GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Capital Financial Global Inc (OTCPK:CFGX) » Definitions » Interest Coverage

CFGX (Capital Financial Global) Interest Coverage : No Debt (1) (As of Sep. 2004)


View and export this data going back to . Start your Free Trial

What is Capital Financial Global 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. Capital Financial Global's Operating Income for the three months ended in Sep. 2004 was $-0.18 Mil. Capital Financial Global's Interest Expense for the three months ended in Sep. 2004 was $0.00 Mil. Capital Financial Global has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Capital Financial Global's Interest Coverage or its related term are showing as below:


CFGX's Interest Coverage is not ranked *
in the Credit Services industry.
Industry Median: 65.99
* 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.


Capital Financial Global Interest Coverage Historical Data

The historical data trend for Capital Financial Global'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.

Capital Financial Global Interest Coverage Chart

Capital Financial Global Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03
Interest Coverage
No Debt No Debt No Debt No Debt No Debt

Capital Financial Global Quarterly Data
Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Capital Financial Global's Interest Coverage

For the Credit Services subindustry, Capital Financial Global'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.


Capital Financial Global's Interest Coverage Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Capital Financial Global's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Capital Financial Global's Interest Coverage falls into.


;
;

Capital Financial Global 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.

Capital Financial Global's Interest Coverage for the fiscal year that ended in Dec. 2003 is calculated as

Here, for the fiscal year that ended in Dec. 2003, Capital Financial Global's Interest Expense was $0.00 Mil. Its Operating Income was $-2.45 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Capital Financial Global had no debt (1).

Capital Financial Global's Interest Coverage for the quarter that ended in Sep. 2004 is calculated as

Here, for the three months ended in Sep. 2004, Capital Financial Global's Interest Expense was $0.00 Mil. Its Operating Income was $-0.18 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Capital Financial Global had no debt (1).

* 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.


Capital Financial Global  (OTCPK:CFGX) 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 .


Capital Financial Global Interest Coverage Related Terms

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


Capital Financial Global Business Description

Traded in Other Exchanges
N/A
Address
1042 Fort Union Boulevard, Suite 521, Midvale, UT, USA, 84047
Capital Financial Global Inc is a specialty finance company. It provides asset-backed financing and loan advisory services. The company provides services such as Life Insurance Backed Lending, Commercial Real Estate Backed Lending, Residential Real Estate Backed Lending, and others.