RegTech Open Project (LSE:RTOP) Interest Coverage : 0 (At Loss) (As of Dec. 2022)

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What is RegTech Open Project 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. RegTech Open Project's Operating Income for the six months ended in Dec. 2022 was £-1.95 Mil. RegTech Open Project's Interest Expense for the six months ended in Dec. 2022 was £-0.04 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 RegTech Open Project's Interest Coverage or its related term are showing as below:

LSE:RTOP's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 29.34
* 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.

RegTech Open Project Interest Coverage Historical Data

The historical data trend for RegTech Open Project'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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RegTech Open Project Interest Coverage Chart

RegTech Open Project Annual Data

Trend

Dec20

Dec21

Interest Coverage

RegTech Open Project Semi-Annual Data
	Dec20	Dec21	Dec22
Interest Coverage	-	-	-

Competitive Comparison of RegTech Open Project's Interest Coverage

For the Software - Application subindustry, RegTech Open Project'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.

RegTech Open Project's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, RegTech Open Project's Interest Coverage distribution charts can be found below:

* The bar in red indicates where RegTech Open Project's Interest Coverage falls into.

RegTech Open Project 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.

RegTech Open Project's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, RegTech Open Project's Interest Expense was £-0.01 Mil. Its Operating Income was £-0.92 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

RegTech Open Project did not have earnings to cover the interest expense.

RegTech Open Project's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, RegTech Open Project's Interest Expense was £-0.04 Mil. Its Operating Income was £-1.95 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.01 Mil.

RegTech Open Project did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

RegTech Open Project (LSE:RTOP) 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 .

RegTech Open Project Interest Coverage Related Terms

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

RegTech Open Project (LSE:RTOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RegTech Open Project plc (LSE:RTOP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

RM1:Germany

Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.regtechopenproject.co.uk

RegTech Open Project plc is a technology business specialized in regtech that has developed the Orbit Open Platform, an award-winning proprietary software platform focused on OR, which helps its customers navigate an increasingly complex regulatory landscape, maintain a secure and stable operating environment, whilst improving compliance with applicable regulations and standards and reducing the risk of business disruptions. The Orbit Open Platform is a cloud-based SaaS solution that offers a suite of modules and features enabling businesses to achieve OR more efficiently and effectively. By leveraging the cloud, the Orbit Open Platform is able to offer flexibility, scalability, and easy access for businesses of all sizes, sectors and geographies.

RegTech Open Project (LSE:RTOP) Headlines

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