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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. Oracle Healthcare Acquisition's Operating Income for the three months ended in Dec. 2007 was $5.62 Mil. Oracle Healthcare Acquisition's Interest Expense for the three months ended in Dec. 2007 was $0.00 Mil. Oracle Healthcare Acquisition has no debt. 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 Oracle Healthcare Acquisition's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Oracle Healthcare Acquisition'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.
Oracle Healthcare Acquisition Annual Data | |||||||
Trend | Dec05 | Dec06 | Dec07 | ||||
Interest Coverage | No Debt | No Debt | No Debt |
Oracle Healthcare Acquisition Quarterly Data | ||||||||
Mar06 | Jun06 | Sep06 | Dec06 | Mar07 | Jun07 | Sep07 | Dec07 | |
Interest Coverage | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | No Debt | No Debt |
For the Medical Care Facilities subindustry, Oracle Healthcare Acquisition'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.
For the Healthcare Providers & Services industry and Healthcare sector, Oracle Healthcare Acquisition's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Oracle Healthcare Acquisition's Interest Coverage falls into.
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.
Oracle Healthcare Acquisition's Interest Coverage for the fiscal year that ended in Dec. 2007 is calculated as
Here, for the fiscal year that ended in Dec. 2007, Oracle Healthcare Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $5.23 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Oracle Healthcare Acquisition had no debt (1). |
Oracle Healthcare Acquisition's Interest Coverage for the quarter that ended in Dec. 2007 is calculated as
Here, for the three months ended in Dec. 2007, Oracle Healthcare Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $5.62 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Oracle Healthcare Acquisition 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.
Oracle Healthcare Acquisition (OTCPK:OHAQ) 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 .
Thank you for viewing the detailed overview of Oracle Healthcare Acquisition's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew M Weiss | 10 percent owner | 222 BERKELEY STREET, 16TH FLOOR, BOSTON MA 02116 |
Jeffrey Tannenbaum | 10 percent owner | 505 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10017 |
Fir Tree Inc. | 10 percent owner | 500 FIFTH AVENUE, 9TH FLOOR, NEW YORK NY 10110 |
Camellia Partners, Llc | 10 percent owner | 51 BEDFORD ROAD, SUITES 3 & 4, KATONAH NY 10536 |
Andrew Fredman | 10 percent owner | 7301 SW 57TH COURT, SUITE 410, SOUTH MIAMI FL 33143 |
Fir Tree, L.l.c. | 10 percent owner | 505 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10017 |
Per Gh Lofberg | director | C/O MERCK CAPITAL VENTURES, 50 TICE BLVD, WOODCLIFF NJ 07677 |
Larry N Feinberg | director, 10 percent owner | C/O ORACLE PARTNERS L P, 200 GREENWICH AVENUE, GREENWICH CT 06830 |
George Bickerstaff | director | C/O VION PHARMACEUTICALS, INC., 4 SCIENCE PARK, NEW HAVEN CT 06511 |
Kevin C Johnson | director | 12 KEELERS RIDGE ROAD, WILTON CT 06897 |
Mark A Radzik | officer: CFO & Secretary | |
Joel D Liffman | director, officer: President and COO | C/O ORACLE STRATEGIES PARTNERS, L.P., 712 FIFTH AVENUE, 45TH FLOOR, NEW YORK NY 10019 |
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