Compu Clearing Outsourcing (JSE:CCL) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2014)

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What is Compu Clearing Outsourcing 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. Compu Clearing Outsourcing's Operating Income for the six months ended in Dec. 2014 was R8.48 Mil. Compu Clearing Outsourcing's Interest Expense for the six months ended in Dec. 2014 was R0.00 Mil. Compu Clearing Outsourcing has no debt. 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 Compu Clearing Outsourcing's Interest Coverage or its related term are showing as below:

JSE:CCL' s Interest Coverage Range Over the Past 10 Years
Min: 0 Med: 0 Max: No Debt
Current: No Debt

JSE:CCL's Interest Coverage is not ranked
in the Software industry.
Industry Median: 29.825 vs JSE:CCL: No Debt

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Compu Clearing Outsourcing Interest Coverage Historical Data

The historical data trend for Compu Clearing Outsourcing'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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Compu Clearing Outsourcing Interest Coverage Chart

Compu Clearing Outsourcing Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Interest Coverage

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No Debt

112.87

No Debt

Compu Clearing Outsourcing Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
Interest Coverage	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Compu Clearing Outsourcing's Interest Coverage

For the Information Technology Services subindustry, Compu Clearing Outsourcing'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.

Compu Clearing Outsourcing's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Compu Clearing Outsourcing's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Compu Clearing Outsourcing's Interest Coverage falls into.

Compu Clearing Outsourcing 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.

Compu Clearing Outsourcing's Interest Coverage for the fiscal year that ended in Jun. 2014 is calculated as

Here, for the fiscal year that ended in Jun. 2014, Compu Clearing Outsourcing's Interest Expense was R0.00 Mil. Its Operating Income was R17.48 Mil. And its Long-Term Debt & Capital Lease Obligation was R0.00 Mil.

Compu Clearing Outsourcing had no debt ⁽¹⁾.

Compu Clearing Outsourcing's Interest Coverage for the quarter that ended in Dec. 2014 is calculated as

Here, for the six months ended in Dec. 2014, Compu Clearing Outsourcing's Interest Expense was R0.00 Mil. Its Operating Income was R8.48 Mil. And its Long-Term Debt & Capital Lease Obligation was R0.00 Mil.

Compu Clearing Outsourcing had no debt ⁽¹⁾.

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

Compu Clearing Outsourcing (JSE:CCL) 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 .

Compu Clearing Outsourcing Interest Coverage Related Terms

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