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Global Invacom Group (SGX:QS9) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is Global Invacom Group 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. Global Invacom Group's Operating Income for the six months ended in Jun. 2023 was S$-3.18 Mil. Global Invacom Group's Interest Expense for the six months ended in Jun. 2023 was S$-0.23 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 Global Invacom Group's Interest Coverage or its related term are showing as below:


SGX:QS9's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 12.86
* 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.


Global Invacom Group Interest Coverage Historical Data

The historical data trend for Global Invacom Group'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.

Global Invacom Group Interest Coverage Chart

Global Invacom Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.71 - 2.15 - -

Global Invacom Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - - - - -

Competitive Comparison of Global Invacom Group's Interest Coverage

For the Communication Equipment subindustry, Global Invacom Group'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.


Global Invacom Group's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Global Invacom Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Global Invacom Group's Interest Coverage falls into.



Global Invacom Group 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.

Global Invacom Group's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Global Invacom Group's Interest Expense was S$-0.65 Mil. Its Operating Income was S$-12.09 Mil. And its Long-Term Debt & Capital Lease Obligation was S$2.16 Mil.

Global Invacom Group did not have earnings to cover the interest expense.

Global Invacom Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Global Invacom Group's Interest Expense was S$-0.23 Mil. Its Operating Income was S$-3.18 Mil. And its Long-Term Debt & Capital Lease Obligation was S$1.95 Mil.

Global Invacom Group 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.


Global Invacom Group  (SGX:QS9) 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 .


Global Invacom Group Interest Coverage Related Terms

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Global Invacom Group (SGX:QS9) Business Description

Traded in Other Exchanges
N/A
Address
7 Temasek Boulevard, Level 32, Suntec Tower One, Singapore, SGP, 038987
Global Invacom Group Ltd is a fully integrated satellite communications equipment provider. The company develops, manufactures, and supplies satellite and TV peripheral equipment to the direct broadcast satellite and VSAT markets. The business of the group is organized into the following product segments: Satellite Communications and Contract Manufacturing. The Satellite Communications segment, which is the key revenue driver, is engaged in the development, design, and manufacture of products for the satellite ground equipment market. It has geographical operations in Asia, America, Europe, and the Rest of the World.

Global Invacom Group (SGX:QS9) Headlines

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