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Sonim Technologies (STU:2W9A) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Sonim Technologies 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. Sonim Technologies's Operating Income for the three months ended in Dec. 2023 was €-1.15 Mil. Sonim Technologies's Interest Expense for the three months ended in Dec. 2023 was €-0.00 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 Sonim Technologies's Interest Coverage or its related term are showing as below:

STU:2W9A' s Interest Coverage Range Over the Past 10 Years
Min: 2.95   Med: 18.58   Max: 34.2
Current: 34.2


STU:2W9A's Interest Coverage is ranked better than
67.72% of 1589 companies
in the Hardware industry
Industry Median: 12.53 vs STU:2W9A: 34.20

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


Sonim Technologies Interest Coverage Historical Data

The historical data trend for Sonim Technologies'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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Sonim Technologies Interest Coverage Chart

Sonim Technologies Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial - - N/A - 33.57

Sonim Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 137.80 107.50 -

Competitive Comparison of Sonim Technologies's Interest Coverage

For the Communication Equipment subindustry, Sonim Technologies'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.


Sonim Technologies's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sonim Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Sonim Technologies's Interest Coverage falls into.



Sonim Technologies 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.

Sonim Technologies'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, Sonim Technologies's Interest Expense was €-0.01 Mil. Its Operating Income was €0.47 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*0.47/-0.014
=33.57

Sonim Technologies's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Sonim Technologies's Interest Expense was €-0.00 Mil. Its Operating Income was €-1.15 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Sonim Technologies 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.


Sonim Technologies  (STU:2W9A) 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 .


Sonim Technologies Interest Coverage Related Terms

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


Sonim Technologies (STU:2W9A) Business Description

Traded in Other Exchanges
Address
4445 Eastgate Mall, Suite 200, San Diego, CA, USA, 92121
Sonim Technologies Inc is a provider of ultra-rugged mobile devices, including phones and accessories designed specifically for task workers physically engaged in their work environments, often in mission-critical roles. The company sells mobile phones, accessories, and solutions to AT&T, T-Mobile, and Verizon in the United States, and to Bell, Rogers, and Telus Mobility in Canada. These products include rugged mobile phones that can attach to both public and private wireless networks, industrial-grade accessories that meet the requirements of specific applications and software applications, and cloud-based tools that provide management and deployment services to customers. The company generates revenue from discounts, price protection, and customer incentives.

Sonim Technologies (STU:2W9A) Headlines

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