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First Physicians Capital Group (First Physicians Capital Group) Interest Coverage : 24.03 (As of Jun. 2014)


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What is First Physicians Capital Group 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. First Physicians Capital Group's Operating Income for the three months ended in Jun. 2014 was $2.45 Mil. First Physicians Capital Group's Interest Expense for the three months ended in Jun. 2014 was $-0.10 Mil. First Physicians Capital Group's interest coverage for the quarter that ended in Jun. 2014 was 24.03. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for First Physicians Capital Group's Interest Coverage or its related term are showing as below:


FPCG'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.


First Physicians Capital Group Interest Coverage Historical Data

The historical data trend for First Physicians Capital Group'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.

First Physicians Capital Group Interest Coverage Chart

First Physicians Capital Group Annual Data
Trend Jan04 Jan05 Jan06 Jan07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 4.73 7.43

First Physicians Capital Group Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 10.63 6.66 13.46 25.36 24.03

Competitive Comparison of First Physicians Capital Group's Interest Coverage

For the Medical Care Facilities subindustry, First Physicians Capital Group'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.


First Physicians Capital Group's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, First Physicians Capital Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where First Physicians Capital Group's Interest Coverage falls into.



First Physicians Capital Group 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.

First Physicians Capital Group's Interest Coverage for the fiscal year that ended in Sep. 2013 is calculated as

Here, for the fiscal year that ended in Sep. 2013, First Physicians Capital Group's Interest Expense was $-0.87 Mil. Its Operating Income was $6.44 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.69 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2013 )/Interest Expense (A: Sep. 2013 )
=-1*6.437/-0.866
=7.43

First Physicians Capital Group's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

Here, for the three months ended in Jun. 2014, First Physicians Capital Group's Interest Expense was $-0.10 Mil. Its Operating Income was $2.45 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.39 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2014 )/Interest Expense (Q: Jun. 2014 )
=-1*2.451/-0.102
=24.03

* 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.


First Physicians Capital Group  (OTCPK:FPCG) 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 .


First Physicians Capital Group Interest Coverage Related Terms

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First Physicians Capital Group (First Physicians Capital Group) Business Description

Traded in Other Exchanges
N/A
Address
433 North Camden Drive, Suite 810, Beverly Hills, CA, USA, 90210
First Physicians Capital Group Inc provides financial and managerial services to healthcare facilities in non-urban markets.
Executives
William A Houlihan director, 10 percent owner 10900 WAYZATA BOULEVARD, MINNETONKA MN 55305
Anthony J Ciabattoni 10 percent owner 16 LAGUNITA DRIVE, LAGUNA BEACH CA 92651

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