Ondo InsurTech (LSE:ONDO) Interest Coverage : 0 (At Loss) (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Ondo InsurTech 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. Ondo InsurTech's Operating Income for the six months ended in Sep. 2024 was £-2.07 Mil. Ondo InsurTech's Interest Expense for the six months ended in Sep. 2024 was £-0.38 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 Ondo InsurTech's Interest Coverage or its related term are showing as below:

LSE:ONDO's Interest Coverage is not ranked ^*
in the Hardware industry.
Industry Median: 13.09
* 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.

Ondo InsurTech Interest Coverage Historical Data

The historical data trend for Ondo InsurTech'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.

Ondo InsurTech Interest Coverage Chart

Ondo InsurTech Annual Data

Trend

Feb22

Mar24

Interest Coverage

No Debt

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial			No Debt	N/A	-	-	-

Competitive Comparison of Ondo InsurTech's Interest Coverage

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.

Ondo InsurTech's Interest Coverage Distribution in the Hardware Industry

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

* The bar in red indicates where Ondo InsurTech's Interest Coverage falls into.

Save Embed

;

Save Embed

;

Ondo InsurTech 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.

Ondo InsurTech's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Ondo InsurTech's Interest Expense was £-0.63 Mil. Its Operating Income was £-3.23 Mil. And its Long-Term Debt & Capital Lease Obligation was £6.49 Mil.

Ondo InsurTech did not have earnings to cover the interest expense.

Ondo InsurTech's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Ondo InsurTech's Interest Expense was £-0.38 Mil. Its Operating Income was £-2.07 Mil. And its Long-Term Debt & Capital Lease Obligation was £6.87 Mil.

Ondo InsurTech did not have earnings to cover the interest expense.

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

Ondo InsurTech (LSE:ONDO) 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 .

Ondo InsurTech Interest Coverage Related Terms

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

Ondo InsurTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech Headlines

No Headlines