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Formuepleje Optimum A/S (OCSE:FPOPT) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Formuepleje Optimum A/S 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. Formuepleje Optimum A/S's Operating Income for the three months ended in . 20 was kr0.00 Mil. Formuepleje Optimum A/S's Interest Expense for the three months ended in . 20 was kr0.00 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 Formuepleje Optimum A/S's Interest Coverage or its related term are showing as below:


OCSE:FPOPT's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 45.56
* 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.


Formuepleje Optimum A/S Interest Coverage Historical Data

The historical data trend for Formuepleje Optimum A/S'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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Formuepleje Optimum A/S Interest Coverage Chart

Formuepleje Optimum A/S Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Interest Coverage
Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Formuepleje Optimum A/S Quarterly Data
Interest Coverage

Competitive Comparison of Formuepleje Optimum A/S's Interest Coverage

For the Asset Management subindustry, Formuepleje Optimum A/S'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.


Formuepleje Optimum A/S's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Formuepleje Optimum A/S's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Formuepleje Optimum A/S's Interest Coverage falls into.



Formuepleje Optimum A/S 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.

Formuepleje Optimum A/S's Interest Coverage for the fiscal year that ended in Jun. 2013 is calculated as

Here, for the fiscal year that ended in Jun. 2013, Formuepleje Optimum A/S's Interest Expense was kr0.00 Mil. Its Operating Income was kr33.35 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Formuepleje Optimum A/S had no debt (1).

Formuepleje Optimum A/S's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the three months ended in . 20, Formuepleje Optimum A/S's Interest Expense was kr0.00 Mil. Its Operating Income was kr0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Formuepleje Optimum A/S 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.


Formuepleje Optimum A/S  (OCSE:FPOPT) 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 .


Formuepleje Optimum A/S Interest Coverage Related Terms

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Formuepleje Optimum A/S (OCSE:FPOPT) Business Description

Traded in Other Exchanges
N/A
Address
Formuepleje Optimum A/S makes investments in Danish bonds and stocks and in international companies. Formuepleje Penta A/S is a division of Formuepleje A/S, an investment association based in Denmark.

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