Crowdworks (XKRX:355390) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Crowdworks 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. Crowdworks's Operating Income for the three months ended in Mar. 2024 was ₩-3,003 Mil. Crowdworks's Interest Expense for the three months ended in Mar. 2024 was ₩-354 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 Crowdworks's Interest Coverage or its related term are showing as below:

XKRX:355390's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 29.785
* 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.

Crowdworks Interest Coverage Historical Data

The historical data trend for Crowdworks'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.

Crowdworks Interest Coverage Chart

Crowdworks Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Coverage

Crowdworks Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial			-	7.80	N/A	-	-

Competitive Comparison of Crowdworks's Interest Coverage

For the Software - Infrastructure subindustry, Crowdworks'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.

Crowdworks's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Crowdworks's Interest Coverage distribution charts can be found below:

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

Crowdworks 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.

Crowdworks's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Crowdworks's Interest Expense was ₩-1,627 Mil. Its Operating Income was ₩-6,309 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩646 Mil.

Crowdworks did not have earnings to cover the interest expense.

Crowdworks's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Crowdworks's Interest Expense was ₩-354 Mil. Its Operating Income was ₩-3,003 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩895 Mil.

Crowdworks did not have earnings to cover the interest expense.

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

Crowdworks (XKRX:355390) 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 .

Crowdworks Interest Coverage Related Terms

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

Crowdworks (XKRX:355390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Crowdworks Inc (XKRX:355390) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

309 Teheran-ro, 5th Floor Samsung Cheil Building, Gangnam-gu, Seoul, KOR

Website

https://www.crowdworks.kr

Crowdworks Inc is engaged in the development of AI models for better data preprocessing. It provides end-to-end solutions for all processes of artificial intelligence development, from requirements definition to artificial intelligence data generation, algorithm, and service development, including large language model and service validation.

Crowdworks (XKRX:355390) Headlines

No Headlines