HiWave Technologies (LSE:HIW) Interest Coverage : 0 (At Loss) (As of Sep. 2012)

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What is HiWave Technologies 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. HiWave Technologies's Operating Income for the six months ended in Sep. 2012 was £-1.52 Mil. HiWave Technologies's Interest Expense for the six months ended in Sep. 2012 was £-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

HiWave Technologies PLC has no debt.

The historical rank and industry rank for HiWave Technologies's Interest Coverage or its related term are showing as below:

LSE:HIW' s Interest Coverage Range Over the Past 10 Years
Min: 1000 Med: No Debt Max: No Debt
Current: No Debt

LSE:HIW's Interest Coverage is not ranked
in the Hardware industry.
Industry Median: 12.55 vs LSE:HIW: 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.

HiWave Technologies Interest Coverage Historical Data

The historical data trend for HiWave Technologies'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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HiWave Technologies Interest Coverage Chart

HiWave Technologies Annual Data

Trend

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Sep12

Interest Coverage

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No Debt

HiWave Technologies Semi-Annual Data
	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Mar12	Sep12
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	-	-	-

Competitive Comparison of HiWave Technologies's Interest Coverage

For the Electronic Components subindustry, HiWave Technologies'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.

HiWave Technologies's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, HiWave Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where HiWave Technologies's Interest Coverage falls into.

HiWave Technologies 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.

HiWave Technologies's Interest Coverage for the fiscal year that ended in Sep. 2012 is calculated as

Here, for the fiscal year that ended in Sep. 2012, HiWave Technologies's Interest Expense was £-0.01 Mil. Its Operating Income was £-3.30 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

HiWave Technologies did not have earnings to cover the interest expense.

HiWave Technologies's Interest Coverage for the quarter that ended in Sep. 2012 is calculated as

Here, for the six months ended in Sep. 2012, HiWave Technologies's Interest Expense was £-0.01 Mil. Its Operating Income was £-1.52 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

HiWave Technologies did not have earnings to cover the interest expense.

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

HiWave Technologies (LSE:HIW) 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 .

HiWave Technologies Interest Coverage Related Terms

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