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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. Xenetic Biosciences's Operating Income for the three months ended in Jun. 2024 was $-1.34 Mil. Xenetic Biosciences's Interest Expense for the three months ended in Jun. 2024 was $0.00 Mil. Xenetic Biosciences has no debt. The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Xenetic Biosciences Inc has no debt.
(1) 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.
The historical rank and industry rank for Xenetic Biosciences's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Xenetic Biosciences'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.
Xenetic Biosciences Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | No Debt | No Debt |
Xenetic Biosciences Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Interest Coverage | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | No Debt | No Debt |
For the Biotechnology subindustry, Xenetic Biosciences'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.
For the Biotechnology industry and Healthcare sector, Xenetic Biosciences's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Xenetic Biosciences's Interest Coverage falls into.
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.
Xenetic Biosciences'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, Xenetic Biosciences's Interest Expense was $0.00 Mil. Its Operating Income was $-4.52 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Xenetic Biosciences had no debt (1). |
Xenetic Biosciences's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as
Here, for the three months ended in Jun. 2024, Xenetic Biosciences's Interest Expense was $0.00 Mil. Its Operating Income was $-1.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Xenetic Biosciences had no debt (1). |
* 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.
Xenetic Biosciences (NAS:XBIO) 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 .
Thank you for viewing the detailed overview of Xenetic Biosciences's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Grigory G. Borisenko | director | 40 SPEEN STREET, SUITE 102, FRAMINGHAM MA 01701 |
Alexey Andreevich Vinogradov | director | C/O XENETIC BIOSCIENCES, INC., 40 SPEEN STREET, FRAMINGHAM MA 01701 |
Adam Logal | director | OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137 |
James Eric Callaway | director | 99 HAYDEN AVENUE, SUITE 230, LEXINGTON MA 02421 |
Dmitry Genkin | director | 99 HAYDEN AVENUE, SUITE 230, LEXINGTON MA 02421 |
James F Parslow | officer: Chief Financial Officer | C/O XENETIC BIOSCIENCES, INC., 99 HAYDEN AVENUE, SUITE 230, LEXINGTON MA 02421 |
Curtis Lockshin | officer: Chief Scientific Officer | 4400 BISCAYNE BOULEVARD, SUITE 950, MIAMI FL 33137 |
Benz Edward J. Jr | director | C/O DECIPHERA PHARMACEUTICALS, INC., 200 SMITH STREET, WALTHAM MA 02451 |
Roger D. Kornberg | director | 345 WALSH ROAD, ATHERTON CA 94027 |
Darlene M Deptula-hicks | director | C/O ICAD, INC., 98 SPIT BROOK ROAD, SUITE 100, NASHUA NH 03062 |
Jeffrey F Eisenberg | director | 99 HAYDEN AVENUE, SUITE 230, LEXINGTON MA 02421 |
Firdaus J. Dastoor | director | 99 HAYDEN AVENUE, SUITE 230, LEXINGTON MA 02421 |
Michael Scott Maguire | director | 99 HAYDEN AVENUE, SUITE 230, LEXINGTON MA 02421 |
Roman Knyazev | director | 99 HAYDEN AVENUE, SUITE 230, LEXINGTON MA 02421 |
Pharmsynthez Pjsc | 10 percent owner | 25 LITER KRASNOVO KURSANTA STREET, ST. PETERSBURG 1Z 197110 |
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