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Rectifier Technologies (ASX:RFT) Interest Coverage : 0 (At Loss) (As of Dec. 2024)


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What is Rectifier Technologies 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. Rectifier Technologies's Operating Income for the six months ended in Dec. 2024 was A$-0.69 Mil. Rectifier Technologies's Interest Expense for the six months ended in Dec. 2024 was A$-0.13 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 Rectifier Technologies's Interest Coverage or its related term are showing as below:

ASX:RFT' s Interest Coverage Range Over the Past 10 Years
Min: 2.92   Med: 15.5   Max: 179
Current: 9.98


ASX:RFT's Interest Coverage is ranked worse than
59.32% of 2281 companies
in the Industrial Products industry
Industry Median: 15.56 vs ASX:RFT: 9.98

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


Rectifier Technologies Interest Coverage Historical Data

The historical data trend for Rectifier 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.

* Premium members only.

Rectifier Technologies Interest Coverage Chart

Rectifier Technologies Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.76 - - 52.13 2.92

Rectifier Technologies Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 32.75 121.23 - 41.76 -

Competitive Comparison of Rectifier Technologies's Interest Coverage

For the Electrical Equipment & Parts subindustry, Rectifier 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.


Rectifier Technologies's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rectifier Technologies's Interest Coverage distribution charts can be found below:

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


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Rectifier 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.

Rectifier Technologies's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, Rectifier Technologies's Interest Expense was A$-0.21 Mil. Its Operating Income was A$0.60 Mil. And its Long-Term Debt & Capital Lease Obligation was A$2.29 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2024 )/Interest Expense (A: Jun. 2024 )
=-1*0.599/-0.205
=2.92

Rectifier Technologies's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Rectifier Technologies's Interest Expense was A$-0.13 Mil. Its Operating Income was A$-0.69 Mil. And its Long-Term Debt & Capital Lease Obligation was A$2.56 Mil.

Rectifier 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.


Rectifier Technologies  (ASX:RFT) 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 .


Rectifier Technologies Interest Coverage Related Terms

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


Rectifier Technologies Business Description

Traded in Other Exchanges
N/A
Address
97 Highbury Road, Burwood, Melbourne, VIC, AUS, 3125
Rectifier Technologies Ltd is engaged in designing and manufacturing of power rectifiers and the production of electronic and specialized magnetic components. The company reportable segments are Electronic Components, Industrial Power Supplies (Electricity generation/distribution and Defence), Industrial Power Supplies (Transport and Telecommunication), and Industrial Power Supplies (Electric vehicles). It generates maximum revenue from the Industrial Power Supplies (Electric vehicles) segment. Geographically, it derives a majority of its revenue from Australia and also has a presence in Europe; Asia; North America; South America; and Oceania. Its product includes modules; power shelves and chargers and systems.

Rectifier Technologies Headlines

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