WOK (WORK Medical Technology Group) Interest Coverage : 0 (At Loss) (As of Sep. 2024)

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What is WORK Medical Technology Group 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. WORK Medical Technology Group's Operating Income for the six months ended in Sep. 2024 was $-3.54 Mil. WORK Medical Technology Group's Interest Expense for the six months ended in Sep. 2024 was $-0.31 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 WORK Medical Technology Group's Interest Coverage or its related term are showing as below:

WOK's Interest Coverage is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 17.235
* 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.

WORK Medical Technology Group Interest Coverage Historical Data

The historical data trend for WORK Medical Technology Group'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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WORK Medical Technology Group Interest Coverage Chart

WORK Medical Technology Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

Interest Coverage

23.03

23.25

5.17

1.24

WORK Medical Technology Group Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial			7.82	12.27	-	-	-

Competitive Comparison of WORK Medical Technology Group's Interest Coverage

For the Medical Devices subindustry, WORK Medical Technology Group'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.

WORK Medical Technology Group's Interest Coverage Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where WORK Medical Technology Group's Interest Coverage falls into.

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WORK Medical Technology Group 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.

WORK Medical Technology Group's Interest Coverage for the fiscal year that ended in Sep. 2024 is calculated as

Here, for the fiscal year that ended in Sep. 2024, WORK Medical Technology Group's Interest Expense was $-0.56 Mil. Its Operating Income was $-3.70 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

WORK Medical Technology Group did not have earnings to cover the interest expense.

WORK Medical Technology Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, WORK Medical Technology Group's Interest Expense was $-0.31 Mil. Its Operating Income was $-3.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

WORK Medical Technology Group did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

WORK Medical Technology Group (NAS:WOK) 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 .

WORK Medical Technology Group Interest Coverage Related Terms

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WORK Medical Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » WORK Medical Technology Group Ltd (NAS:WOK) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 23, No. 2 Tonghuinan Road, Xiaoshan District, Zhejiang Province, Hangzhou, CHN

Website

https://www.workmedtech.com

WORK Medical Technology Group Ltd is engaged in manufacturing and selling medical consumables through its wholly owned subsidiaries in the People's Republic of China. The Company's main products include medical face masks, tourniquets, airways, breathing circuits, intubation accessories, anesthesia kits, oxygen masks, suction sets, laryngoscope blades, KN95 masks, and other disposable medical devices, as well as medical equipment.