GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrial Nanotech Inc (OTCPK:INTK) » Definitions » Interest Coverage

Industrial Nanotech (Industrial Nanotech) Interest Coverage : 0 (At Loss) (As of . 20)


View and export this data going back to 2004. Start your Free Trial

What is Industrial Nanotech 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. Industrial Nanotech's Operating Income for the three months ended in . 20 was $0.00 Mil. Industrial Nanotech's Interest Expense for the three months ended in . 20 was $0.00 Mil. did not have earnings to cover the interest expense. 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 Industrial Nanotech's Interest Coverage or its related term are showing as below:


INTK's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 9.71
* 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.


Industrial Nanotech Interest Coverage Historical Data

The historical data trend for Industrial Nanotech'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.

Industrial Nanotech Interest Coverage Chart

Industrial Nanotech Annual Data
Trend
Interest Coverage

Industrial Nanotech Quarterly Data
Interest Coverage

Competitive Comparison of Industrial Nanotech's Interest Coverage

For the Specialty Chemicals subindustry, Industrial Nanotech'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.


Industrial Nanotech's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Industrial Nanotech's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Industrial Nanotech's Interest Coverage falls into.



Industrial Nanotech 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.

Industrial Nanotech's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Industrial Nanotech's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Industrial Nanotech had no debt (1).

Industrial Nanotech's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the three months ended in . 20, Industrial Nanotech's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Industrial Nanotech 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.


Industrial Nanotech  (OTCPK:INTK) 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 .


Industrial Nanotech Interest Coverage Related Terms

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


Industrial Nanotech (Industrial Nanotech) Business Description

Traded in Other Exchanges
N/A
Address
1415 Panther Lane, Suite 397, Naples, FL, USA, 34109
Industrial Nanotech Inc. is a rising nanoscience solution and research leader. The Company develops and commercializes applications for sustainable manufacturing and buildings which are sold worldwide, including patented thermal insulation and asset protection coatings which provide energy savings, thermal insulation, corrosion resistance, prevention of CUI, moisture resistance, UV resistance, chemical resistance, and other protective benefits. The coatings are low VOC, water-based, and sustainable. The Company manufactures the products at a factory in Sumter, South Carolina, and sells the products directly through the Company's subsidiaries and through distributors in the .U.S and internationally.