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Long Blockchain (Long Blockchain) Interest Coverage : 0 (At Loss) (As of Sep. 2018)


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What is Long Blockchain 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. Long Blockchain's Operating Income for the three months ended in Sep. 2018 was $-0.87 Mil. Long Blockchain's Interest Expense for the three months ended in Sep. 2018 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 Long Blockchain's Interest Coverage or its related term are showing as below:


LBCC's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.35
* 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.


Long Blockchain Interest Coverage Historical Data

The historical data trend for Long Blockchain'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.

Long Blockchain Interest Coverage Chart

Long Blockchain Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Coverage
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Long Blockchain Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of Long Blockchain's Interest Coverage

For the Software - Application subindustry, Long Blockchain'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.


Long Blockchain's Interest Coverage Distribution in the Software Industry

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

* The bar in red indicates where Long Blockchain's Interest Coverage falls into.



Long Blockchain 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.

Long Blockchain's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, Long Blockchain's Interest Expense was $-1.06 Mil. Its Operating Income was $-13.97 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.01 Mil.

Long Blockchain did not have earnings to cover the interest expense.

Long Blockchain's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Here, for the three months ended in Sep. 2018, Long Blockchain's Interest Expense was $-0.49 Mil. Its Operating Income was $-0.87 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Long Blockchain 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.


Long Blockchain  (OTCPK:LBCC) 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 .


Long Blockchain Interest Coverage Related Terms

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


Long Blockchain (Long Blockchain) Business Description

Traded in Other Exchanges
N/A
Address
12-1 Dubon Court, Farmingdale, NY, USA, 11735
Long Blockchain Corp is engaged in developing and investing in globally scalable blockchain technology solutions that create long term value for its shareholders and the wider community by investing in and developing businesses that are on-chain. It is also focused on providing loyalty, incentive, reward, and gift card programs to corporate and consumer brands. The companies other business includes non-alcohol ready-to-drink segment.

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