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Axios Mobile Assets (Axios Mobile Assets) Interest Coverage : 0 (At Loss) (As of Sep. 2016)


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What is Axios Mobile Assets 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. Axios Mobile Assets's Operating Income for the three months ended in Sep. 2016 was $-2.72 Mil. Axios Mobile Assets's Interest Expense for the three months ended in Sep. 2016 was $-0.17 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 Axios Mobile Assets's Interest Coverage or its related term are showing as below:


AXBSF's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 12.55
* 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.


Axios Mobile Assets Interest Coverage Historical Data

The historical data trend for Axios Mobile Assets'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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Axios Mobile Assets Interest Coverage Chart

Axios Mobile Assets Annual Data
Trend Sep08 Sep09 Sep10 Dec11 Dec12 Dec13 Dec14 Dec15
Interest Coverage
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Axios Mobile Assets Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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Competitive Comparison of Axios Mobile Assets's Interest Coverage

For the Communication Equipment subindustry, Axios Mobile Assets'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.


Axios Mobile Assets's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Axios Mobile Assets's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Axios Mobile Assets's Interest Coverage falls into.



Axios Mobile Assets 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.

Axios Mobile Assets's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Axios Mobile Assets's Interest Expense was $-0.41 Mil. Its Operating Income was $-5.81 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.19 Mil.

Axios Mobile Assets did not have earnings to cover the interest expense.

Axios Mobile Assets's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Here, for the three months ended in Sep. 2016, Axios Mobile Assets's Interest Expense was $-0.17 Mil. Its Operating Income was $-2.72 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.47 Mil.

Axios Mobile Assets did not have earnings to cover the interest expense.

* 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.


Axios Mobile Assets  (OTCPK:AXBSF) 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 .


Axios Mobile Assets Interest Coverage Related Terms

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


Axios Mobile Assets (Axios Mobile Assets) Business Description

Traded in Other Exchanges
N/A
Address
30 Topflight Drive, Unit 7, Mississauga, ON, CAN, L5S 0A8
Axios Mobile Assets Corp is a Canada based logistics enabler featuring a next generation, bio-based pallet technology, which can be bundled with its proprietary cross-platform tracking and information system that helps improve the value chain in the logistics market. The company's bundled offering aims to provide lower total cost, lighter weight, sanitary pallets, and real-time data. Its segments are Pallet Rental which accounts for the majority revenues and Freight Services.

Axios Mobile Assets (Axios Mobile Assets) Headlines

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