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TCHH (Trustcash Holdings) Interest Coverage : No Debt (1) (As of Jun. 2008)


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What is Trustcash Holdings 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. Trustcash Holdings's Operating Income for the three months ended in Jun. 2008 was $-0.34 Mil. Trustcash Holdings's Interest Expense for the three months ended in Jun. 2008 was $0.00 Mil. Trustcash Holdings has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Trustcash Holdings's Interest Coverage or its related term are showing as below:


TCHH's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 15.65
* 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.


Trustcash Holdings Interest Coverage Historical Data

The historical data trend for Trustcash Holdings'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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Trustcash Holdings Interest Coverage Chart

Trustcash Holdings Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07
Interest Coverage
No Debt No Debt No Debt No Debt N/A

Trustcash Holdings Quarterly Data
Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08
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 N/A N/A N/A N/A No Debt

Competitive Comparison of Trustcash Holdings's Interest Coverage

For the Business Equipment & Supplies subindustry, Trustcash Holdings'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.


Trustcash Holdings's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Trustcash Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Trustcash Holdings's Interest Coverage falls into.


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Trustcash Holdings 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.

Trustcash Holdings's Interest Coverage for the fiscal year that ended in Dec. 2007 is calculated as

Here, for the fiscal year that ended in Dec. 2007, Trustcash Holdings's Interest Expense was $0.00 Mil. Its Operating Income was $-1.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.70 Mil.

GuruFocus does not calculate Trustcash Holdings's interest coverage with the available data.

Trustcash Holdings's Interest Coverage for the quarter that ended in Jun. 2008 is calculated as

Here, for the three months ended in Jun. 2008, Trustcash Holdings's Interest Expense was $0.00 Mil. Its Operating Income was $-0.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Trustcash Holdings had no debt (1).

* 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.


Trustcash Holdings  (OTCPK:TCHH) 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 .


Trustcash Holdings Interest Coverage Related Terms

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


Trustcash Holdings Business Description

Traded in Other Exchanges
N/A
Address
3399 Peachtree Road, Suite 400, Atlanta, GA, USA, 30326
Website
Trustcash Holdings Inc, through its subsidiary, Trustcash, LLC, provides Trustcash(tm) payment card to its customers.
Executives
Francisco Kent Carasquero director, 10 percent owner, officer: President 1057 EAST 21ST AVENUE, CANADA, VANCOUVER BC A1 V5V 1S6

Trustcash Holdings Headlines

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