Hightech Payment Systems (CAS:HPS) Interest Coverage : 30.59 (As of Dec. 2023)

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What is Hightech Payment Systems 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. Hightech Payment Systems's Operating Income for the six months ended in Dec. 2023 was MAD126 Mil. Hightech Payment Systems's Interest Expense for the six months ended in Dec. 2023 was MAD-4 Mil. Hightech Payment Systems's interest coverage for the quarter that ended in Dec. 2023 was 30.59. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Hightech Payment Systems's Interest Coverage or its related term are showing as below:

CAS:HPS' s Interest Coverage Range Over the Past 10 Years
Min: 6.66 Med: 15.27 Max: 32.23
Current: 8.72

CAS:HPS's Interest Coverage is ranked worse than
67.74% of 1621 companies
in the Software industry
Industry Median: 29.35 vs CAS:HPS: 8.72

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

Hightech Payment Systems Interest Coverage Historical Data

The historical data trend for Hightech Payment Systems'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.

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Hightech Payment Systems Interest Coverage Chart

Hightech Payment Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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20.13

14.07

16.47

11.86

6.66

Hightech Payment Systems Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															178.92	N/A	3.59	4.44	30.59

Competitive Comparison of Hightech Payment Systems's Interest Coverage

For the Software - Infrastructure subindustry, Hightech Payment Systems'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.

Hightech Payment Systems's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Hightech Payment Systems's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Hightech Payment Systems's Interest Coverage falls into.

Hightech Payment Systems 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.

Hightech Payment Systems'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, Hightech Payment Systems's Interest Expense was MAD-33 Mil. Its Operating Income was MAD220 Mil. And its Long-Term Debt & Capital Lease Obligation was MAD116 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	219.597	/	-32.957
	=	6.66

Hightech Payment Systems's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Hightech Payment Systems's Interest Expense was MAD-4 Mil. Its Operating Income was MAD126 Mil. And its Long-Term Debt & Capital Lease Obligation was MAD116 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	126.165	/	-4.125
	=	30.59

The higher the ratio, the stronger the company's Financial Strength is.

Hightech Payment Systems (CAS:HPS) 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 .

Hightech Payment Systems Interest Coverage Related Terms

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

Hightech Payment Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hightech Payment Systems SA (CAS:HPS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100, Boulevard Al Qods - Sidi Maarouf, Casablanca Nearshore Park, Shore 1, Casablanca, MAR, 20270

Website

https://www.hps-worldwide.com

Hightech Payment Systems SA is the group that provides solutions and services involving electronic payment. The group offers are structured in the following business units - HPS Solutions, HPS Processing, HPS Services, Safety, and Other Products. HPS Solutions designs, develops, markets, installs, and supports a suite of multi-channel electronic payment solutions. PowerCARD software suite offers comprehensive, configurable and scalable solutions to meet the user needs. The company's software and services are sold covering many geographical areas such as Europe, Americas, Africa and the Middle East and Asia. The group's majority revenue is generated from the sale of HPS solutions.