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IMCI (Infinite Group) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is Infinite 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. Infinite Group's Operating Income for the three months ended in Jun. 2023 was $-0.44 Mil. Infinite Group's Interest Expense for the three months ended in Jun. 2023 was $-0.72 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 Infinite Group's Interest Coverage or its related term are showing as below:


IMCI's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 26.09
* 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.


Infinite Group Interest Coverage Historical Data

The historical data trend for Infinite 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.

Infinite Group Interest Coverage Chart

Infinite Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 1.17 - - -

Infinite Group Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 - - - - -

Competitive Comparison of Infinite Group's Interest Coverage

For the Information Technology Services subindustry, Infinite 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.


Infinite Group's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Infinite Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Infinite Group's Interest Coverage falls into.


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Infinite 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.

Infinite Group's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Infinite Group's Interest Expense was $-1.16 Mil. Its Operating Income was $-2.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.92 Mil.

Infinite Group did not have earnings to cover the interest expense.

Infinite Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Infinite Group's Interest Expense was $-0.72 Mil. Its Operating Income was $-0.44 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.45 Mil.

Infinite Group 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.


Infinite Group  (OTCPK:IMCI) 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 .


Infinite Group Interest Coverage Related Terms

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


Infinite Group Business Description

Traded in Other Exchanges
N/A
Address
175 Sully’s Trail, Suite 202, Pittsford, NY, USA, 14534
Infinite Group Inc provides managed information technology and virtualization services. It also develops and renders cybersecurity tools and solutions to private businesses and government agencies in the United States. It offers products such as Nodeware which assesses vulnerabilities in a computer network using scanning technology. The company also provides cloud computing solutions, including public and private cloud architecture, hybrid cloud hosting, server virtualization, and desktop virtualization solutions.
Executives
James Villa 10 percent owner 308 ROCK BEACH ROAD, ROCHESTER NY 14617
Andrew T. Hoyen officer: EVP- Chief Admin Officer 80 OFFICE PARK WAY, PITTSFORD NY 14534
Richard W Glickman officer: Chief Accounting Officer 175 SULLY'S TRAIL, PITTSFORD NY 14534
Donald Reeve director C/O INFINITE GROUP, INC., 60 OFFICE PARK WAY, PITTSFORD NY 14534
James Witzel officer: Chief Financial Officer C/O INFINITE GROUP INC, 60 OFFICE PARK WAY, PITTSFORD NY 14534
James D Frost officer: CHIEF TECHNOLOGY OFFICER C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
William S Hogan officer: VP of Operations C/O INFINITE GROUP, INC., 60 OFFICE PARK WAY, PITTSFORD NY 14534
David Slavny officer: Director Business Development C/O INFINITE GROUP, INC, 60 OFFICE PARK WAY, PITTSFORD NY 14534
Northwest Hampton Holdings Llc 10 percent owner 308 ROCK BEACH ROAD, ROCHESTER NY 14617
Michael S Smith director, officer: PRESIDENT, CEO and CFO C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
Allan M Robbins director C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
Paul J Delmore director, 10 percent owner C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
Upstate Holding Group, Llc 10 percent owner C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610

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