CGLO (Coro Global) Interest Coverage: No Debt (1) (As of Jun. 2021)

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CGLO Coro Global Inc CGLO
12 GF Score
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What is Coro Global Interest Coverage?

Coro Global CGLO 12 Interest Coverage is No Debt (1) as of Jun. 2021. GuruFocus rates CGLO 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. Coro Global's Operating Income for the three months ended in Jun. 2021 was $-0.82 Mil. Coro Global's Interest Expense for the three months ended in Jun. 2021 was $0.00 Mil. Coro 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 Coro Global's Interest Coverage or its related term are showing as below:


CGLO's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 24.655
* 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.


Coro Global  (OTCPK:CGLO) 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 .


Coro Global Interest Coverage Related Terms


Coro Global Interest Coverage Historical Data

* Premium members only.

The historical data trend for Coro 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.

Coro Global Interest Coverage Chart

Coro Global Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Coro Global Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 No Debt No Debt No Debt No Debt

CGLO vs MSFT, ORCL, ADBE: Interest Coverage Comparison

For the Software - Infrastructure subindustry, Coro 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.


Coro Global Interest Coverage vs Software Industry

For the Software industry and Technology sector, Coro Global's Interest Coverage distribution charts can be found below:

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


CGLO
12GF Score
Coro Global Inc CGLO
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Coro 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.

Coro Global's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Coro Global's Interest Expense was $-0.17 Mil. Its Operating Income was $-5.35 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Coro Global did not have earnings to cover the interest expense.

Coro Global's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Here, for the three months ended in Jun. 2021, Coro Global's Interest Expense was $0.00 Mil. Its Operating Income was $-0.82 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Coro 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Coro Global (CGLO) has a Interest Coverage of No Debt (1) as of Jun. 2021. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Coro Global and its competitors.
Is Coro Global's Interest Coverage too high?
Coro Global's current Interest Coverage is No Debt (1). Overall, Coro Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Coro Global's Interest Coverage compare to MSFT and ORCL?
Coro Global's Interest Coverage of No Debt (1) can be compared against companies in the Software industry. The industry median Interest Coverage is 24.66. 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 Software company?
The median Interest Coverage among Software companies is 24.66, based on 1,718 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 Coro Global and its competitors. For the Software industry, the median Interest Coverage is 24.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coro Global's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coro Global stock overvalued right now?
Coro Global (CGLO) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). Coro Global's 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 Coro Global (CGLO), the current Interest Coverage is No Debt (1) as of Jun. 2021. 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.

Coro Global Business Description

Address 78 SW 7th Street, Suite 500, Miami, FL, USA, 33130
Coro Global Inc is a fintech company that is creating a new financial payment system where gold can be used as money in everyday transactions as easily as fiat currencies. Coro's platform is powered by Distributed Ledger Technology, allowing customers to send and receive global payments and exchange currency, including gold, seamlessly and securely.
12GF Score

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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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