Nordicus Partners (Nordicus Partners) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Nordicus Partners 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. Nordicus Partners's Operating Income for the three months ended in Dec. 2023 was $-0.08 Mil. Nordicus Partners's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Nordicus Partners has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Nordicus Partners Corp 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 Nordicus Partners's Interest Coverage or its related term are showing as below:

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

NORD's Interest Coverage is ranked better than
99.24% of 792 companies
in the Business Services industry
Industry Median: 13.34 vs NORD: 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.

Nordicus Partners Interest Coverage Historical Data

The historical data trend for Nordicus Partners'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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Nordicus Partners Interest Coverage Chart

Nordicus Partners Annual Data

Trend

Mar22

Mar23

Interest Coverage

No Debt

Nordicus Partners Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Nordicus Partners's Interest Coverage

For the Consulting Services subindustry, Nordicus Partners'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.

Nordicus Partners's Interest Coverage Distribution in the Business Services Industry

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

* The bar in red indicates where Nordicus Partners's Interest Coverage falls into.

Nordicus Partners 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.

Nordicus Partners's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Nordicus Partners's Interest Expense was $0.00 Mil. Its Operating Income was $-8.48 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Nordicus Partners had no debt ⁽¹⁾.

Nordicus Partners's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Nordicus Partners's Interest Expense was $0.00 Mil. Its Operating Income was $-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Nordicus Partners had no debt ⁽¹⁾.

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

Nordicus Partners (OTCPK:NORD) 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 .

Nordicus Partners Interest Coverage Related Terms

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

Nordicus Partners (Nordicus Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nordicus Partners Corp (OTCPK:NORD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3651 Lindell Road, Suite D565, Las Vegas, NV, USA, 89103

Website

https://www.nordicuspartners.com

Nordicus Partners Corp is a Denmark-based financial consulting company and wholly owned subsidiary of ekimas corporation, Specializing in providing Nordic companies with the best possible conditions to establish themselves on the us market, taking advantage of management's combined 90+ years of experience in the corporate sector, serving in different capacities both domestically and globally. The company's core competencies lie in assisting Danish as well as Nordic and international companies in different areas of corporate finance activities, such as business valuation, growth strategies, attracting capital for business & company acquisition, and sales.

Executives

Partners Aps Gk	10 percent owner	MESTERLODDEN 3B, GENTOFTE G7 2820
Henrik Rouf	10 percent owner	468 N. CAMDEN DR., SUITE 350, BEVERLY HILLS CA 90210
Henrik Oerbekker	10 percent owner	94, RUE DES AUBEPINES, L-1145, LUXEMBOURG N4 2449
Khristine L Carroll	officer: EVP Commercial Operations	229 ANDOVER STREET, WILMINGTON MA 01887
Mark R Tauscher	director
Oneill William J Jr	director	4000 HOLLYWOOD BLVD STE 650N, HOLLYWOOD FL 33021
Michael L Barretti	director	78 E OLYMPIA AVE, C/O CARDIO TECH INTERNATIONAL INC, WOBURN MA 01810-2057
Michael F Adams	director, officer: Chief Executive Officer	78 E OLYMPIA AVE, C/O CARDIO TECH INTERNATIONAL INC, WOBURN MA 01810-2057
David Crispino Volpe	officer: Chief Financial Officer	235 STONEBRIDGE DRIVE, NASHUA NH 03063
Eric G Walters	officer: Vice President and CFO	C/O MFIC CORP, 30 OSSIPEE RD., NEWTON MA 02464
Andrew Martin Reed	officer: VP of Science and Technology	12106 WEST 75TH LANE, ARVADA CO 80005
Philip Alan Beck	other: General manager	1230 CREEKSIDE CROSSING, STILLWATER MN 55082
Jeremiah E Dorsey	director	P.O. BOX 910, QUECHEE VT 05059
Leslie M Taeger	officer: CFO
Douglas E Whittaker	officer: President Gish Biomedical

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Nordicus Partners (Nordicus Partners) Interest Coverage : No Debt (1) (As of Dec. 2023)