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RaySearch Laboratories AB (OSTO:RAY B) Interest Coverage : 295.28 (As of Mar. 2024)


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What is RaySearch Laboratories AB 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. RaySearch Laboratories AB's Operating Income for the three months ended in Mar. 2024 was kr46 Mil. RaySearch Laboratories AB's Interest Expense for the three months ended in Mar. 2024 was kr-0 Mil. RaySearch Laboratories AB's interest coverage for the quarter that ended in Mar. 2024 was 295.28. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for RaySearch Laboratories AB's Interest Coverage or its related term are showing as below:

OSTO:RAY B' s Interest Coverage Range Over the Past 10 Years
Min: 2.64   Med: 30.5   Max: 124.76
Current: 49.78


OSTO:RAY B's Interest Coverage is ranked better than
75.62% of 406 companies
in the Healthcare Providers & Services industry
Industry Median: 8.91 vs OSTO:RAY B: 49.78

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


RaySearch Laboratories AB Interest Coverage Historical Data

The historical data trend for RaySearch Laboratories AB'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.

* Premium members only.

RaySearch Laboratories AB Interest Coverage Chart

RaySearch Laboratories AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.27 4.51 - 2.64 12.64

RaySearch Laboratories AB 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.59 12.60 37.75 95.52 295.28

Competitive Comparison of RaySearch Laboratories AB's Interest Coverage

For the Health Information Services subindustry, RaySearch Laboratories AB'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.


RaySearch Laboratories AB's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, RaySearch Laboratories AB's Interest Coverage distribution charts can be found below:

* The bar in red indicates where RaySearch Laboratories AB's Interest Coverage falls into.



RaySearch Laboratories AB 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.

RaySearch Laboratories AB'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, RaySearch Laboratories AB's Interest Expense was kr-10 Mil. Its Operating Income was kr122 Mil. And its Long-Term Debt & Capital Lease Obligation was kr432 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*122.479/-9.687
=12.64

RaySearch Laboratories AB's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, RaySearch Laboratories AB's Interest Expense was kr-0 Mil. Its Operating Income was kr46 Mil. And its Long-Term Debt & Capital Lease Obligation was kr430 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*45.768/-0.155
=295.28

* 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.


RaySearch Laboratories AB  (OSTO:RAY B) 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 .


RaySearch Laboratories AB Interest Coverage Related Terms

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


RaySearch Laboratories AB (OSTO:RAY B) Business Description

Traded in Other Exchanges
Address
Sveavagen 44, P.O. Box 3297, Stockholm, SWE, 103 65
RaySearch Laboratories AB is a Sweden-based medical technology company. The company develops advanced software solutions for improved cancer treatment. The company develops and markets the RayStation* treatment planning system and RayCare* oncology information system to clinics all over the world and distributes products through licensing agreements with medical technology companies. Its geographic segments consist of Sweden, North America, Asia, Europe and the rest of the world. The company generates majority of its sales from the North America.

RaySearch Laboratories AB (OSTO:RAY B) Headlines

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