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Image Scan Holdings (LSE:IGE) Interest Coverage : 0 (At Loss) (As of Mar. 2025)


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What is Image Scan Holdings 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. Image Scan Holdings's Operating Income for the six months ended in Mar. 2025 was £-0.43 Mil. Image Scan Holdings's Interest Expense for the six months ended in Mar. 2025 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.

The historical rank and industry rank for Image Scan Holdings's Interest Coverage or its related term are showing as below:


LSE:IGE's Interest Coverage is not ranked *
in the Business Services industry.
Industry Median: 13.32
* 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.


Image Scan Holdings Interest Coverage Historical Data

The historical data trend for Image Scan Holdings'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.

Image Scan Holdings Interest Coverage Chart

Image Scan Holdings Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A - 15.83 40.40

Image Scan Holdings Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.80 76.00 - 81.00 -

Competitive Comparison of Image Scan Holdings's Interest Coverage

For the Security & Protection Services subindustry, Image Scan Holdings'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.


Image Scan Holdings's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Image Scan Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Image Scan Holdings's Interest Coverage falls into.


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Image Scan Holdings 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.

Image Scan Holdings's Interest Coverage for the fiscal year that ended in Sep. 2024 is calculated as

Here, for the fiscal year that ended in Sep. 2024, Image Scan Holdings's Interest Expense was £-0.01 Mil. Its Operating Income was £0.20 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.10 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2024 )/Interest Expense (A: Sep. 2024 )
=-1*0.202/-0.005
=40.40

Image Scan Holdings's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, Image Scan Holdings's Interest Expense was £-0.00 Mil. Its Operating Income was £-0.43 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Image Scan Holdings 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.


Image Scan Holdings  (LSE:IGE) 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 .


Image Scan Holdings Interest Coverage Related Terms

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Image Scan Holdings Business Description

Traded in Other Exchanges
Address
Sileby Road, 16-18 Hayhill Industrial Estate, Loughborough, Barrow-upon-Soar, Leicestershire, GBR, LE12 8LD
Image Scan Holdings PLC is an x-ray technology specialist operating globally in the security and industrial inspection sectors. Its principal activity is designing, manufacturing, and supply of portable and fixed x-ray security screening systems to governments, security organizations, and law enforcement agencies. It has only one business segment, being the continuing development and sale of X-ray imaging techniques and products. The company geographically operates in UK, Europe, the Middle East and Africa, Asia, Indian Subcontinent and America, out of which it derives maximum revenue from the Middle East and Africa.