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Astika Holdings (Astika Holdings) Interest Coverage : No Debt (1) (As of Sep. 2019)


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What is Astika Holdings 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. Astika Holdings's Operating Income for the three months ended in Sep. 2019 was $-0.06 Mil. Astika Holdings's Interest Expense for the three months ended in Sep. 2019 was $0.00 Mil. Astika Holdings 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 Astika Holdings's Interest Coverage or its related term are showing as below:


ASKH's Interest Coverage is not ranked *
in the Diversified Financial Services industry.
Industry Median: No Debt
* 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.


Astika Holdings Interest Coverage Historical Data

The historical data trend for Astika Holdings'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.

Astika Holdings Interest Coverage Chart

Astika Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Interest Coverage
Get a 7-Day Free Trial No Debt - - - No Debt

Astika Holdings 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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Astika Holdings's Interest Coverage

For the Shell Companies subindustry, Astika Holdings'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.


Astika Holdings's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Astika Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Astika Holdings's Interest Coverage falls into.



Astika Holdings 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.

Astika Holdings'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, Astika Holdings's Interest Expense was $0.00 Mil. Its Operating Income was $-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Astika Holdings had no debt (1).

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

Here, for the three months ended in Sep. 2019, Astika Holdings's Interest Expense was $0.00 Mil. Its Operating Income was $-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Astika Holdings 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.


Astika Holdings  (OTCPK:ASKH) 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 .


Astika Holdings Interest Coverage Related Terms

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


Astika Holdings (Astika Holdings) Business Description

Traded in Other Exchanges
N/A
Address
703 Rosebank Road, Level 1, Avondale, Auckland, NZL, 1348
Website
Astika Holdings Inc is not engaged in any business activity and is preparing to relaunch the company through one or more strategic acquisitions in the textile, service and industrial sectors in Asia and New Zealand.
Executives
Eugene B Settler director, officer: President, CEO & Treasurer
Aline Parrish 10 percent owner 631 JEFFERSON AVENUE UNIT 305 MIAMI BEACH FL 33139
Stephen J Ratelle director 6393 BUCKAROO AVENUE LAS VEGAS NV 89108
Jack Alvo director, officer: Secretary 7000 WEST PALMETTO PARK ROAD SUITE 409 BOCA RATON FL 33433
Iq Acquisition (ny) Ltd. 10 percent owner LEVEL 1, 725 ROSEBANK ROAD AVONDALE, 1348 AUCKLAND Q2 00000

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