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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. Innovative Payment Solutions's Operating Income for the three months ended in Dec. 2023 was $-0.82 Mil. Innovative Payment Solutions's Interest Expense for the three months ended in Dec. 2023 was $-0.49 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 Innovative Payment Solutions'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 Innovative Payment Solutions'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.
Innovative Payment Solutions Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
Innovative Payment Solutions Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Software - Infrastructure subindustry, Innovative Payment Solutions'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, Innovative Payment Solutions's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Innovative Payment Solutions'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.
Innovative Payment Solutions's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as
Here, for the fiscal year that ended in Dec. 2023, Innovative Payment Solutions's Interest Expense was $-1.19 Mil. Its Operating Income was $-3.96 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.15 Mil.
Innovative Payment Solutions did not have earnings to cover the interest expense. |
Innovative Payment Solutions's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the three months ended in Dec. 2023, Innovative Payment Solutions's Interest Expense was $-0.49 Mil. Its Operating Income was $-0.82 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.15 Mil.
Innovative Payment Solutions 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.
Innovative Payment Solutions (OTCPK:IPSI) 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 Innovative Payment Solutions's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard Rosenblum | 10 percent owner, other: President and CFO | 19 HORIZON DRIVE, WAYNE NJ 07470 |
David F Rios | director | 14924 DIDUCA WAY, LOS GATOS CA 95032 |
Clifford W. Henry | director | PO BOX 1148, ZEPHYR COVE NV 89449-1148 |
Madisson Gracee Corbett | director | 19355 BUSINESS CENTER DRIVE., #9, NORTHRIDGE CA 91324 |
James W Fuller | director | C/O BAYTREE CAPITAL ASSOCIATES LLC, 40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005 |
Andrey Novikov | director, officer: CHIEF TECHNOLOGY OFFICER | 19355 BUSINESS CENTER DRIVE , #9, NORTHRIDG CA 91324 |
William D. Corbett | director, officer: Chief Executive Officer | 1720 W DIVISION STREET, 3RD FLOOR, CHICAGO IL 606622 |
Jimmy I Gibbs | 10 percent owner | 9855 WARREN H. ABERNATHY HIGHWAY, SPARTANBURG SC 29301 |
Mark John Korb | officer: Chief Financial Officer | 1900 GLADES ROAD, SUITE 435, BOCA RATON FL 33431 |
Gaston Singh Pereira | director, officer: Chairman of the Board and CEO | 1900 GLADES ROAD, SUITE 265, BOCA RATON FL 33431 |
Sarmad Singh Harake | director | 1900 GLADES ROAD, SUITE 265, BOCA RATON NY 33431 |
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