF FINANCIAL OFFICER	1215 W. LAKEVIEW COURT, ROMEOVILLE IL 60446
Ray O Johnson	director	C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Charles Eric Rosenblum	director	405 SOUTH MAIN STREET, SUITE 700, SALT LAKE CITY UT 84111
Karen M Macleod	director	C/O TRACK GROUP, INC., 200 E 5TH AVENUE STE 100, NAPERVILLE IL 60563
John R Merrill	officer: Chief Financial Officer	4222 HILLTOP DRIVE, PARK CITY UT 84098
Sapinda Asia Ltd	10 percent owner	8TH FLOOR, HANG SENG BANK BUILDING, 200 HENNESSEY ROAD, WANCHAI, HONG KONG K3 00000
Safety Invest S.a.	10 percent owner	19 RUE DE BITBOURG, LUXEMBOURG N4 L-1273
Winfried Kunz	director	AM GASTEIG 9, TRAUBING 2M 82327
Guy Dubois	director, 10 percent owner	C/O POLLEKE III, SEESTRASSE 227, KILCHBERG V8 CH8802
Lars Windhorst	10 percent owner	C/O SAPINDA ASIA LTD, RMS 803-4, 8TH FLR, HANG SENG WANCHAI BLDG, 200 HENNESY ROAD, WANCHAI K3 999077