Volue ASA (OSL:VOLUE) Interest Coverage : 3.35 (As of Mar. 2024)

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What is Volue ASA 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. Volue ASA's Operating Income for the three months ended in Mar. 2024 was kr29 Mil. Volue ASA's Interest Expense for the three months ended in Mar. 2024 was kr-9 Mil. Volue ASA's interest coverage for the quarter that ended in Mar. 2024 was 3.35. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Volue ASA's Interest Coverage or its related term are showing as below:

OSL:VOLUE' s Interest Coverage Range Over the Past 10 Years
Min: 2.49 Med: 7.82 Max: 11
Current: 2.8

OSL:VOLUE's Interest Coverage is ranked worse than
86.64% of 1602 companies
in the Software industry
Industry Median: 29.785 vs OSL:VOLUE: 2.80

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

Volue ASA Interest Coverage Historical Data

The historical data trend for Volue ASA'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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Volue ASA Interest Coverage Chart

Volue ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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11.00

5.55

10.90

7.82

2.49

Volue ASA Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial														2.25	22.83	2.66	-	3.35

Competitive Comparison of Volue ASA's Interest Coverage

For the Software - Application subindustry, Volue ASA'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.

Volue ASA's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Volue ASA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Volue ASA's Interest Coverage falls into.

Volue ASA 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.

Volue ASA'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, Volue ASA's Interest Expense was kr-34 Mil. Its Operating Income was kr85 Mil. And its Long-Term Debt & Capital Lease Obligation was kr447 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	85.067	/	-34.195
	=	2.49

Volue ASA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Volue ASA's Interest Expense was kr-9 Mil. Its Operating Income was kr29 Mil. And its Long-Term Debt & Capital Lease Obligation was kr320 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	29.241	/	-8.733
	=	3.35

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

Volue ASA (OSL:VOLUE) 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 .

Volue ASA Interest Coverage Related Terms

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

Volue ASA (OSL:VOLUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Volue ASA (OSL:VOLUE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

VOLUEo:Sweden 642:Germany

Address

Christian Krohgs gate 16, Postboks 9008, Oslo, NOR, NO-0186

Website

https://www.volue.com

Volue ASA is engaged in investing in its own and managing companies and carrying out its business activities within IT and other software services. The company operates in three segments: Energy, Power Grid, and Infrastructure. The Energy segment delivers solutions that help customers master the energy transition by enabling wall-to-wall digitalization of the green energy value chain. The Power Grid segment enables power distributors to support the electrification of society by unlocking flexibility and digital management of the power grid. Some of its product categories are Water & Community software, Optimization and Trading Software, and Construction Software. The majority of the company's revenue comes from the Energy segment.

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