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INVL Technology UTIB (OVSE:INC1L) Interest Coverage : 57.73 (As of Jun. 2024)


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What is INVL Technology UTIB 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. INVL Technology UTIB's Operating Income for the six months ended in Jun. 2024 was €0.64 Mil. INVL Technology UTIB's Interest Expense for the six months ended in Jun. 2024 was €-0.01 Mil. INVL Technology UTIB's interest coverage for the quarter that ended in Jun. 2024 was 57.73. 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. INVL Technology UTIB has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for INVL Technology UTIB's Interest Coverage or its related term are showing as below:

OVSE:INC1L' s Interest Coverage Range Over the Past 10 Years
Min: 4.67   Med: 5369.43   Max: No Debt
Current: 347.06


OVSE:INC1L's Interest Coverage is ranked better than
63.66% of 443 companies
in the Asset Management industry
Industry Median: 51.15 vs OVSE:INC1L: 347.06

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


INVL Technology UTIB Interest Coverage Historical Data

The historical data trend for INVL Technology UTIB'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.

* Premium members only.

INVL Technology UTIB Interest Coverage Chart

INVL Technology UTIB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt 738.86

INVL Technology UTIB Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt 801.71 57.73

Competitive Comparison of INVL Technology UTIB's Interest Coverage

For the Asset Management subindustry, INVL Technology UTIB'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.


INVL Technology UTIB's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, INVL Technology UTIB's Interest Coverage distribution charts can be found below:

* The bar in red indicates where INVL Technology UTIB's Interest Coverage falls into.



INVL Technology UTIB 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.

INVL Technology UTIB'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, INVL Technology UTIB's Interest Expense was €-0.01 Mil. Its Operating Income was €5.17 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*5.172/-0.007
=738.86

INVL Technology UTIB's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, INVL Technology UTIB's Interest Expense was €-0.01 Mil. Its Operating Income was €0.64 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*0.635/-0.011
=57.73

* 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.


INVL Technology UTIB  (OVSE:INC1L) 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 .


INVL Technology UTIB Interest Coverage Related Terms

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


INVL Technology UTIB Business Description

Traded in Other Exchanges
N/A
Address
Gyneju Street 14, Vilnius, LTU, LT-01109
INVL Technology UTIB operates as a closed-end fund (CEF) that invests in and develops European IT businesses. The company is headquartered in Vilnius and listed on the Nasdaq Vilnius stock exchange. INVL Technology owns 3 company groups: Novian (a Baltic IT company), NRD Companies (a GovTech company) and NRD Cyber Security (a cyber security company). INVL Technology develops businesses in order to create value for shareholders. Geographically it operates in various countries in Europe, Central America, South and Southeast Asia, and Sub-Saharan Africa.

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