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OXO Technologies Holding Nyrt (BUD:OXOTECH) Interest Coverage : 0 (At Loss) (As of Jun. 2024)


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What is OXO Technologies Holding Nyrt 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. OXO Technologies Holding Nyrt's Operating Income for the six months ended in Jun. 2024 was €-0.45 Mil. OXO Technologies Holding Nyrt's Interest Expense for the six months ended in Jun. 2024 was €-0.28 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 OXO Technologies Holding Nyrt's Interest Coverage or its related term are showing as below:


BUD:OXOTECH's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 52.395
* 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.


OXO Technologies Holding Nyrt Interest Coverage Historical Data

The historical data trend for OXO Technologies Holding Nyrt'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.

OXO Technologies Holding Nyrt Interest Coverage Chart

OXO Technologies Holding Nyrt Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt No Debt -

OXO Technologies Holding Nyrt Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Coverage Get a 7-Day Free Trial Premium Member Only - No Debt 61.00 - -

Competitive Comparison of OXO Technologies Holding Nyrt's Interest Coverage

For the Asset Management subindustry, OXO Technologies Holding Nyrt'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.


OXO Technologies Holding Nyrt's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, OXO Technologies Holding Nyrt's Interest Coverage distribution charts can be found below:

* The bar in red indicates where OXO Technologies Holding Nyrt's Interest Coverage falls into.



OXO Technologies Holding Nyrt 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.

OXO Technologies Holding Nyrt's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, OXO Technologies Holding Nyrt's Interest Expense was €-0.00 Mil. Its Operating Income was €-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

OXO Technologies Holding Nyrt did not have earnings to cover the interest expense.

OXO Technologies Holding Nyrt's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, OXO Technologies Holding Nyrt's Interest Expense was €-0.28 Mil. Its Operating Income was €-0.45 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

OXO Technologies Holding Nyrt 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.


OXO Technologies Holding Nyrt  (BUD:OXOTECH) 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 .


OXO Technologies Holding Nyrt Interest Coverage Related Terms

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OXO Technologies Holding Nyrt Business Description

Traded in Other Exchanges
N/A
Address
Ganz utca 12-14., Budapest, HUN, HU-1027
OXO Technologies Holding Nyrt is an investment firm in the tech sector in the CEE region. Its investment policy targets the funding, partial or full buyout of early, growth, and scale-up stage tech ventures, accelerating their growth and market expansion and preparing them for subsequent funding rounds or exits.

OXO Technologies Holding Nyrt Headlines

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