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International Barrier Technology (International Barrier Technology) Interest Coverage : No Debt (1) (As of Jun. 2017)


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What is International Barrier Technology 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. International Barrier Technology's Operating Income for the three months ended in Jun. 2017 was $-0.03 Mil. International Barrier Technology's Interest Expense for the three months ended in Jun. 2017 was $0.00 Mil. International Barrier Technology has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for International Barrier Technology's Interest Coverage or its related term are showing as below:


IBTGF's Interest Coverage is not ranked *
in the Building Materials industry.
Industry Median: 7.065
* 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.


International Barrier Technology Interest Coverage Historical Data

The historical data trend for International Barrier Technology'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.

International Barrier Technology Interest Coverage Chart

International Barrier Technology Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 6.39 10.47 10.75 25.67

International Barrier Technology Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 13.75 - 42.88 72.50 No Debt

Competitive Comparison of International Barrier Technology's Interest Coverage

For the Building Materials subindustry, International Barrier Technology'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.


International Barrier Technology's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, International Barrier Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where International Barrier Technology's Interest Coverage falls into.



International Barrier Technology 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.

International Barrier Technology's Interest Coverage for the fiscal year that ended in Jun. 2017 is calculated as

Here, for the fiscal year that ended in Jun. 2017, International Barrier Technology's Interest Expense was $-0.02 Mil. Its Operating Income was $0.46 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2017 )/Interest Expense (A: Jun. 2017 )
=-1*0.462/-0.018
=25.67

International Barrier Technology's Interest Coverage for the quarter that ended in Jun. 2017 is calculated as

Here, for the three months ended in Jun. 2017, International Barrier Technology's Interest Expense was $0.00 Mil. Its Operating Income was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

International Barrier Technology had no debt (1).

* 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.


International Barrier Technology  (OTCPK:IBTGF) 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 .


International Barrier Technology Interest Coverage Related Terms

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


International Barrier Technology (International Barrier Technology) Business Description

Traded in Other Exchanges
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Address
International Barrier Technology Inc. is incorporated in July 1986 under the name 'Barrier Technology Inc.' The name was changed to 'International Barrier Technology Inc.' on 11 March 1996. The Company acquired the rights to the Pyrotite Technology for Canada in July 1986 and for the United States in March 1992. The Company develops, manufactures, and markets proprietary fire resistant building materials designed to help protect people and property from the destruction of fire. The Company uses a patented, non-combustible, non-toxic Pyrotite formulation that is used to coat wood panels and has potential application to engineered wood products, paint, plastics, and expanded polystyrene. Pyrotite is a fire-barrier material comprised of the patented formulation reinforced with chopped fiberglass strands and applied by customers directly to wood sheathing designed to prevent ignition and inhibit the spread of flames; and Blazeguard, a composite fire-rated panel, composed of a coating of the patented formulation adhered to a layer of structural sheathing or oriented strand board (OSB). The Company competes with other building materials companies that have similar operations.

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