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InvestAcc Group (LSE:INAC) Interest Coverage : No Debt (1) (As of Jun. 2024)


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What is InvestAcc Group 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. InvestAcc Group's Operating Income for the six months ended in Jun. 2024 was £-1.11 Mil. InvestAcc Group's Interest Expense for the six months ended in Jun. 2024 was £0.00 Mil. InvestAcc Group has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

InvestAcc Group Ltd has no debt.

(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 InvestAcc Group's Interest Coverage or its related term are showing as below:

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


LSE:INAC's Interest Coverage is ranked better than
99.55% of 444 companies
in the Asset Management industry
Industry Median: 52.395 vs LSE:INAC: 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.


InvestAcc Group Interest Coverage Historical Data

The historical data trend for InvestAcc Group'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.

InvestAcc Group Interest Coverage Chart

InvestAcc Group Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Interest Coverage
No Debt No Debt No Debt No Debt

InvestAcc Group Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Interest Coverage No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of InvestAcc Group's Interest Coverage

For the Asset Management subindustry, InvestAcc Group'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.


InvestAcc Group's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, InvestAcc Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where InvestAcc Group's Interest Coverage falls into.



InvestAcc Group 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.

InvestAcc Group's Interest Coverage for the fiscal year that ended in Jun. 2024 is calculated as

Here, for the fiscal year that ended in Jun. 2024, InvestAcc Group's Interest Expense was £0.00 Mil. Its Operating Income was £-2.08 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

InvestAcc Group had no debt (1).

InvestAcc Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, InvestAcc Group's Interest Expense was £0.00 Mil. Its Operating Income was £-1.11 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

InvestAcc Group had no debt (1).

* 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.


InvestAcc Group  (LSE:INAC) 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 .


InvestAcc Group Interest Coverage Related Terms

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


InvestAcc Group Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Solway House Business Park, Kingstown, Carlisle, GBR, CA6 4BY
InvestAcc Group Ltd is engaged in personal pension schemes SIPP and SSAS provider, working with authorized financial advisers throughout the UK.

InvestAcc Group Headlines

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