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Micro2nano (XKRX:424980) Interest Coverage : 0 (At Loss) (As of Dec. 2024)


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What is Micro2nano 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. Micro2nano's Operating Income for the three months ended in Dec. 2024 was ₩-1,886 Mil. Micro2nano's Interest Expense for the three months ended in Dec. 2024 was ₩-188 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 Micro2nano's Interest Coverage or its related term are showing as below:


XKRX:424980's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 13.145
* 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.


Micro2nano Interest Coverage Historical Data

The historical data trend for Micro2nano'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.

Micro2nano Interest Coverage Chart

Micro2nano Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
6.93 22.10 17.10 - -

Micro2nano Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - N/A N/A - -

Competitive Comparison of Micro2nano's Interest Coverage

For the Electronic Components subindustry, Micro2nano'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.


Micro2nano's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Micro2nano's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Micro2nano's Interest Coverage falls into.


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Micro2nano 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.

Micro2nano's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Micro2nano's Interest Expense was ₩-850 Mil. Its Operating Income was ₩-9,479 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩9,027 Mil.

Micro2nano did not have earnings to cover the interest expense.

Micro2nano's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Micro2nano's Interest Expense was ₩-188 Mil. Its Operating Income was ₩-1,886 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩9,027 Mil.

Micro2nano 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.


Micro2nano  (XKRX:424980) 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 .


Micro2nano Interest Coverage Related Terms

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Micro2nano Business Description

Traded in Other Exchanges
N/A
Address
43, Deokseongsandan 2-ro 50beon-gil, Idong-eup, Cheoin-gu, Gyeonggi-do, Yongin-si, KOR
Micro2nano Inc engages in manufacturing products from micro to nano units by utilizing MEMS technology using a semiconductor process. Its products comprise semiconductor components, optical components, medical devices, and automotive components.

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