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Evolution Technology Resources (Evolution Technology Resources) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Evolution Technology Resources 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. Evolution Technology Resources's Operating Income for the three months ended in . 20 was $0.00 Mil. Evolution Technology Resources's Interest Expense for the three months ended in . 20 was $0.00 Mil. did not have earnings to cover the interest expense. 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 Evolution Technology Resources's Interest Coverage or its related term are showing as below:


ETKR's Interest Coverage is not ranked *
in the Business Services industry.
Industry Median: 13.62
* 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.


Evolution Technology Resources Interest Coverage Historical Data

The historical data trend for Evolution Technology Resources'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.

Evolution Technology Resources Interest Coverage Chart

Evolution Technology Resources Annual Data
Trend
Interest Coverage

Evolution Technology Resources Quarterly Data
Interest Coverage

Competitive Comparison of Evolution Technology Resources's Interest Coverage

For the Specialty Business Services subindustry, Evolution Technology Resources'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.


Evolution Technology Resources's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Evolution Technology Resources's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Evolution Technology Resources's Interest Coverage falls into.



Evolution Technology Resources 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.

Evolution Technology Resources's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Evolution Technology Resources's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Evolution Technology Resources had no debt (1).

Evolution Technology Resources's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the three months ended in . 20, Evolution Technology Resources's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Evolution Technology Resources 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.


Evolution Technology Resources  (OTCPK:ETKR) 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 .


Evolution Technology Resources Interest Coverage Related Terms

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Evolution Technology Resources (Evolution Technology Resources) Business Description

Traded in Other Exchanges
N/A
Address
670 Highway 7 E, Unit 49, Richmond Hill, ON, CAN, L4B 3P2
Evolution Technology Resources Inc is a business development company focused on acquiring intellectual property and assets of the Cloud Computing, Media and Technology, Online Casinos and Social Gaming Sectors.

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