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Nightingale Health (FRA:7XE) Interest Coverage : 0 (At Loss) (As of Dec. 2024)


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What is Nightingale Health 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. Nightingale Health's Operating Income for the six months ended in Dec. 2024 was €-9.12 Mil. Nightingale Health's Interest Expense for the six months ended in Dec. 2024 was €-0.62 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 Nightingale Health's Interest Coverage or its related term are showing as below:


FRA:7XE's Interest Coverage is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 8.17
* 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.


Nightingale Health Interest Coverage Historical Data

The historical data trend for Nightingale Health'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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Nightingale Health Interest Coverage Chart

Nightingale Health Annual Data
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Interest Coverage
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Nightingale Health Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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Competitive Comparison of Nightingale Health's Interest Coverage

For the Health Information Services subindustry, Nightingale Health'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.


Nightingale Health's Interest Coverage Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Nightingale Health's Interest Coverage falls into.


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Nightingale Health 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.

Nightingale Health's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, Nightingale Health's Interest Expense was €-0.01 Mil. Its Operating Income was €-18.64 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.99 Mil.

Nightingale Health did not have earnings to cover the interest expense.

Nightingale Health's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Nightingale Health's Interest Expense was €-0.62 Mil. Its Operating Income was €-9.12 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.32 Mil.

Nightingale Health 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.


Nightingale Health  (FRA:7XE) 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 .


Nightingale Health Interest Coverage Related Terms

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


Nightingale Health Business Description

Traded in Other Exchanges
Address
Mannerheimintie 164a, Helsinki, FIN, 00300
Nightingale Health PLC offers a health data platform that detects disease risks. The Health Data Platform empowers individuals to take actions to prevent diseases by allowing them access to disease risk information. With its Health Data Platform, the company connects the services of healthcare actors with the preventative health needs of individuals.

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