Climb Global Solutions (Climb Global Solutions) Interest Coverage

: 45.92 (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

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. Climb Global Solutions's Operating Income for the three months ended in Dec. 2023 was $7.8 Mil. Climb Global Solutions's Interest Expense for the three months ended in Dec. 2023 was $-0.2 Mil. Climb Global Solutions's interest coverage for the quarter that ended in Dec. 2023 was 45.92. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Climb Global Solutions Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Climb Global Solutions's Interest Coverage or its related term are showing as below:

CLMB' s Interest Coverage Range Over the Past 10 Years
Min: 64.84 Med: No Debt Max: No Debt
Current: 70.32

CLMB's Interest Coverage is ranked better than
78.16% of 1598 companies
in the Hardware industry
Industry Median: 12.69 vs CLMB: 70.32

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

Climb Global Solutions Interest Coverage Historical Data

The historical data trend for Climb Global Solutions'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.

Climb Global Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

N/A

252.06

64.84

Climb Global Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																393.44	151.18	N/A	78.56	45.92

Competitive Comparison

For the Electronics & Computer Distribution subindustry, Climb Global Solutions'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.

Climb Global Solutions Interest Coverage Distribution

For the Hardware industry and Technology sector, Climb Global Solutions's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Climb Global Solutions's Interest Coverage falls into.

Climb Global Solutions 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.

Climb Global Solutions'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, Climb Global Solutions's Interest Expense was $-0.3 Mil. Its Operating Income was $17.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.6 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	17.119	/	-0.264
	=	64.84

Climb Global Solutions's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Climb Global Solutions's Interest Expense was $-0.2 Mil. Its Operating Income was $7.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	7.807	/	-0.17
	=	45.92

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

Climb Global Solutions (NAS:CLMB) 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 .

Climb Global Solutions Interest Coverage Related Terms

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

Climb Global Solutions (Climb Global Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Climb Global Solutions Inc (NAS:CLMB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Industrial Way West, Suite 300, Eatontown, NJ, USA, 07724

Website

https://www.waysidetechnology.com

Climb Global Solutions Inc is a cloud-based, value-added IT distribution and solutions company specializing in emerging technologies. It operates across the USA, Canada, and Europe through multiple business units, including Climb Channel Solutions, Sigma, Grey Matter, Interwork, and TechXtend. The Company is organized into two reportable operating segments. The Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators under the name Climb Channel Solutions. The Solutions segment is a cloud solutions provider and value-added reseller of software, hardware and services to customers under the names Grey Matter.

Executives

Timothy Popovich	officer: COO & President	715 OCEAN GATE AVE, PO BOX 523, OCEAN GATE NJ 08740
Andrew S Bryant	director	ARROW ELECTRONICS, INC., 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112
Andrew E Clark	officer: Chief Financial Officer	6011 UNIVERSITY BLVD., SUITE 370, ELLICOTT CITY MD 21043
Geygan Jeffrey Richart Geygan	director	1433 N WATER STREET, SUITE 549, MILWAUKEE WI 53202
John R Mccarthy	director	4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Kimberly Boren	director	18872 MACARTHUR BLVD., SUITE 200, IRVINE CA 92612
Gerri Gold	director	4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Dale Richard Foster	officer: Executive VP	10900 PUMP HOUSE ROAD, ANNAPOLIS JUNCTION MD 20701
Charles Edward Bass	officer: VP New Business	12427 BAYHILL DRIVE, CARMEL IN 46033
Vito Legrottaglie	officer: VP Management Info Systems
Greg Scorziello	director	4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Matthew M Sullivan	officer: CAO	4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Carol Dibattiste	director	1155 W FREDERICK SMALL RD, JUPITER FL 33458
Diana Kurty	director	C/O WAYSIDE TECHNOLOGY GROUP, 11, SHREWSBURY NJ 07702
Michael Faith	director, officer: Director	ONE DANIEL BURNHAM CT., #400C, SAN FRANCISCO CA 94109