GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AVVAA World Health Care Products Inc (OTCPK:AVVH) » Definitions » Interest Coverage

AVVAA World Health Care Products (AVVAA World Health Care Products) Interest Coverage : No Debt (1) (As of May. 2007)


View and export this data going back to . Start your Free Trial

What is AVVAA World Health Care Products 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. AVVAA World Health Care Products's Operating Income for the six months ended in May. 2007 was $-3.17 Mil. AVVAA World Health Care Products's Interest Expense for the six months ended in May. 2007 was $0.00 Mil. AVVAA World Health Care Products has no debt. The higher the ratio, the stronger the company's financial strength is.

(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 AVVAA World Health Care Products's Interest Coverage or its related term are showing as below:


AVVH's Interest Coverage is not ranked *
in the Diversified Financial Services industry.
Industry Median: No Debt
* 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.


AVVAA World Health Care Products Interest Coverage Historical Data

The historical data trend for AVVAA World Health Care Products'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.

AVVAA World Health Care Products Interest Coverage Chart

AVVAA World Health Care Products Annual Data
Trend May00 May01 May02 May03 May04 May05 May06 May07
Interest Coverage
Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

AVVAA World Health Care Products Semi-Annual Data
May00 May01 May02 May03 May04 May05 May06 May07
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of AVVAA World Health Care Products's Interest Coverage

For the Shell Companies subindustry, AVVAA World Health Care Products'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.


AVVAA World Health Care Products's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, AVVAA World Health Care Products's Interest Coverage distribution charts can be found below:

* The bar in red indicates where AVVAA World Health Care Products's Interest Coverage falls into.



AVVAA World Health Care Products 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.

AVVAA World Health Care Products's Interest Coverage for the fiscal year that ended in May. 2007 is calculated as

Here, for the fiscal year that ended in May. 2007, AVVAA World Health Care Products's Interest Expense was $0.00 Mil. Its Operating Income was $-3.17 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

AVVAA World Health Care Products had no debt (1).

AVVAA World Health Care Products's Interest Coverage for the quarter that ended in May. 2007 is calculated as

Here, for the six months ended in May. 2007, AVVAA World Health Care Products's Interest Expense was $0.00 Mil. Its Operating Income was $-3.17 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

AVVAA World Health Care Products 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.


AVVAA World Health Care Products  (OTCPK:AVVH) 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 .


AVVAA World Health Care Products Interest Coverage Related Terms

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


AVVAA World Health Care Products (AVVAA World Health Care Products) Business Description

Traded in Other Exchanges
N/A
Address
1001 West Loop South, Suite 803, Houston, TX, USA, 77027
AVVAA World Health Care Products Inc operates through its wholly-owned subsidiary, GoldQuest Capital, Inc. The company is a real estate lending company that specializes in the syndication of first lien, and asset-backed real estate mortgages in the residential, commercial, and industrial sectors.
Executives
Mark E Alden director, officer: V.P. Research and Development PO BOX 204, BRYN ATHYN PA 19009
James W Haney officer: V. P. MFG/Dist. Consultant 21 ERINDALE DR, MARLTON NJ 08053
Barbara Smith officer: Executive VP Sales & Marketing PO BOX 370, FALKLAND BC A1 V0E 1W0
John Stewart Farley director, 10 percent owner, officer: President and CEO PO BOX 335, 3018 SCHAEFFER ROAD, FAULKLAND A1 V0E 1W0
Farley Lorie Dale Campbell 10 percent owner, officer: V.P. Animal Care Products PO BOX 335, 3018 SCHAEFFER ROAD, FAULKLAND A1 V0E 1W0
Ronald James Reynolds officer: V.P. Manufacturing Dist./Can 9015 RUSSET DRIVE, COLDSTREAM A1 V1B 2B7
Charles Tait Austin director, officer: CFO and Secretary 13503 SUMNE LANE, VERNON, BRITISH COLUMBIA, A1 00000

AVVAA World Health Care Products (AVVAA World Health Care Products) Headlines

No Headlines