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American Metal & Technology (American Metal & Technology) Interest Coverage : No Debt (1) (As of Sep. 2010)


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What is American Metal & 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. American Metal & Technology's Operating Income for the three months ended in Sep. 2010 was $0.48 Mil. American Metal & Technology's Interest Expense for the three months ended in Sep. 2010 was $0.00 Mil. American Metal & 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 American Metal & Technology's Interest Coverage or its related term are showing as below:


AMGY's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 13.765
* 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.


American Metal & Technology Interest Coverage Historical Data

The historical data trend for American Metal & 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.

American Metal & Technology Interest Coverage Chart

American Metal & Technology Annual Data
Trend Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul06 Dec07 Dec08 Dec09
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A No Debt No Debt No Debt

American Metal & Technology Quarterly Data
Oct05 Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of American Metal & Technology's Interest Coverage

For the Metal Fabrication subindustry, American Metal & 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.


American Metal & Technology's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, American Metal & Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where American Metal & Technology's Interest Coverage falls into.



American Metal & 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.

American Metal & Technology's Interest Coverage for the fiscal year that ended in Dec. 2009 is calculated as

Here, for the fiscal year that ended in Dec. 2009, American Metal & Technology's Interest Expense was $0.00 Mil. Its Operating Income was $-0.97 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

American Metal & Technology had no debt (1).

American Metal & Technology's Interest Coverage for the quarter that ended in Sep. 2010 is calculated as

Here, for the three months ended in Sep. 2010, American Metal & Technology's Interest Expense was $0.00 Mil. Its Operating Income was $0.48 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

American Metal & 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.


American Metal & Technology  (OTCPK:AMGY) 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 .


American Metal & Technology Interest Coverage Related Terms

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American Metal & Technology (American Metal & Technology) Business Description

Traded in Other Exchanges
N/A
Address
No. 11 Shi Xing Street, Badachu Hi-Tech Zone, Shijingshan District, Beijing, CHN, 100041
American Metal & Technology Inc through its subsidiaries is engaged in precision casting, machining, mold design and manufacturing in the People's Republic of China. It manufacture investment casting and machined products, including valves, pipe fittings, dispensers, machinery spare parts, water treatment parts, automotive and airplane accessories, electronic circuit boards for home appliances and motion controllers, and other equipment parts.

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