BIOAF (Bioasis Technologies) Interest Coverage: 0 (At Loss) (As of Nov. 2022)

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BIOAF Bioasis Technologies Inc BIOAF
12 GF Score
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What is Bioasis Technologies Interest Coverage?

Bioasis Technologies BIOAF 12 Interest Coverage is 0 (At Loss) as of Nov. 2022. GuruFocus rates BIOAF with a GF Score™ of 12/100.

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. Bioasis Technologies's Operating Income for the three months ended in Nov. 2022 was $-0.52 Mil. Bioasis Technologies's Interest Expense for the three months ended in Nov. 2022 was $-0.16 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 Bioasis Technologies's Interest Coverage or its related term are showing as below:


BIOAF's Interest Coverage is not ranked *
in the Biotechnology industry.
Industry Median: 104.025
* 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.


Bioasis Technologies  (OTCPK:BIOAF) 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 .


Bioasis Technologies Interest Coverage Related Terms


Bioasis Technologies Interest Coverage Historical Data

* Premium members only.

The historical data trend for Bioasis 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.

Bioasis Technologies Interest Coverage Chart

Bioasis Technologies Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt 0.00 2.62 0.00

Bioasis Technologies Quarterly Data
Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22
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

BIOAF vs VRTX, REGN, SGEN: Interest Coverage Comparison

For the Biotechnology subindustry, Bioasis 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.


Bioasis Technologies Interest Coverage vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Bioasis Technologies's Interest Coverage distribution charts can be found below:

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


BIOAF
12GF Score
Bioasis Technologies Inc BIOAF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Bioasis 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.

Bioasis Technologies's Interest Coverage for the fiscal year that ended in Feb. 2022 is calculated as

Here, for the fiscal year that ended in Feb. 2022, Bioasis Technologies's Interest Expense was $-0.52 Mil. Its Operating Income was $-2.83 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.32 Mil.

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

Bioasis Technologies's Interest Coverage for the quarter that ended in Nov. 2022 is calculated as

Here, for the three months ended in Nov. 2022, Bioasis Technologies's Interest Expense was $-0.16 Mil. Its Operating Income was $-0.52 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.53 Mil.

Bioasis 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?
Bioasis Technologies (BIOAF) has a Interest Coverage of 0 (At Loss) as of Nov. 2022. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Bioasis Technologies and its competitors.
Is Bioasis Technologies' Interest Coverage too high?
Bioasis Technologies' current Interest Coverage is 0 (At Loss). Overall, Bioasis Technologies has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Bioasis Technologies' Interest Coverage compare to VRTX and REGN?
Bioasis Technologies' Interest Coverage of 0 (At Loss) can be compared against companies in the Biotechnology industry. The industry median Interest Coverage is 104.03. 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 Biotechnology company?
The median Interest Coverage among Biotechnology companies is 104.03, based on 376 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 Bioasis Technologies and its competitors. For the Biotechnology industry, the median Interest Coverage is 104.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bioasis 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 Bioasis Technologies stock overvalued right now?
Bioasis Technologies (BIOAF) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). Bioasis Technologies' overall GF Score™ is 12/100. 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 Bioasis Technologies (BIOAF), the current Interest Coverage is 0 (At Loss) as of Nov. 2022. 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.

Bioasis Technologies Business Description

Address 157 Church Street, 19th Floor, New Haven, CT, USA, 06510
Bioasis Technologies Inc is a development stage biopharmaceutical company engaged in the research and development of products for the diagnosis and treatment of neurological diseases and disorders. The company's xB3 program describes its proprietary carrier, p97, and components thereof, to deliver therapeutics across the blood-brain barrier (BBB).
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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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