Austriacard Holdings AG (ATH:ACAG) Interest Coverage : 3.72 (As of Dec. 2023)

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What is Austriacard Holdings AG 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. Austriacard Holdings AG's Operating Income for the six months ended in Dec. 2023 was €13.2 Mil. Austriacard Holdings AG's Interest Expense for the six months ended in Dec. 2023 was €-3.5 Mil. Austriacard Holdings AG's interest coverage for the quarter that ended in Dec. 2023 was 3.72. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Austriacard Holdings AG's Interest Coverage or its related term are showing as below:

ATH:ACAG' s Interest Coverage Range Over the Past 10 Years
Min: 2.26 Med: 3.74 Max: 4.92
Current: 4.79

ATH:ACAG's Interest Coverage is ranked worse than
78.54% of 1603 companies
in the Software industry
Industry Median: 28.92 vs ATH:ACAG: 4.79

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Austriacard Holdings AG Interest Coverage Historical Data

The historical data trend for Austriacard Holdings AG'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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Austriacard Holdings AG Interest Coverage Chart

Austriacard Holdings AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

2.39

3.74

2.26

4.92

4.79

Austriacard Holdings AG Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			3.68	6.79	3.41	6.25	3.72

Competitive Comparison of Austriacard Holdings AG's Interest Coverage

For the Information Technology Services subindustry, Austriacard Holdings AG'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.

Austriacard Holdings AG's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Austriacard Holdings AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Austriacard Holdings AG's Interest Coverage falls into.

Austriacard Holdings AG 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.

Austriacard Holdings AG'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, Austriacard Holdings AG's Interest Expense was €-6.1 Mil. Its Operating Income was €29.4 Mil. And its Long-Term Debt & Capital Lease Obligation was €102.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	29.409	/	-6.138
	=	4.79

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

Here, for the six months ended in Dec. 2023, Austriacard Holdings AG's Interest Expense was €-3.5 Mil. Its Operating Income was €13.2 Mil. And its Long-Term Debt & Capital Lease Obligation was €102.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	13.159	/	-3.539
	=	3.72

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

Austriacard Holdings AG (ATH:ACAG) 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 .

Austriacard Holdings AG Interest Coverage Related Terms

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

Austriacard Holdings AG (ATH:ACAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Austriacard Holdings AG (ATH:ACAG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ACQ0:Germany ACAG:Austria

Address

Lamezanstrasse 4-8, Vienna, AUT, 1232

Website

https://www.austriacard.com

Austriacard Holdings AG is a B2B (business-to-business) provider of secure data solutions mainly in Europe, with market share in many European countries. It engages in the business areas of Digital Security and Information Management. The Digital Security division provides end-to-end secure data solutions and offers personalization services and products for the sensitive areas of financial institutions, government, the public sector, transportation as well as industry & retail. The information management division provides products and services for secure document and information management, as well as specialized solutions for the digital transformation of businesses and organizations under the brand INFORM.

Executives

Nikolaos Lykos

Chairman of the Management Board

Austriacard Holdings AG (ATH:ACAG) Headlines

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