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Ontrak (Ontrak) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Ontrak 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. Ontrak's Operating Income for the three months ended in Dec. 2023 was $-5.21 Mil. Ontrak's Interest Expense for the three months ended in Dec. 2023 was $-1.19 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 Ontrak's Interest Coverage or its related term are showing as below:


OTRK's Interest Coverage is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 8.935
* 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.


Ontrak Interest Coverage Historical Data

The historical data trend for Ontrak'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.

Ontrak Interest Coverage Chart

Ontrak Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Ontrak Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Ontrak's Interest Coverage

For the Health Information Services subindustry, Ontrak'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.


Ontrak's Interest Coverage Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Ontrak's Interest Coverage falls into.



Ontrak 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.

Ontrak'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, Ontrak's Interest Expense was $-7.20 Mil. Its Operating Income was $-20.68 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.63 Mil.

Ontrak did not have earnings to cover the interest expense.

Ontrak's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Ontrak's Interest Expense was $-1.19 Mil. Its Operating Income was $-5.21 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.63 Mil.

Ontrak 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.


Ontrak  (NAS:OTRK) 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 .


Ontrak Interest Coverage Related Terms

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


Ontrak (Ontrak) Business Description

Traded in Other Exchanges
Address
2200 Paseo Verde Parkway, Suite 280, Henderson, NV, USA, 89052
Ontrak Inc is an AI and telehealth-enabled, virtualized outpatient healthcare treatment company. The company's integrated, technology-enabled OntrakTM solutions, a component of the PRE platform, are designed to treat members with behavioral conditions that cause chronic medical conditions such as diabetes, hypertension, coronary artery disease, COPD, and congestive heart failure. The company's technology-enabled platform provides claim-based analytics and predictive modeling to provide analytic insights throughout the delivery of our personalized treatment program.
Executives
Judith Feld officer: Chief Medical Officer 2200 PASEO VERDE PARKWAY, SUITE 280, HENDERSON NV 89052
James M. Messina director 2200 PASEO VERDE PARKWAY, SUITE 280, HENDERSON NV 89052
Arik Hill officer: Chief Information Officer 2120 COLORADO AVE., SUITE 230, SANTA MONICA CA 90404
Robert Accordino officer: Chief Medical Officer 2120 COLORADO AVE., SUITE 230, SANTA MONICA CA 90404
Mary Louise Osborne officer: Chief Customer Officer 2200 PASEO VERDE PARKWAY, SUITE 280, HENDERSON NV 89052
James J Park officer: Chief Accounting Officer 2120 COLORADO AVE., SUITE 230, SANTA MONICA CA 90404
Jonathan E. Mayhew officer: Chief Executive Officer ONE CVS DRIVE, WOONSOCKET RI 02895
Terren S Peizer director, 10 percent owner, officer: CEO 11111 SANTA MONICABLVD STE.500, LOS ANGELES CA 90025
Robert I Newton officer: General Counsel and Secretary 1940 E. MARIPOSA AVE, ATTN: BRANDON LAVERNE, EL SEGUNDO CA 90245
Katherine B Quinn director US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Robert Rebak director 2120 COLORADO BLVD., SUITE 230, SANTA MONICA CA 90404
Curtis Medeiros officer: Chief Operating Officer 2120 COLORADO AVE., SUITE 230, SANTA MONICA CA 90404
Brandon H Laverne officer: Chief Financial Officer 1940 E. MARIPOSA AVE., ATTN: BRANDON LAVERNE, EL SEGUNDO CA 90245
David E Smith 10 percent owner 888 LINDA FLORA DRIVE, LOS ANGELES CA 90049
Gustavo A Giraldo director 2120 COLORADO AVENUE, SUITE 230, SANTA MONICA CA 90404