Transact Technologies (Transact Technologies) Interest Coverage

: 0 (At Loss) (As of Dec. 2023)

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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. Transact Technologies's Operating Income for the three months ended in Dec. 2023 was $-0.52 Mil. Transact Technologies's Interest Expense for the three months ended in Dec. 2023 was $-0.05 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 Transact Technologies's Interest Coverage or its related term are showing as below:

TACT' s Interest Coverage Range Over the Past 10 Years
Min: 12.25 Med: 139.17 Max: 250.33
Current: 22.38

TACT's Interest Coverage is ranked better than
61.11% of 1597 companies
in the Hardware industry
Industry Median: 12.72 vs TACT: 22.38

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

Transact Technologies Interest Coverage Historical Data

The historical data trend for Transact Technologies'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.

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Transact Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

12.25

18.41

Transact Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																7.84	57.77	18.00	16.32	-

Competitive Comparison

For the Computer Hardware subindustry, Transact Technologies'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.

Transact Technologies Interest Coverage Distribution

For the Hardware industry and Technology sector, Transact Technologies's Interest Coverage distribution charts can be found below:

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

Transact Technologies 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.

Transact Technologies'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, Transact Technologies's Interest Expense was $-0.31 Mil. Its Operating Income was $5.71 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.72 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	5.706	/	-0.31
	=	18.41

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

Here, for the three months ended in Dec. 2023, Transact Technologies's Interest Expense was $-0.05 Mil. Its Operating Income was $-0.52 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.72 Mil.

Transact Technologies did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Transact Technologies (NAS:TACT) 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 .

Transact Technologies Interest Coverage Related Terms

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

Transact Technologies (Transact Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Transact Technologies Inc (NAS:TACT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2319 Whitney Avenue, One Hamden Center, Suite 3B, Hamden, CT, USA, 06518

Website

https://www.transact-tech.com

Transact Technologies Inc develops and sells software-driven technology and printing solutions. The company's software is sold under BOHA, AccuDate, Epic, EPICENTRAL, Ithaca, and Printrex brand names. It also provides supplies and consumables used in the printing and scanning activities to restaurant and hospitality, banking, retail, casino and gaming, point of sale automation, lottery, medical, mobile, oil, and gas markets. Most of the revenue is derived from the casinos and gaming industry followed by the Foodservice technology market. Its geographical segments are the United States and International, of which the majority of its revenue comes from the United States.

Executives

B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Audrey Dunning	director	242 MEADOWBROOK DRIVE, CRANBERRY TOWNSHIP PA 16066
325 Master Fund Lp	director, 10 percent owner	757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
325 Capital Gp, Llc	director, 10 percent owner	757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
Gaurav Bahri	officer: Chief Revenue Officer	12586 MISTY CREEK LANE, FAIRFAX VA 22033
William Defrances	officer: Chief Accounting Officer
Bryant R Riley	10 percent owner	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
B. Riley Securities, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Bart C Shuldman	director, officer: Chairman and CEO	6700 PARADISE ROAD, SUITE D, LAS VEGAS NV 89119
Raymond J Harbert	10 percent owner	2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Kenan Lucas	10 percent owner	C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Fund Advisors, Inc.	10 percent owner	2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Discovery Fund, Lp	10 percent owner	HARBERT DISCOVERY FUND GP, LLC, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
John F. Bryant	10 percent owner	C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Management Corp	10 percent owner	2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203