Top Image Systems (Top Image Systems) Interest Coverage : 0 (At Loss) (As of Jun. 2018)

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What is Top Image Systems 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. Top Image Systems's Operating Income for the three months ended in Jun. 2018 was $-0.78 Mil. Top Image Systems's Interest Expense for the three months ended in Jun. 2018 was $-0.12 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 Top Image Systems's Interest Coverage or its related term are showing as below:

TISA's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 29.37
* 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.

Top Image Systems Interest Coverage Historical Data

The historical data trend for Top Image Systems'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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Top Image Systems Interest Coverage Chart

Top Image Systems Annual Data

Trend

Dec08

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Interest Coverage

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Top Image Systems Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Interest Coverage	Get a 7-Day Free Trial															-	No Debt	-	-	-

Competitive Comparison of Top Image Systems's Interest Coverage

For the Software - Application subindustry, Top Image Systems'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.

Top Image Systems's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Top Image Systems's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Top Image Systems's Interest Coverage falls into.

Top Image Systems 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.

Top Image Systems's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, Top Image Systems's Interest Expense was $-0.69 Mil. Its Operating Income was $-5.78 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.94 Mil.

Top Image Systems did not have earnings to cover the interest expense.

Top Image Systems's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Here, for the three months ended in Jun. 2018, Top Image Systems's Interest Expense was $-0.12 Mil. Its Operating Income was $-0.78 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.23 Mil.

Top Image Systems did not have earnings to cover the interest expense.

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

Top Image Systems (NAS:TISA) 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 .

Top Image Systems Interest Coverage Related Terms

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Top Image Systems (Top Image Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Top Image Systems Ltd (NAS:TISA) » Definitions » Interest Coverage

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Address

2 Ben Gurion Street, PO Box 42, Beser Towers 1, Ramat Gan, ISR, 52573

Website

http://www.topimagesystems.com

Top Image Systems Ltd is a US-based company which is engaged in the development and marketing of a variety of information recognition systems and technologies and automated document capture solutions for the efficient flow of information within and between organizations. The company's solution delivers digital content to the applications that drive an enterprise by using advanced technologies including wireless communications, servers, form processing and information recognition systems. Its technology solutions include content process automation, Banking process, and Financial process automation. The company's products include eFLOW, mobiFLOW, and eFLOW CloudDocs. Most of the company's revenue is earned in North and South America and Asia Pacific region.