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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. The Joint's Operating Income for the three months ended in Mar. 2024 was $1.5 Mil. The Joint's Interest Expense for the three months ended in Mar. 2024 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for The Joint'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 The Joint'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.
The Joint Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | N/A | N/A | N/A | N/A | N/A |
The Joint Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | N/A | N/A | N/A | N/A | N/A |
For the Medical Care Facilities subindustry, The Joint'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 Healthcare Providers & Services industry and Healthcare sector, The Joint's Interest Coverage distribution charts can be found below:
* The bar in red indicates where The Joint'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.
The Joint'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, The Joint's Interest Expense was $0.0 Mil. Its Operating Income was $0.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $13.0 Mil.
GuruFocus does not calculate The Joint's interest coverage with the available data. |
The Joint's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, The Joint's Interest Expense was $0.0 Mil. Its Operating Income was $1.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $10.6 Mil.
GuruFocus does not calculate The Joint's interest coverage with the available data. |
* 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.
The Joint (NAS:JYNT) 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 The Joint's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Bandera Partners Llc | 10 percent owner | 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004 |
Peter D Holt | officer: Chief Operating Officer | 16767 N. PERIMETER DR., SUITE 240, SCOTTSDALE AZ 85260 |
Jake Singleton | officer: Chief Financial Officer | 16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260 |
Ronald V Davella | director | 2600 E SOUTHLAKE BLVD., STE 120-359, SOUTHLAKE TX 76092 |
Glenn J Krevlin | 10 percent owner | 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020 |
Matthew E Rubel | director | 3231 SE SIXTH AVENUE, TOPEKA KS 66607 |
Gregory Bylinsky | 10 percent owner | C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004 |
Jefferson Gramm | 10 percent owner | C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004 |
Amos James H. Jr | director | 16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260 |
John P Meloun | officer: Chief Financial Officer | 16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260 |
Abe Hong | director | 16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260 |
Glenhill Advisors Llc | 10 percent owner | 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020 |
Suzanne M Decker | director | 16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260 |
Bret Sanders | director | 16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260 |
David M Orwasher | officer: President and COO | 242 W 36TH ST, NEW YORK NY 10018 |
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