GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jetcon Corp Ltd (XJAM:JETCON) » Definitions » Interest Coverage

Jetcon (XJAM:JETCON) Interest Coverage : 0 (At Loss) (As of . 20)


View and export this data going back to 2016. Start your Free Trial

What is Jetcon 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. Jetcon's Operating Income for the six months ended in . 20 was JMD0.00 Mil. Jetcon's Interest Expense for the six months ended in . 20 was JMD0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(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 Jetcon's Interest Coverage or its related term are showing as below:


XJAM:JETCON's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.055
* 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.


Jetcon Interest Coverage Historical Data

The historical data trend for Jetcon'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.

Jetcon Interest Coverage Chart

Jetcon Annual Data
Trend
Interest Coverage

Jetcon Semi-Annual Data
Interest Coverage

Competitive Comparison of Jetcon's Interest Coverage

For the Auto & Truck Dealerships subindustry, Jetcon'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.


Jetcon's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jetcon's Interest Coverage distribution charts can be found below:

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


;
;

Jetcon 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.

Jetcon's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Jetcon's Interest Expense was JMD0.00 Mil. Its Operating Income was JMD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0.00 Mil.

Jetcon had no debt (1).

Jetcon's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Jetcon's Interest Expense was JMD0.00 Mil. Its Operating Income was JMD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0.00 Mil.

Jetcon 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.


Jetcon  (XJAM:JETCON) 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 .


Jetcon Interest Coverage Related Terms

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


Jetcon Business Description

Traded in Other Exchanges
N/A
Address
2 Sandringham Avenue, Kingston, JAM, 10
Jetcon Corp Ltd is a used car dealer based in Jamaica. The Company activity is the importation and sale of motor vehicles, spare parts and servicing of vehicles sold to third parties. It sells cars of various brands such as Mazda, Nissan, Subaru, Suzuki, Toyota, Honda & Daihatsu. The company also offers services such as Car sales, Vehicle financing and Car servicing.

Jetcon Headlines

No Headlines