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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. BG Medicine's Operating Income for the three months ended in Dec. 2015 was $-0.90 Mil. BG Medicine's Interest Expense for the three months ended in Dec. 2015 was $0.00 Mil. BG Medicine 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 BG Medicine's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for BG Medicine'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.
BG Medicine Annual Data | |||||||||||||||||||||
Trend | Dec05 | Dec06 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
BG Medicine Quarterly Data | ||||||||||||||||||||
Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | No Debt |
For the Medical Instruments & Supplies subindustry, BG Medicine'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.
For the Medical Devices & Instruments industry and Healthcare sector, BG Medicine's Interest Coverage distribution charts can be found below:
* The bar in red indicates where BG Medicine's Interest Coverage falls into.
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.
BG Medicine'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, BG Medicine's Interest Expense was $-0.16 Mil. Its Operating Income was $-4.63 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
BG Medicine did not have earnings to cover the interest expense. |
BG Medicine's Interest Coverage for the quarter that ended in Dec. 2015 is calculated as
Here, for the three months ended in Dec. 2015, BG Medicine's Interest Expense was $0.00 Mil. Its Operating Income was $-0.90 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
BG Medicine 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.
BG Medicine (OTCPK:BGMD) 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 .
Thank you for viewing the detailed overview of BG Medicine's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey R Luber | director | 100 CAMPUS DRIVE, C/O EXACT SCIENCES CORP, MARLBOROUGH MA 01752 |
Noubar Afeyan | director, 10 percent owner | C/O FLAGSHIP PIONEERING, INC., 55 CAMBRIDGE PARKWAY, SUITE 800E, CAMBRIDGE MA 02142 |
Stelios Papadopoulos | director | 3 SOMERSET DRIVE SOUTH, GREAT NECK NY 11020 |
Harry W Wilcox | director | ONE KENDALL SQ, BLDG 700, CAMBRIDGE MA 02139 |
Agtc Partners, L.p. | 10 percent owner | C/O FLAGSHIP VENTURES ONE MEMORIAL DRIVE, 7TH FLOOR CAMBRIDGE MA 02142 |
Newcogen Group, Inc. | 10 percent owner | C/O FLAGSHIP VENTURES ONE MEMORIAL DRIVE, 7TH FLOOR CAMBRIDGE MA 02142 |
Applied Genomic Technology Capital Fund Lp | 10 percent owner | C/O FLAGSHIP VENTURES ONE MEMORIAL DRIVE, 7TH FLOOR CAMBRIDGE MA 02142 |
Flagship Pioneering Inc. | 10 percent owner | 55 CAMBRIDGE PARKWAY, SUITE 800E, CAMBRIDGE MA 02142 |
Agtc Advisors Fund Lp | 10 percent owner | ONE MEMORIAL DRIVE 7TH FLOOR CAMBRIDGE MA 02142 |
Kania Edwin M Jr | 10 percent owner | |
Flagship Ventures Fund 2007, L.p. | 10 percent owner | 55 CAMBRIDGE PARKWAY, 8TH FLOOR, CAMBRIDGE MA 02142 |
Flagship Ventures 2007 General Partner Llc | 10 percent owner | 55 CAMBRIDGE PARKWAY, SUITE 800E, CAMBRIDGE MA 02142 |
Brian S Posner | director | 14 CAMBRIDGE CENTER, CAMBRIDGE MA 02142 |
Stephane Bancel | director | 320 BENT STREET, CAMBRIDGE MA 02141 |
Harris Timothy J.r. | director | C/O BG MEDICINE, 610 LINCOLN STREET NORTH, WALTHAM MA 02451 |
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