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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. Grow Capital's Operating Income for the three months ended in Mar. 2021 was $-0.99 Mil. Grow Capital's Interest Expense for the three months ended in Mar. 2021 was $-0.07 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 Grow Capital's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Grow Capital'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.
Grow Capital Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
Grow Capital Quarterly Data | ||||||||||||||||||||
Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | |
Interest Coverage | Get a 7-Day Free Trial | N/A | - | - | - | - |
For the Software - Application subindustry, Grow Capital'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.
For the Software industry and Technology sector, Grow Capital's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Grow Capital's Interest Coverage falls into.
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.
Grow Capital's Interest Coverage for the fiscal year that ended in Jun. 2020 is calculated as
Here, for the fiscal year that ended in Jun. 2020, Grow Capital's Interest Expense was $-0.04 Mil. Its Operating Income was $-2.87 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.88 Mil.
Grow Capital did not have earnings to cover the interest expense. |
Grow Capital's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as
Here, for the three months ended in Mar. 2021, Grow Capital's Interest Expense was $-0.07 Mil. Its Operating Income was $-0.99 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.38 Mil.
Grow Capital 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.
Grow Capital (OTCPK:GRWC) 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 .
Thank you for viewing the detailed overview of Grow Capital's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Carl Sanko | director, officer: Secretary | 4824 DENARO DRIVE LAS VEGAS NV 89135 |
Jonathan Eric Bonnette | director, 10 percent owner, officer: CTO | 722 W DUTTON ROAD EAGLE POINT OR 97524 |
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Wayne Andrew Zallen | director, 10 percent owner | 722 W. DUTTON RD EAGLE POINT OR 97524 |
David Tobias | director | PO BOX 1602, MESQUITE NV 89024 |
Joann Zallen Cleckner | officer: Corporate Secretary | 3681 WINDGATE STREET MEDFORD OR 97504 |
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Charles H House | director | 2464 IRON MOUNTAIN DRIVE, PARK CITY UT 84060 |
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