VXIT (VirExit Technologies) Interest Coverage: 0 (At Loss) (As of May. 2019)


What is VirExit Technologies Interest Coverage?

VirExit Technologies VXIT Interest Coverage is 0 (At Loss) as of May. 2019.

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. VirExit Technologies's Operating Income for the three months ended in May. 2019 was $-0.19 Mil. VirExit Technologies's Interest Expense for the three months ended in May. 2019 was $-0.06 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 VirExit Technologies's Interest Coverage or its related term are showing as below:


VXIT's Interest Coverage is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 2.915
* 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.

VirExit Technologies  (OTCPK:VXIT) 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 .

VirExit Technologies Interest Coverage Related Terms

VirExit Technologies Interest Coverage Historical Data

* Premium members only.

The historical data trend for VirExit 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.

VirExit Technologies Interest Coverage Chart

VirExit Technologies Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18
Interest Coverage
No Debt No Debt 0.00 0.00 0.00

VirExit Technologies Quarterly Data
Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
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 0.00 0.00 0.00 0.00 0.00

VXIT vs RIHT, GEQU, NNUP: Interest Coverage Comparison

For the Utilities - Renewable subindustry, VirExit 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.

VirExit Technologies Interest Coverage vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, VirExit Technologies's Interest Coverage distribution charts can be found below:

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


VirExit 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.

VirExit Technologies's Interest Coverage for the fiscal year that ended in Aug. 2018 is calculated as

Here, for the fiscal year that ended in Aug. 2018, VirExit Technologies's Interest Expense was $-0.20 Mil. Its Operating Income was $-0.77 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

VirExit Technologies did not have earnings to cover the interest expense.

VirExit Technologies's Interest Coverage for the quarter that ended in May. 2019 is calculated as

Here, for the three months ended in May. 2019, VirExit Technologies's Interest Expense was $-0.06 Mil. Its Operating Income was $-0.19 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

VirExit 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0 (At Loss) mean?
VirExit Technologies (VXIT) has a Interest Coverage of 0 (At Loss) as of May. 2019. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on VirExit Technologies and its competitors.
Is VirExit Technologies' Interest Coverage too high?
VirExit Technologies' current Interest Coverage is 0 (At Loss).
How does VirExit Technologies' Interest Coverage compare to RIHT and GEQU?
VirExit Technologies' Interest Coverage of 0 (At Loss) can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Interest Coverage is 2.92. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Utilities - Independent Power Producers company?
The median Interest Coverage among Utilities - Independent Power Producers companies is 2.92, based on 320 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on VirExit Technologies and its competitors. For the Utilities - Independent Power Producers industry, the median Interest Coverage is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VirExit Technologies's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VirExit Technologies stock overvalued right now?
VirExit Technologies (VXIT) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For VirExit Technologies (VXIT), the current Interest Coverage is 0 (At Loss) as of May. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VirExit Technologies Business Description

Address 1280 Lexington Avenue, FRNT 2 No.1292, New York, NY, USA, 10028
VirExit Technologies Inc is established as a renewable energy company, incubating solar technologies to establish electrification, education, connectivity, and media distribution infrastructures in rural communities across the globe to empower the individual, community, and local economy.