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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. COMSovereign Holding's Operating Income for the three months ended in Sep. 2023 was $-1.01 Mil. COMSovereign Holding's Interest Expense for the three months ended in Sep. 2023 was $-0.42 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 COMSovereign Holding'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 COMSovereign Holding'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.
COMSovereign Holding Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
COMSovereign Holding Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | 2.68 | - |
For the Telecom Services subindustry, COMSovereign Holding'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 Telecommunication Services industry and Communication Services sector, COMSovereign Holding's Interest Coverage distribution charts can be found below:
* The bar in red indicates where COMSovereign Holding'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.
COMSovereign Holding's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as
Here, for the fiscal year that ended in Dec. 2022, COMSovereign Holding's Interest Expense was $-3.98 Mil. Its Operating Income was $-19.91 Mil. And its Long-Term Debt & Capital Lease Obligation was $11.71 Mil.
COMSovereign Holding did not have earnings to cover the interest expense. |
COMSovereign Holding's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as
Here, for the three months ended in Sep. 2023, COMSovereign Holding's Interest Expense was $-0.42 Mil. Its Operating Income was $-1.01 Mil. And its Long-Term Debt & Capital Lease Obligation was $9.64 Mil.
COMSovereign Holding 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.
COMSovereign Holding (OTCPK:COMS) 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 COMSovereign Holding's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Billy Joe White | director | 191 OTTO ST., PORT TOWNSEND WA 98368 |
David Arthur Knight | officer: Interim CEO | 4461 E 79TH STREET, INDIANAPOLIS IN 46250 |
Brent M Davies | director | 5965 SOUTH 900 EAST SUITE 350, MURRAY UT 84121 |
Frances M. Jandjel | officer: CFO & Executive Vice President | 5000 QUORUM DRIVE SUITE 400, DALLAS TX 75254 |
Dustin H. Mcintire | officer: Chief Technology Officer | 5300 VIA ANDREA, NEWBURY CA 91320 |
Brian M Kelly | officer: Exec VP for Business Dev | 2445 FIFTH AVENUE, SUITE 450, SAN DIEGO CA 92101 |
Wade Martin R Iii | officer: Chief Financial Officer | 100 ROWLAND WAY, SUITE 300, NOVATO CA 94945 |
Harold Marion Patterson | officer: Chief Operating Officer | 5000 QUORUM DRIVE, SUITE 400, DALLAS TX 75254 |
Kaumudi Kay Kapoor | director | 9814 POTOMAC MANORS DRIVE, POTOMAC MD 20854 |
Kevin Sherlock | officer: General Counsel and Secretary | 4605 N PASEO AQUIMURI, TUCSON AZ 85750 |
Mohan Rao Tammisetti | officer: SVP Engineering | 25643 SOUTH VILLAGE DRIVE, SOUTH RIDING VA 20152 |
David Aguilar | director | 12213 CHAPEL ROAD, CLIFTON VA 20124 |
Daniel L. Hodges | director, 10 percent owner, officer: Chief Executive Officer | 6600 NORTH EAGLE RIDGE DRIVE, TUSCON AZ 85750 |
Brian T. Mihelich | officer: Chief Financial Officer | 3028 AVONDALE, THE COLONY TX 75056 |
James A. Marks | director | 7 WIRT STREET NW, LEESBURG VA 20176 |
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