AHGIF (Alternate Health) Interest Coverage: 1.22 (As of Sep. 2019)


What is Alternate Health Interest Coverage?

Alternate Health AHGIF -99.00% Interest Coverage is 1.22 as of Sep. 2019.

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. Alternate Health's Operating Income for the three months ended in Sep. 2019 was $0.42 Mil. Alternate Health's Interest Expense for the three months ended in Sep. 2019 was $-0.34 Mil. Alternate Health's interest coverage for the quarter that ended in Sep. 2019 was 1.22. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Alternate Health's Interest Coverage or its related term are showing as below:


AHGIF's Interest Coverage is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 7.98
* 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.

Alternate Health  (OTCPK:AHGIF) 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 .

Alternate Health Interest Coverage Related Terms

Alternate Health Interest Coverage Historical Data

* Premium members only.

The historical data trend for Alternate Health'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.

Alternate Health Interest Coverage Chart

Alternate Health Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18
Interest Coverage
No Debt 0.00 0.00 0.00 0.00

Alternate Health Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 0.00 0.00 0.00 0.00 1.22

AHGIF vs VEEV, CERN, TDOC: Interest Coverage Comparison

For the Health Information Services subindustry, Alternate Health'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.

Alternate Health Interest Coverage vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Alternate Health's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Alternate Health's Interest Coverage falls into.


Alternate Health 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.

Alternate Health's Interest Coverage for the fiscal year that ended in Dec. 2018 is calculated as

Here, for the fiscal year that ended in Dec. 2018, Alternate Health's Interest Expense was $-0.25 Mil. Its Operating Income was $-12.41 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.88 Mil.

Alternate Health did not have earnings to cover the interest expense.

Alternate Health's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Here, for the three months ended in Sep. 2019, Alternate Health's Interest Expense was $-0.34 Mil. Its Operating Income was $0.42 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.61 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2019 )/Interest Expense (Q: Sep. 2019 )
=-1*0.415/-0.34
=1.22

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 1.22 mean?
Alternate Health (AHGIF) has a Interest Coverage of 1.22 as of Sep. 2019. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Alternate Health and its competitors.
Is Alternate Health's Interest Coverage too high?
Alternate Health's current Interest Coverage is 1.22. The Healthcare Providers & Services industry median Interest Coverage is 7.98. Alternate Health's value of 1.22 is 84.7% below this industry median.
How does Alternate Health's Interest Coverage compare to VEEV and CERN?
Alternate Health's Interest Coverage of 1.22 can be compared against companies in the Healthcare Providers & Services industry. The industry median Interest Coverage is 7.98. Alternate Health's value of 1.22 is 84.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Healthcare Providers & Services company?
The median Interest Coverage among Healthcare Providers & Services companies is 7.98, based on 453 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alternate Health's current Interest Coverage of 1.22 is 84.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Alternate Health and its competitors. For the Healthcare Providers & Services industry, the median Interest Coverage is 7.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alternate Health's current Interest Coverage is 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alternate Health stock overvalued right now?
Alternate Health (AHGIF) has a current Interest Coverage of 1.22. The current Interest Coverage is 1.22 and 84.7% below the Healthcare Providers & Services industry median of 7.98. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Alternate Health (AHGIF), the current Interest Coverage is 1.22 as of Sep. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Alternate Health Business Description

Address 7373 Broadway Street, Suite 307, San Antonio, TX, USA, 78209
Alternate Health Corp is a healthcare company. It uses expertise in technology and data analytics to revolutionize patient care and research in the emerging medical cannabis industry. It offers practice management and controlled substance management software, blood analysis and toxicology labs, clinical research, continuing education programs, nutraceutical products, and security and control services to the medical cannabis industry.