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ATW Tech (TSXV:ATW) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is ATW Tech 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. ATW Tech's Operating Income for the three months ended in Sep. 2023 was C$-0.74 Mil. ATW Tech's Interest Expense for the three months ended in Sep. 2023 was C$-0.09 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 ATW Tech's Interest Coverage or its related term are showing as below:


TSXV:ATW's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.785
* 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.


ATW Tech Interest Coverage Historical Data

The historical data trend for ATW Tech'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.

ATW Tech Interest Coverage Chart

ATW Tech Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
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ATW Tech Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of ATW Tech's Interest Coverage

For the Software - Infrastructure subindustry, ATW Tech'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.


ATW Tech's Interest Coverage Distribution in the Software Industry

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

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



ATW Tech 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.

ATW Tech'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, ATW Tech's Interest Expense was C$-0.20 Mil. Its Operating Income was C$-2.08 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

ATW Tech did not have earnings to cover the interest expense.

ATW Tech's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, ATW Tech's Interest Expense was C$-0.09 Mil. Its Operating Income was C$-0.74 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.08 Mil.

ATW Tech 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.


ATW Tech  (TSXV:ATW) 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 .


ATW Tech Interest Coverage Related Terms

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


ATW Tech (TSXV:ATW) Business Description

Traded in Other Exchanges
N/A
Address
1050 de la Montagne Street, Suite 400, Montreal, QC, CAN, H3G 1Y8
ATW Tech Inc is a financial technology company owning several web platforms including VoxTel, VuduMobile, Option.vote and Bloomed. The Communication segment offers various interactive communication and payment solutions, including carrier billing. Its Psychometric assessment segment offered assistance to businesses and mass markets in talent optimization and human capital development. Geographic segments include Canada, the United States, Europe, and other countries of which Europe region generates maximum revenue.
Executives
Groupe Gestion G5 Inc. 10% Security Holder
André Imbeau 10% Security Holder

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