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WLSI (Wellstar International) Interest Coverage : 0 (At Loss) (As of Oct. 2010)


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What is Wellstar International 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. Wellstar International's Operating Income for the three months ended in Oct. 2010 was $-0.45 Mil. Wellstar International's Interest Expense for the three months ended in Oct. 2010 was $-0.44 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 Wellstar International's Interest Coverage or its related term are showing as below:


WLSI's Interest Coverage is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 17.5
* 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.


Wellstar International Interest Coverage Historical Data

The historical data trend for Wellstar International'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.

Wellstar International Interest Coverage Chart

Wellstar International Annual Data
Trend Jul04 Jul06 Jul07 Jul08 Jul09 Jul10
Interest Coverage
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Wellstar International Quarterly Data
Jan06 Apr06 Jul06 Oct06 Jan07 Apr07 Jul07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10
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Competitive Comparison of Wellstar International's Interest Coverage

For the Medical Devices subindustry, Wellstar International'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.


Wellstar International's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Wellstar International's Interest Coverage distribution charts can be found below:

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


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Wellstar International 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.

Wellstar International's Interest Coverage for the fiscal year that ended in Jul. 2010 is calculated as

Here, for the fiscal year that ended in Jul. 2010, Wellstar International's Interest Expense was $-0.96 Mil. Its Operating Income was $-1.80 Mil. And its Long-Term Debt & Capital Lease Obligation was $18.86 Mil.

Wellstar International did not have earnings to cover the interest expense.

Wellstar International's Interest Coverage for the quarter that ended in Oct. 2010 is calculated as

Here, for the three months ended in Oct. 2010, Wellstar International's Interest Expense was $-0.44 Mil. Its Operating Income was $-0.45 Mil. And its Long-Term Debt & Capital Lease Obligation was $19.72 Mil.

Wellstar International 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.


Wellstar International  (OTCPK:WLSI) 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 .


Wellstar International Interest Coverage Related Terms

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


Wellstar International Business Description

Traded in Other Exchanges
N/A
Address
6911 Pilliod Road, Holland, OH, USA, 43528
Wellstar International Inc through its wholly owned subsidiary, Trillennium Medical Imaging, Inc. is engaged in developing and licensing the use of advanced thermal imaging technology (TMI SYSTEM) in the consumer health care markets worldwide.

Wellstar International Headlines

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