BANT (Bantec) Interest Coverage: 0 (At Loss) (As of Jun. 2024)


What is Bantec Interest Coverage?

Bantec BANT -99.00% Interest Coverage is 0 (At Loss) as of Jun. 2024.

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. Bantec's Operating Income for the three months ended in Jun. 2024 was $-0.38 Mil. Bantec's Interest Expense for the three months ended in Jun. 2024 was $-0.19 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 Bantec's Interest Coverage or its related term are showing as below:


BANT's Interest Coverage is not ranked *
in the Aerospace & Defense industry.
Industry Median: 8.69
* 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.

Bantec  (OTCPK:BANT) 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 .

Bantec Interest Coverage Related Terms

Bantec Interest Coverage Historical Data

* Premium members only.

The historical data trend for Bantec'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.

Bantec Interest Coverage Chart

Bantec Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Interest Coverage
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Bantec Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.00

BANT vs GE, RTX, BA: Interest Coverage Comparison

For the Aerospace & Defense subindustry, Bantec'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.

Bantec Interest Coverage vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Bantec's Interest Coverage distribution charts can be found below:

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


Bantec 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.

Bantec's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Bantec's Interest Expense was $-1.41 Mil. Its Operating Income was $-1.51 Mil. And its Long-Term Debt & Capital Lease Obligation was $8.94 Mil.

Bantec did not have earnings to cover the interest expense.

Bantec's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Bantec's Interest Expense was $-0.19 Mil. Its Operating Income was $-0.38 Mil. And its Long-Term Debt & Capital Lease Obligation was $9.02 Mil.

Bantec 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?
Bantec (BANT) has a Interest Coverage of 0 (At Loss) as of Jun. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Bantec and its competitors.
Is Bantec's Interest Coverage too high?
Bantec's current Interest Coverage is 0 (At Loss).
How does Bantec's Interest Coverage compare to GE and RTX?
Bantec's Interest Coverage of 0 (At Loss) can be compared against companies in the Aerospace & Defense industry. The industry median Interest Coverage is 8.69. 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 an Aerospace & Defense company?
The median Interest Coverage among Aerospace & Defense companies is 8.69, based on 241 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 Bantec and its competitors. For the Aerospace & Defense industry, the median Interest Coverage is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bantec'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 Bantec stock overvalued right now?
Bantec (BANT) has a current Interest Coverage of 0 (At Loss). 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 Bantec (BANT), the current Interest Coverage is 0 (At Loss) as of Jun. 2024. 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.

Bantec Business Description

Address 37 Main Street, Sparta, NJ, USA, 07871
Bantec Inc along with its subsidiaries provides unmanned aerial vehicles (UAV) and related services. Principally, it is engaged in the business of research, design, development, testing, manufacturing, distribution, exportation, and integration of low-altitude UAV systems, services, and products. The company also provides procurement, distribution, and logistics services. It focuses on distributing, Drones and related services and Environmental/Construction products and services. The Company has operations based in Sparta, New Jersey and Vancouver, Washington.