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Starcrest Education (LSE:OBOR) Interest Coverage : 0 (At Loss) (As of Jun. 2022)


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What is Starcrest Education 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. Starcrest Education's Operating Income for the six months ended in Jun. 2022 was £-0.21 Mil. Starcrest Education's Interest Expense for the six months ended in Jun. 2022 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.

(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 Starcrest Education's Interest Coverage or its related term are showing as below:


LSE:OBOR's Interest Coverage is not ranked *
in the Education industry.
Industry Median: 15.145
* 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.


Starcrest Education Interest Coverage Historical Data

The historical data trend for Starcrest Education'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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Starcrest Education Interest Coverage Chart

Starcrest Education Annual Data
Trend Dec18 Dec19 Dec20 Dec21
Interest Coverage
No Debt - No Debt No Debt

Starcrest Education Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt No Debt -

Competitive Comparison of Starcrest Education's Interest Coverage

For the Education & Training Services subindustry, Starcrest Education'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.


Starcrest Education's Interest Coverage Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Starcrest Education's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Starcrest Education's Interest Coverage falls into.



Starcrest Education 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.

Starcrest Education's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Starcrest Education's Interest Expense was £0.00 Mil. Its Operating Income was £-1.39 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Starcrest Education had no debt (1).

Starcrest Education's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the six months ended in Jun. 2022, Starcrest Education's Interest Expense was £-0.00 Mil. Its Operating Income was £-0.21 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

Starcrest Education 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.


Starcrest Education  (LSE:OBOR) 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 .


Starcrest Education Interest Coverage Related Terms

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Starcrest Education (LSE:OBOR) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Hutchins Drive, Cricket Square, P.O. Box 2681, Grand Cayman, CYM, KY1-1111
Starcrest Education Ltd is an international developer and operator of education services in Europe. The newly formed entity has been established to seek relevant acquisitions in the international education sector.

Starcrest Education (LSE:OBOR) Headlines