Tan Delta Systems (LSE:TAND) Interest Coverage : N/A (As of Dec. 2023)

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What is Tan Delta Systems 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. Tan Delta Systems's Operating Income for the six months ended in Dec. 2023 was £0.00 Mil. Tan Delta Systems's Interest Expense for the six months ended in Dec. 2023 was £0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Tan Delta Systems plc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Tan Delta Systems's Interest Coverage or its related term are showing as below:

LSE:TAND' s Interest Coverage Range Over the Past 10 Years
Min: 2 Med: 24.67 Max: 108.5
Current: 108.5

LSE:TAND's Interest Coverage is ranked better than
84.36% of 761 companies
in the Oil & Gas industry
Industry Median: 6.65 vs LSE:TAND: 108.50

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Tan Delta Systems Interest Coverage Historical Data

The historical data trend for Tan Delta Systems'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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Tan Delta Systems Interest Coverage Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

2.00

47.33

Tan Delta Systems Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			N/A	6.25	N/A	44.25	N/A

Competitive Comparison of Tan Delta Systems's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, Tan Delta Systems'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.

Tan Delta Systems's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tan Delta Systems's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tan Delta Systems's Interest Coverage falls into.

Tan Delta Systems 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.

Tan Delta Systems's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Tan Delta Systems's Interest Expense was £-0.01 Mil. Its Operating Income was £-0.48 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.07 Mil.

Tan Delta Systems did not have earnings to cover the interest expense.

Tan Delta Systems's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Tan Delta Systems's Interest Expense was £0.00 Mil. Its Operating Income was £0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.07 Mil.

GuruFocus does not calculate Tan Delta Systems's interest coverage with the available data.

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

Tan Delta Systems (LSE:TAND) 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 .

Tan Delta Systems Interest Coverage Related Terms

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Tan Delta Systems (LSE:TAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (LSE:TAND) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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