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IFIRMA Spolka Akcyjna (WAR:IFI) Interest Coverage : 904.00 (As of Dec. 2023)


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What is IFIRMA Spolka Akcyjna 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. IFIRMA Spolka Akcyjna's Operating Income for the three months ended in Dec. 2023 was zł1.81 Mil. IFIRMA Spolka Akcyjna's Interest Expense for the three months ended in Dec. 2023 was zł-0.00 Mil. IFIRMA Spolka Akcyjna's interest coverage for the quarter that ended in Dec. 2023 was 904.00. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

IFIRMA Spolka Akcyjna has no debt.

The historical rank and industry rank for IFIRMA Spolka Akcyjna's Interest Coverage or its related term are showing as below:

WAR:IFI' s Interest Coverage Range Over the Past 10 Years
Min: 158   Med: 3408   Max: No Debt
Current: 413.32


WAR:IFI's Interest Coverage is ranked better than
78.12% of 1600 companies
in the Software industry
Industry Median: 28.905 vs WAR:IFI: 413.32

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


IFIRMA Spolka Akcyjna Interest Coverage Historical Data

The historical data trend for IFIRMA Spolka Akcyjna'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.

IFIRMA Spolka Akcyjna Interest Coverage Chart

IFIRMA Spolka Akcyjna 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 No Debt No Debt No Debt 8,962.00 4,547.00

IFIRMA Spolka Akcyjna Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2,989.00 No Debt 284.73 181.22 904.00

Competitive Comparison of IFIRMA Spolka Akcyjna's Interest Coverage

For the Information Technology Services subindustry, IFIRMA Spolka Akcyjna'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.


IFIRMA Spolka Akcyjna's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, IFIRMA Spolka Akcyjna's Interest Coverage distribution charts can be found below:

* The bar in red indicates where IFIRMA Spolka Akcyjna's Interest Coverage falls into.



IFIRMA Spolka Akcyjna 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.

IFIRMA Spolka Akcyjna'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, IFIRMA Spolka Akcyjna's Interest Expense was zł-0.00 Mil. Its Operating Income was zł9.09 Mil. And its Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*9.094/-0.002
=4,547.00

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

Here, for the three months ended in Dec. 2023, IFIRMA Spolka Akcyjna's Interest Expense was zł-0.00 Mil. Its Operating Income was zł1.81 Mil. And its Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*1.808/-0.002
=904.00

* 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.


IFIRMA Spolka Akcyjna  (WAR:IFI) 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 .


IFIRMA Spolka Akcyjna Interest Coverage Related Terms

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


IFIRMA Spolka Akcyjna (WAR:IFI) Business Description

Traded in Other Exchanges
N/A
Address
Grabiszynska 241 B, Wroclaw, POL, 53-234
IFIRMA Spolka Akcyjna provides services in the field of software development as well as recruitment and outsourcing of IT staff. Its services include internet accounting, accounting office, invoices application, and warehousing software. The company is working on www.firmbee.com - a project management software which manages firm's tasks, finances, supports remote team work and HR processes.

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