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34.38 (1y: +16%)
Market Cap 458.84 M P/E(ttm) 15.10
Enterprise Value 372.57 M P/B 1.90
HITK- NAS (USA)
Hi-Tech Pharmacal Co., Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
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$34.38
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Hi-Tech Pharmacal Co., Inc. Interest Coverage: 112.3 ( as of Jan13)

* All numbers are in millions except for per share data HITK 10-Y Financials »

Definition

Interest Coverage is a ratio that measures the burden of the debt a company carries and how easily the company can pay off its debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense:

Interest Coverage = Operating Income / Interest Expense

The higher the ratio, the stronger the company’s financial strength is.

Formula

Interest Coverage = Operating Income / Interest Expense

Hi-Tech Pharmacal Co., Inc. interest_coverage Calculation

* All numbers are in millions except for per share data

Hi-Tech Pharmacal Co., Inc. Annual Data

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Hi-Tech Pharmacal Co., Inc. Quarterly Data

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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.

Related Terms

Operating Income, Interest Expense
* All numbers are in millions except for per share data

Hi-Tech Pharmacal Co., Inc. Annual Data

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Apr03Apr04Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12
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Hi-Tech Pharmacal Co., Inc. Quarterly Data

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Oct10Jan11Apr11Jul11Oct11Jan12Apr12Jul12Oct12Jan13
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