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Resonant (Resonant) Interest Coverage : 0 (At Loss) (As of Dec. 2021)


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What is Resonant 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. 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:


RESN's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 20.19
* 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.


Resonant Interest Coverage Historical Data

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.

* Premium members only.

Resonant Interest Coverage Chart

Resonant Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 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 - N/A - - -

Competitive Comparison of Resonant's Interest Coverage

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.


Resonant's Interest Coverage Distribution in the Semiconductors Industry

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.



Resonant 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.

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 .


Resonant Interest Coverage Related Terms

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.


Resonant (Resonant) Business Description

Traded in Other Exchanges
N/A
Address
10900 Stonelake Boulevard, Suite 100, Office 02-130, Austin, TX, USA, 78759
Resonant Inc is a late-stage development company. It is developing software, intellectual property and a services platform to increase designer efficiency, reduce time to market and lower unit cost in the design of filters for radio frequency front ends for the mobile device industry. It operates in a single segment to design radio frequency filters. The group has a business presence in Japan, China and Other countries, of which key revenue is derived from Japan.
Executives
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