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Nocera (Nocera) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Nocera 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. Nocera's Operating Income for the three months ended in Dec. 2023 was $-0.44 Mil. Nocera's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Nocera has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nocera Inc has enough cash to cover all of its debt. Its financial situation is stable.

(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 Nocera's Interest Coverage or its related term are showing as below:


NCRA's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.47
* 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.


Nocera Interest Coverage Historical Data

The historical data trend for Nocera'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.

Nocera Interest Coverage Chart

Nocera Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt N/A No Debt

Nocera Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 N/A N/A N/A N/A No Debt

Competitive Comparison of Nocera's Interest Coverage

For the Packaged Foods subindustry, Nocera'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.


Nocera's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nocera's Interest Coverage distribution charts can be found below:

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



Nocera 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.

Nocera'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, Nocera's Interest Expense was $0.00 Mil. Its Operating Income was $-2.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Nocera had no debt (1).

Nocera's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Nocera's Interest Expense was $0.00 Mil. Its Operating Income was $-0.44 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Nocera had no debt (1).

* 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.


Nocera  (NAS:NCRA) 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 .


Nocera Interest Coverage Related Terms

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


Nocera (Nocera) Business Description

Traded in Other Exchanges
N/A
Address
3F (Building B), No. 185, Sec. 1, Datong Road, Xizhi District, New Taipei City, TWN, 221
Nocera Inc is engaged in the manufacturing of aquaculture equipment, construction of aquaculture facilities, managing and operating aquaculture facilities and consulting for third-party operators of aquaculture facilities. Its primary business operations consist of the design, development and production of RASs large-scale fish tank systems, for fish farms along with expert consulting, technology transfer, and aquaculture project management services to new and existing aquaculture management business services.
Executives
Andy Ching-an Jin director, officer: Chief Executive Officer 3F (BUILDING B), NO. 185, SEC. 1, DATONG RD., XIZHI DIST., NEW TAIPEI CITY F5 221
Yin-chieh Cheng director, officer: CFO and Chairman 15F #464 JIAYUAN RD., SEC. 3 SHULIN DIST., NEW TAIPEI CITY F5 23854
Kuan-yin Cheng officer: President and CEO 12772 BRADWELL ROAD, HERNDON VA 20101
Bi Zhang 10 percent owner BUILDING #5 FENG DU BAN PANG QU SHAN AN, ZHI,, XINGYI CITY, GUIZHOU QIANXINAN F4 562400
Erik S Nelson director, officer: Corporate Secretary 2030 POWERS FERRY RD SE, SUITE 212, ATLANTA GA 30339