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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. Zivo Bioscience's Operating Income for the three months ended in Mar. 2024 was $-1.28 Mil. Zivo Bioscience's Interest Expense for the three months ended in Mar. 2024 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.
The historical rank and industry rank for Zivo Bioscience'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 Zivo Bioscience'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.
Zivo Bioscience Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
Zivo Bioscience Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Biotechnology subindustry, Zivo Bioscience'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, Zivo Bioscience's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Zivo Bioscience'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.
Zivo Bioscience'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, Zivo Bioscience's Interest Expense was $-0.51 Mil. Its Operating Income was $-7.26 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Zivo Bioscience did not have earnings to cover the interest expense. |
Zivo Bioscience's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, Zivo Bioscience's Interest Expense was $-0.00 Mil. Its Operating Income was $-1.28 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Zivo Bioscience 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.
Zivo Bioscience (OTCPK:ZIVO) 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 Zivo Bioscience's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Alison A Cornell | director | 210 CARNEGIE CENTER, PRINCETON NJ 08540 |
Christopher D. Maggiore | officer: CHIEF FINANCIAL OFFICER | 4788 NOBLES POND DR. NW, CANTON OH 44718 |
Nola E Masterson | director | 768 WEST CALIFORNIA WAY, WOODSIDE CA 94062 |
John Bernard Payne | director | 9900 NE 114TH CIRCLE, VANCOUVER WA 98662 |
Strome Mezzanine Fund, Lp | 10 percent owner | 100 WILSHIRE BLVD., SUITE 1750, SANTA MONICA CA 90401 |
Keith Marchiando | officer: Chief Financial Officer | C/O ZIVO BIOSCIENCE, INC., 21 E. LONG LAKE ROAD, SUITE 100, BLOOMFIELD HILLS MI 48304 |
Mark E Strome | 10 percent owner | 100 WILSHIRE BLVD, 15TH FL, SANTA MONICA CA 90401 |
Strome Alpha Fund L P | 10 percent owner | 100 WILSHIRE BLVD SUITE 1750, SANTA MONICA CA 90401 |
Strome Investment Management Lp | 10 percent owner | 100 WILSHIRE BLVD, 15TH FLOOR, SANTA MONICA CA 90401 |
Strome Group, Inc. | 10 percent owner | 100 WILSHIRE BLVD., SUITE 1750, SANTA MONICA CA 90401 |
Hep Investments Llc | 10 percent owner | 2804 ORCHARD LAKE RD, STE 205, KEEGO HARBOR MI 48320 |
Rondeau Robert O Jr | director | 70 WEST LONG LAKE RD, STE 119, TROY MI 48098 |
Thomas Kevin Cox | director | 470 MICHGAMME LANE, LAKE FOREST IL 60045 |
Andrew A Dahl | officer: President, CEO | 7 WEST SQUARE LAKE ROAD, STE 6165, BLOOMFIELD HILLS MI 48302 |
Brian W Young | other: See remarks below. | 1800 NW CORPORATE BLVD, BOCA RATON FL 33431 |
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