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Tigi (XTAE:TIGI) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Tigi 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. Tigi's Operating Income for the six months ended in . 20 was ₪0.00 Mil. Tigi's Interest Expense for the six months ended in . 20 was ₪0.00 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 Tigi's Interest Coverage or its related term are showing as below:


XTAE:TIGI's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 20
* 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.


Tigi Interest Coverage Historical Data

The historical data trend for Tigi'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.

Tigi Interest Coverage Chart

Tigi Annual Data
Trend
Interest Coverage

Tigi Semi-Annual Data
Interest Coverage

Competitive Comparison of Tigi's Interest Coverage

For the Solar subindustry, Tigi'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.


Tigi's Interest Coverage Distribution in the Semiconductors Industry

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

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


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Tigi 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.

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

Here, for the fiscal year that ended in . 20, Tigi's Interest Expense was ₪0.00 Mil. Its Operating Income was ₪0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪0.00 Mil.

Tigi had no debt (1).

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

Here, for the six months ended in . 20, Tigi's Interest Expense was ₪0.00 Mil. Its Operating Income was ₪0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪0.00 Mil.

Tigi 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.


Tigi  (XTAE:TIGI) 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 .


Tigi Interest Coverage Related Terms

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


Tigi Business Description

Traded in Other Exchanges
N/A
Address
20 Atir Yeda, Kfar Saba, ISR
Tigi Ltd is engaged in the development of technological solutions for the absorption and storage of solar energy. Its Honeycomb Collector product is efficient and cost-effective in high-temperature differential applications like space heating, industrial process heat, domestic hot water in cold climates as well as space cooling.

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