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Sylogist (TSX:SYZ) Interest Coverage : 2.00 (As of Sep. 2024)


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What is Sylogist 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. Sylogist's Operating Income for the three months ended in Sep. 2024 was C$0.69 Mil. Sylogist's Interest Expense for the three months ended in Sep. 2024 was C$-0.35 Mil. Sylogist's interest coverage for the quarter that ended in Sep. 2024 was 2.00. The higher the ratio, the stronger the company's financial strength is.

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

TSX:SYZ' s Interest Coverage Range Over the Past 10 Years
Min: 2.51   Med: No Debt   Max: No Debt
Current: 2.51


TSX:SYZ's Interest Coverage is ranked worse than
87.64% of 1618 companies
in the Software industry
Industry Median: 27.82 vs TSX:SYZ: 2.51

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


Sylogist Interest Coverage Historical Data

The historical data trend for Sylogist'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.

Sylogist Interest Coverage Chart

Sylogist Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt 40.90 31.20 2.95

Sylogist Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.17 4.28 1.70 1.92 2.00

Competitive Comparison of Sylogist's Interest Coverage

For the Software - Application subindustry, Sylogist'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.


Sylogist's Interest Coverage Distribution in the Software Industry

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

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



Sylogist 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.

Sylogist'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, Sylogist's Interest Expense was C$-1.93 Mil. Its Operating Income was C$5.68 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.24 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*5.682/-1.928
=2.95

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

Here, for the three months ended in Sep. 2024, Sylogist's Interest Expense was C$-0.35 Mil. Its Operating Income was C$0.69 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*0.693/-0.347
=2.00

* 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.


Sylogist  (TSX:SYZ) 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 .


Sylogist Interest Coverage Related Terms

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


Sylogist Business Description

Traded in Other Exchanges
Address
5 Richard Way South West, Suite 102, Calgary, AB, CAN, T3E 7M8
Sylogist Ltd is a software company that provides software-as-a-service (SaaS) solutions that provides ERP, CRM, fundraising, education administration, and payments solutions to education verticals. , including fund accounting, grant management, and payroll to public service organizations. The company's revenue is divided inti verticals, namely, SylogistMission, SylogistEd, SylogistGov, and SylogistServices. It receives maximum revenue in the form of SaaS subscriptions. Geographically, the company offers its services to the United States of America, Canada, the United Kingdom, and other regions. The majority of the revenue comes from the United States of America.
Executives
Taylor Gray Director
Tracy Edkins Director
Errol Olsen Director
Sujeet Kini Senior Officer
Xavier Shorter Senior Officer
Grant Mclarnon Senior Officer
Craig O'neill Director
William Craig Wood Director
Ian Murray Mckinnon Director
Donna Smiley Senior Officer
David Elder Senior Officer
James Townsend Senior Officer
Lester Fernandes Director
Barry Foster Director
Sylogist Ltd. Issuer

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