Precheck Health Service (Precheck Health Service) Interest Coverage : 0 (At Loss) (As of Sep. 2019)

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What is Precheck Health Service 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. Precheck Health Service's Operating Income for the three months ended in Sep. 2019 was $-0.36 Mil. Precheck Health Service's Interest Expense for the three months ended in Sep. 2019 was $-0.13 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 Precheck Health Service's Interest Coverage or its related term are showing as below:

HLTY's Interest Coverage is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 17.5
* 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.

Precheck Health Service Interest Coverage Historical Data

The historical data trend for Precheck Health Service'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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Precheck Health Service Interest Coverage Chart

Precheck Health Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Interest Coverage

No Debt

Precheck Health Service Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Interest Coverage	Get a 7-Day Free Trial													-	-	-	-	-

Competitive Comparison of Precheck Health Service's Interest Coverage

For the Medical Devices subindustry, Precheck Health Service'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.

Precheck Health Service's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Precheck Health Service's Interest Coverage distribution charts can be found below:

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

Precheck Health Service 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.

Precheck Health Service's Interest Coverage for the fiscal year that ended in Dec. 2018 is calculated as

Here, for the fiscal year that ended in Dec. 2018, Precheck Health Service's Interest Expense was $-0.21 Mil. Its Operating Income was $-6.43 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Precheck Health Service did not have earnings to cover the interest expense.

Precheck Health Service's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Here, for the three months ended in Sep. 2019, Precheck Health Service's Interest Expense was $-0.13 Mil. Its Operating Income was $-0.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Precheck Health Service did not have earnings to cover the interest expense.

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

Precheck Health Service (GREY:HLTY) 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 .

Precheck Health Service Interest Coverage Related Terms

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