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iWOW Technology (SGX:NXR) Interest Coverage : 0 (At Loss) (As of Sep. 2024)


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What is iWOW Technology 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. iWOW Technology's Operating Income for the six months ended in Sep. 2024 was S$-0.11 Mil. iWOW Technology's Interest Expense for the six months ended in Sep. 2024 was S$-0.04 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 iWOW Technology's Interest Coverage or its related term are showing as below:

SGX:NXR' s Interest Coverage Range Over the Past 10 Years
Min: 0.98   Med: 20.66   Max: 64.16
Current: 48.05


SGX:NXR's Interest Coverage is ranked better than
58.15% of 1613 companies
in the Software industry
Industry Median: 27.86 vs SGX:NXR: 48.05

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


iWOW Technology Interest Coverage Historical Data

The historical data trend for iWOW Technology'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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iWOW Technology Interest Coverage Chart

iWOW Technology Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Coverage
Get a 7-Day Free Trial 0.98 14.61 20.66 56.92 64.16

iWOW Technology Semi-Annual Data
Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 109.96 24.59 9.33 131.45 -

Competitive Comparison of iWOW Technology's Interest Coverage

For the Software - Application subindustry, iWOW Technology'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.


iWOW Technology's Interest Coverage Distribution in the Software Industry

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

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



iWOW Technology 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.

iWOW Technology's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, iWOW Technology's Interest Expense was S$-0.05 Mil. Its Operating Income was S$3.14 Mil. And its Long-Term Debt & Capital Lease Obligation was S$0.23 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2024 )/Interest Expense (A: Mar. 2024 )
=-1*3.144/-0.049
=64.16

iWOW Technology's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, iWOW Technology's Interest Expense was S$-0.04 Mil. Its Operating Income was S$-0.11 Mil. And its Long-Term Debt & Capital Lease Obligation was S$0.82 Mil.

iWOW Technology 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.


iWOW Technology  (SGX:NXR) 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 .


iWOW Technology Interest Coverage Related Terms

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


iWOW Technology Business Description

Traded in Other Exchanges
N/A
Address
Block 1004, Toa Payoh North No. 02-17, Singapore, SGP, 318995
iWOW Technology Ltd is a technology provider specializing in integrated wireless IOT solutions offered as a service. It combines custom-designed hardware with cloud-based software to create end-to-end IoT solutions that help clients to digitalize businesses. It offers IoT solutions in Smart Metering, Smart Tracking, and Smart City Applications.

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