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Neptune Technologies & Bioressources Inc (NAS:NEPT)
Interest Coverage
0.00 (As of May. 2014)

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. Neptune Technologies & Bioressources Inc's Operating Income for the three months ended in May. 2014 was $-7.42 Mil. Neptune Technologies & Bioressources Inc's Interest Expense for the three months ended in May. 2014 was $-0.02 Mil. Neptune Technologies & Bioressources Inc's interest coverage for the quarter that ended in May. 2014 was 0.00. The higher the ratio, the stronger the company’s financial strength is.

NEPT' s 10-Year Interest Coverage Range
Min: 9999.99   Max: 9999.99
Current: 0

During the past 13 years, the highest interest coverage of Neptune Technologies & Bioressources Inc was 9999.99. The lowest was 9999.99. And the median was 10000.00.

NEPT's Interest Coverageis ranked lower than
139% of the 412 Companies
in the Global Biotechnology industry.

( Industry Median: 10000.00 vs. NEPT: 0.00 )

Definition

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

Neptune Technologies & Bioressources Inc did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt is 0, or Interest Expense is positive, then

Neptune Technologies & Bioressources Inc had no debt.

Neptune Technologies & Bioressources Inc's Interest Coverage for the fiscal year that ended in Feb. 2014 is calculated as

Here, for the fiscal year that ended in Feb. 2014, Neptune Technologies & Bioressources Inc's Interest Expense was $-0.08 Mil. Its Operating Income was $-19.73 Mil. And its Long-Term Debt was $9.07 Mil.

Neptune Technologies & Bioressources Inc did not have earnings to cover the interest expense.

Neptune Technologies & Bioressources Inc's Interest Coverage for the quarter that ended in May. 2014 is calculated as

Here, for the three months ended in May. 2014, Neptune Technologies & Bioressources Inc's Interest Expense was $-0.02 Mil. Its Operating Income was $-7.42 Mil. And its Long-Term Debt was $9.38 Mil.

Neptune Technologies & Bioressources Inc did not have earnings to cover the interest expense.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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


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, Financial Strength


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Neptune Technologies & Bioressources Inc Annual Data

May04May05May06May07May08Feb10Feb11Feb12Feb13Feb14
interest_coverage At LossAt LossAt LossAt LossAt LossAt LossAt LossAt LossAt LossAt Loss

Neptune Technologies & Bioressources Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
interest_coverage At LossAt LossAt LossAt LossAt LossAt LossAt LossAt LossNo DebtAt Loss
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