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Cotinga Pharmaceuticals (Cotinga Pharmaceuticals) Interest Coverage : 0 (At Loss) (As of Jan. 2020)


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What is Cotinga Pharmaceuticals 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. Cotinga Pharmaceuticals's Operating Income for the three months ended in Jan. 2020 was $-0.36 Mil. Cotinga Pharmaceuticals's Interest Expense for the three months ended in Jan. 2020 was $-0.03 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 Cotinga Pharmaceuticals's Interest Coverage or its related term are showing as below:


COTQF's Interest Coverage is not ranked *
in the Biotechnology industry.
Industry Median: 156.65
* 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.


Cotinga Pharmaceuticals Interest Coverage Historical Data

The historical data trend for Cotinga Pharmaceuticals'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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Cotinga Pharmaceuticals Interest Coverage Chart

Cotinga Pharmaceuticals Annual Data
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Interest Coverage
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Cotinga Pharmaceuticals Quarterly Data
Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20
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Competitive Comparison of Cotinga Pharmaceuticals's Interest Coverage

For the Biotechnology subindustry, Cotinga Pharmaceuticals'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.


Cotinga Pharmaceuticals's Interest Coverage Distribution in the Biotechnology Industry

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

* The bar in red indicates where Cotinga Pharmaceuticals's Interest Coverage falls into.



Cotinga Pharmaceuticals 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.

Cotinga Pharmaceuticals's Interest Coverage for the fiscal year that ended in Apr. 2019 is calculated as

Here, for the fiscal year that ended in Apr. 2019, Cotinga Pharmaceuticals's Interest Expense was $-0.00 Mil. Its Operating Income was $-2.06 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Cotinga Pharmaceuticals did not have earnings to cover the interest expense.

Cotinga Pharmaceuticals's Interest Coverage for the quarter that ended in Jan. 2020 is calculated as

Here, for the three months ended in Jan. 2020, Cotinga Pharmaceuticals's Interest Expense was $-0.03 Mil. Its Operating Income was $-0.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Cotinga Pharmaceuticals 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.


Cotinga Pharmaceuticals  (OTCPK:COTQF) 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 .


Cotinga Pharmaceuticals Interest Coverage Related Terms

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Cotinga Pharmaceuticals (Cotinga Pharmaceuticals) Business Description

Traded in Other Exchanges
N/A
Address
82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C1P1
Cotinga Pharmaceuticals Inc is a clinical-stage biopharmaceutical company. The company's lead clinical candidate, COTI-2, is an oral small molecule targeting p53, a tumor suppressor gene that is mutated in over 50% of all cancers, and the company's second clinical candidate, COTI-219, is a novel oral small molecule compound targeting the mutant forms of KRAS with such mutations occurring in up to 30% of all cancers.

Cotinga Pharmaceuticals (Cotinga Pharmaceuticals) Headlines

From GuruFocus

Cotinga Pharmacueticals Announces Closing of Unit Offering

By GlobeNewswire GlobeNewswire 05-22-2019