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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. Resonant's Operating Income for the three months ended in Dec. 2021 was $-9.09 Mil. Resonant's Interest Expense for the three months ended in Dec. 2021 was $-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Resonant'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 Resonant'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.
Resonant Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | No Debt | No Debt | - | - | - |
Resonant Quarterly Data | ||||||||||||||||||||
Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | |
Interest Coverage | Get a 7-Day Free Trial | - | N/A | - | - | - |
For the Semiconductors subindustry, Resonant'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 Semiconductors industry and Technology sector, Resonant's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Resonant'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.
Resonant's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as
Here, for the fiscal year that ended in Dec. 2021, Resonant's Interest Expense was $-0.02 Mil. Its Operating Income was $-35.95 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.21 Mil.
Resonant did not have earnings to cover the interest expense. |
Resonant's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as
Here, for the three months ended in Dec. 2021, Resonant's Interest Expense was $-0.01 Mil. Its Operating Income was $-9.09 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.21 Mil.
Resonant did not have earnings to cover the interest expense. |
* 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.
Resonant (NAS:RESN) 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 Resonant's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
George B Holmes | director, officer: Chief Executive Officer | C/O RESONANT INC., 10900 STONELAKE BLVD., SUITE 100, OFFICE, AUSTIN TX 78759 |
Neal Fenzi | officer: Chief Technology Officer | C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117 |
Dylan Kelly | officer: Chief Operating Officer | C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117 |
Martin S Mcdermut | officer: Chief Financial Officer | C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759 |
Marybeth Carberry | officer: Exec VP of Business Operations | C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117 |
Alan B Howe | director | 1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081 |
Robert L. Tirva | director | C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759 |
Ruben Caballero | director | C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759 |
Michael J Fox | director | C/O PARK CITY CAPITAL, LLC, 100 CRESCENT COURT SUITE 700, DALLAS TX 75201 |
Joshua Jacobs | director | 9917 LA TUNA CANYON ROAD, SUN VALLEY CA 91352 |
Jean F Rankin | director | 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109 |
Jack H Jacobs | director | 101 OAKS ROAD, MILLINGTON NJ 07946 |
Robert B Hammond | officer: Co-Chief Technology Officer | C/O RESONANT INC., 175 CREMONA DRIVE, SUITE 200, GOLETA CA 93117 |
Park City Capital, Llc | director | 12400 COIT ROAD, SUITE 800, DALLAS TX 75251 |
Longboard Capital Advisors, Llc | 10 percent owner | 9665 WILSHIRE BLVD., SUITE 430, BEVERLY HILLS CA 90212 |
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