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CloudMD Software & Services (CloudMD Software & Services) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is CloudMD Software & Services 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. CloudMD Software & Services's Operating Income for the three months ended in Mar. 2024 was $-2.75 Mil. CloudMD Software & Services's Interest Expense for the three months ended in Mar. 2024 was $-0.37 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 CloudMD Software & Services's Interest Coverage or its related term are showing as below:


DOCRF's Interest Coverage is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 8.7
* 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.


CloudMD Software & Services Interest Coverage Historical Data

The historical data trend for CloudMD Software & Services'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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CloudMD Software & Services Interest Coverage Chart

CloudMD Software & Services Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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CloudMD Software & Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of CloudMD Software & Services's Interest Coverage

For the Health Information Services subindustry, CloudMD Software & Services'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.


CloudMD Software & Services's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CloudMD Software & Services's Interest Coverage distribution charts can be found below:

* The bar in red indicates where CloudMD Software & Services's Interest Coverage falls into.



CloudMD Software & Services 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.

CloudMD Software & Services'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, CloudMD Software & Services's Interest Expense was $-1.28 Mil. Its Operating Income was $-14.10 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.84 Mil.

CloudMD Software & Services did not have earnings to cover the interest expense.

CloudMD Software & Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, CloudMD Software & Services's Interest Expense was $-0.37 Mil. Its Operating Income was $-2.75 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.39 Mil.

CloudMD Software & Services 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.


CloudMD Software & Services  (OTCPK:DOCRF) 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 .


CloudMD Software & Services Interest Coverage Related Terms

Thank you for viewing the detailed overview of CloudMD Software & Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


CloudMD Software & Services (CloudMD Software & Services) Business Description

Traded in Other Exchanges
Address
885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8
CloudMD Software & Services Inc is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The company offers SAAS-based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). It has two segments Digital Health Solutions and Enterprise Health Solutions.