Toronto Cleantech Capital (TSXV:YAY.P) Interest Coverage : No Debt ⁽¹⁾ (As of Jan. 2024)

Toronto Cleantech Capital Interest Coverage Chart

Toronto Cleantech Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Coverage	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Toronto Cleantech Capital's Interest Coverage

For the Shell Companies subindustry, Toronto Cleantech Capital'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.

Toronto Cleantech Capital's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Toronto Cleantech Capital's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Toronto Cleantech Capital's Interest Coverage falls into.

Toronto Cleantech Capital 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Toronto Cleantech Capital's Interest Coverage for the fiscal year that ended in Apr. 2023 is calculated as

Here, for the fiscal year that ended in Apr. 2023, Toronto Cleantech Capital's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Toronto Cleantech Capital's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Toronto Cleantech Capital's Interest Expense was C$0.00 Mil. Its Operating Income was C$-0.05 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

* 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.

Toronto Cleantech Capital  (TSXV:YAY.P) 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 .

Toronto Cleantech Capital Interest Coverage Related Terms

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Toronto Cleantech Capital (TSXV:YAY.P) Business Description