Locate Technologies (ASX:LOC) Interest Coverage: 0 (At Loss) (As of Jun. 2025)


What is Locate Technologies Interest Coverage?

Locate Technologies ASX:LOC Interest Coverage is 0 (At Loss) as of Jun. 2025. The stock has 3 warning signs investors should review. Among 1,705 Software companies, Locate Technologies ranks worse than 58650.97% on this metric.

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. Locate Technologies's Operating Income for the six months ended in Jun. 2025 was A$-0.71 Mil. Locate Technologies's Interest Expense for the six months ended in Jun. 2025 was A$-0.29 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


ASX:LOC's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 24.67
* 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.

Locate Technologies  (ASX:LOC) 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 .

Locate Technologies Interest Coverage Related Terms

Locate Technologies Interest Coverage Historical Data

* Premium members only.

The historical data trend for Locate Technologies'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.

Locate Technologies Interest Coverage Chart

Locate Technologies Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Interest Coverage
0.00 0.00 0.00 0.00

Locate Technologies Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Interest Coverage Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

ASX:LOC vs CRM, SHOP, UBER: Interest Coverage Comparison

For the Software - Application subindustry, Locate Technologies'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.

Locate Technologies Interest Coverage vs Software Industry

For the Software industry and Technology sector, Locate Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Locate Technologies's Interest Coverage falls into.


Locate Technologies 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.

Locate Technologies's Interest Coverage for the fiscal year that ended in Jun. 2025 is calculated as

Here, for the fiscal year that ended in Jun. 2025, Locate Technologies's Interest Expense was A$-0.56 Mil. Its Operating Income was A$-1.38 Mil. And its Long-Term Debt & Capital Lease Obligation was A$3.70 Mil.

Locate Technologies did not have earnings to cover the interest expense.

Locate Technologies's Interest Coverage for the quarter that ended in Jun. 2025 is calculated as

Here, for the six months ended in Jun. 2025, Locate Technologies's Interest Expense was A$-0.29 Mil. Its Operating Income was A$-0.71 Mil. And its Long-Term Debt & Capital Lease Obligation was A$3.70 Mil.

Locate Technologies did not have earnings to cover the interest expense.

* 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 0 (At Loss) mean?
Locate Technologies (ASX:LOC) has a Interest Coverage of 0 (At Loss) as of Jun. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Locate Technologies and its competitors. According to the industry distribution chart, Locate Technologies ranks #999999 out of 1705 companies in the Software industry.
Is Locate Technologies' Interest Coverage too high?
Locate Technologies' current Interest Coverage is 0 (At Loss). Based on the distribution chart, Locate Technologies ranks #999999 out of 1705 companies in the Software industry, which is in the bottom quartile relative to peers.
How does Locate Technologies' Interest Coverage compare to CRM and SHOP?
According to the Software industry distribution chart, Locate Technologies ranks #999999 out of 1705 companies for Interest Coverage. This places Locate Technologies in the lower half of its industry. The industry median Interest Coverage is 24.67. 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 Software company?
The median Interest Coverage among Software companies is 24.67, based on 1,705 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. 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 Locate Technologies and its competitors. For the Software industry, the median Interest Coverage is 24.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Locate Technologies's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Locate Technologies stock overvalued right now?
Locate Technologies (ASX:LOC) has a current Interest Coverage of 0 (At Loss). The stock's GF Value™ is A$0.08, compared to a current price of A$0.06 — trading 30% below its estimated fair value. The current Interest Coverage is 0 (At Loss). 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 Locate Technologies (ASX:LOC), the current Interest Coverage is 0 (At Loss) as of Jun. 2025. 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.

Locate Technologies Business Description

Other Exchanges LOC:New Zealand
Address 55 Miller Street, Level 4, Suite 4.11, Pyrmont, Sydney, NSW, AUS, 2009
Locate Technologies Ltd is a provider of real-time tracking delivery solutions. The group's Locate2u is a Software-as-a-Service (SaaS) platform, designed to manage and optimise deliveries for couriers, retailers, and e-commerce businesses, and its Zoom2u Platform provides an Australia-wide marketplace connecting customers to a network of local drivers for fast deliveries. The group has two operating segments: Zoom2u and 2u Enterprises, and Locate2u. Maximum revenue is generated from the Zoom2u and 2u Enterprises segment, which provides delivery and tracking services to customers via an internally developed platform, allowing customers to arrange for the delivery of items. This segment also includes the Shred2u business, offering on-site and off-site document shredding services.