FalconStor Software (FalconStor Software) Interest Coverage : 0 (At Loss) (As of Jun. 2023)

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What is FalconStor Software 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. FalconStor Software's Operating Income for the three months ended in Jun. 2023 was $-0.19 Mil. FalconStor Software's Interest Expense for the three months ended in Jun. 2023 was $-0.18 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 FalconStor Software's Interest Coverage or its related term are showing as below:

FALC's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 29.315
* 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.

FalconStor Software Interest Coverage Historical Data

The historical data trend for FalconStor Software'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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FalconStor Software Interest Coverage Chart

FalconStor Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.74

3.81

0.90

3.92

FalconStor Software Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial															3.45	-	-	-	N/A

Competitive Comparison of FalconStor Software's Interest Coverage

For the Software - Application subindustry, FalconStor Software'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.

FalconStor Software's Interest Coverage Distribution in the Software Industry

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

* The bar in red indicates where FalconStor Software's Interest Coverage falls into.

FalconStor Software 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.

FalconStor Software'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, FalconStor Software's Interest Expense was $-0.36 Mil. Its Operating Income was $1.42 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.21 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.42	/	-0.362
	=	3.92

FalconStor Software's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, FalconStor Software's Interest Expense was $-0.18 Mil. Its Operating Income was $-0.19 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.17 Mil.

FalconStor Software did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

FalconStor Software (OTCPK:FALC) 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 .

FalconStor Software Interest Coverage Related Terms

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

FalconStor Software (FalconStor Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FalconStor Software Inc (OTCPK:FALC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 Congress Avenue, Suite 150, Austin, TX, USA, 78701

Website

https://www.falconstor.com

FalconStor Software Inc operates in the trusted data protection software industry. The company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage and long-term retention costs. The products are offered through and supported by a worldwide network of managed service providers, systems integrators, resellers, and original equipment manufacturers. It's software products create investment protection, flexibility, and leverage of modern cloud-based technologies, through software-defined functionality that provides backup and long-term retention, and business continuity driven data replication. The company's geographical markets are the Americas, Asia Pacific, Europe, Middle East, Africa and Others.

Executives

Robert Todd Brooks	officer: Chief Executive Officer	C/O NOVATION COMPANIES, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747
Vincent Sita	officer: Chief Financial Officer	C/O FALCONSTOR SOFTWARE, INC., 701 BRAZOS STREET, SUITE 400, AUSTIN TX 78701
Michael P Kelly	director
Brad Wolfe	officer: Chief Financial Officer	C/O FALCONSTOR SOFTWARE, INC., 701 BRAZOS STREET, SUITE 400, AUSTIN TX 78701
Hcp-fva, Llc	director, 10 percent owner	17 STATE STREET, SUITE 3230, NEW YORK NY 10004
Esw Capital, Llc	10 percent owner	401 CONGRESS AVENUE, SUITE 2650, AUSTIN TX 78701
Joseph Liemandt	10 percent owner	5001 PLAZA ON THE LAKE, AUSTIN TX 78746
Patrick Mcclain	officer: EVP, CFO & Treasurer	C/O FALCONSTOR SOFTWARE, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747
Todd Oseth	officer: CEO & President	C/O MCDATA CORPORATION, 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
William D Miller	director
Barry Rudolph	director	1351 S SUNSET STREET, LONGMONT CO 80501
Daniel Murale	officer: VP of Finance & Interim CFO	C/O FALCONSTOR SOFTWARE, INC., 2 HUNTINGTON QUADRANGLE, SUITE 2S01, MELVILLE NY 11747
Gary Quinn	officer: COO and EVP	C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749
Alan Komet	officer: EVP Worldwide Field Operations	2 HUNTINGTON QUADRANGLE, MELVILLE NY 11747
Hale Martin M Jr	director, 10 percent owner