GURUFOCUS.COM » STOCK LIST » Technology » Software » Infinity Stone Ventures Corp (FRA:B2IA) » Definitions » Interest Coverage

Infinity Stone Ventures (FRA:B2IA) Interest Coverage : No Debt (1) (As of May. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Infinity Stone Ventures 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. Infinity Stone Ventures's Operating Income for the three months ended in May. 2023 was €-0.31 Mil. Infinity Stone Ventures's Interest Expense for the three months ended in May. 2023 was €0.00 Mil. Infinity Stone Ventures has no debt. 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 Infinity Stone Ventures's Interest Coverage or its related term are showing as below:


FRA:B2IA's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 28.905
* 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.


Infinity Stone Ventures Interest Coverage Historical Data

The historical data trend for Infinity Stone Ventures'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.

Infinity Stone Ventures Interest Coverage Chart

Infinity Stone Ventures Annual Data
Trend Aug21 Aug22
Interest Coverage
- -

Infinity Stone Ventures Quarterly Data
May20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - No Debt No Debt

Competitive Comparison of Infinity Stone Ventures's Interest Coverage

For the Software - Application subindustry, Infinity Stone Ventures'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.


Infinity Stone Ventures's Interest Coverage Distribution in the Software Industry

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

* The bar in red indicates where Infinity Stone Ventures's Interest Coverage falls into.



Infinity Stone Ventures 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.

Infinity Stone Ventures's Interest Coverage for the fiscal year that ended in Aug. 2022 is calculated as

Here, for the fiscal year that ended in Aug. 2022, Infinity Stone Ventures's Interest Expense was €-1.28 Mil. Its Operating Income was €-2.51 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Infinity Stone Ventures did not have earnings to cover the interest expense.

Infinity Stone Ventures's Interest Coverage for the quarter that ended in May. 2023 is calculated as

Here, for the three months ended in May. 2023, Infinity Stone Ventures's Interest Expense was €0.00 Mil. Its Operating Income was €-0.31 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Infinity Stone Ventures 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.


Infinity Stone Ventures  (FRA:B2IA) 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 .


Infinity Stone Ventures Interest Coverage Related Terms

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


Infinity Stone Ventures (FRA:B2IA) Business Description

Traded in Other Exchanges
Address
750 - 1095 West Pender Street, Vancouver, BC, CAN, V6E 2M6
Infinity Stone Ventures Corp is engaged in the development of battery metals projects to fuel the green revolution, alongside a diversified portfolio of SaaS solutions, thereby delivering solutions across industries to its customers. The company's primary business units include Health Check and the energy metals portfolio. Geographically, it operates in Canada and USA. The Company is engaged in the development, marketing, and commercialization of contact tracing solutions. It is a technology company developing and delivering SaaS solutions for the public and private sectors. It integrates data collection and management (Smart Health RM), communications (Smart Connect), advertising (Engagency), and IoT devices (Smart Check).

Infinity Stone Ventures (FRA:B2IA) Headlines

No Headlines