Alpha Pro Tech (Alpha Pro Tech) Interest Coverage

: N/A (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

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. Alpha Pro Tech's Operating Income for the three months ended in Dec. 2023 was $0.97 Mil. Alpha Pro Tech's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Alpha Pro Tech Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Alpha Pro Tech's Interest Coverage or its related term are showing as below:

APT's Interest Coverage is not ranked ^*
in the Construction industry.
Industry Median: 7.08
* 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.

Alpha Pro Tech Interest Coverage Historical Data

The historical data trend for Alpha Pro Tech'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.

Alpha Pro Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

N/A

Alpha Pro Tech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																N/A	N/A	N/A	N/A	N/A

Competitive Comparison

For the Building Products & Equipment subindustry, Alpha Pro Tech'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.

Alpha Pro Tech Interest Coverage Distribution

For the Construction industry and Industrials sector, Alpha Pro Tech's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Alpha Pro Tech's Interest Coverage falls into.

Alpha Pro Tech 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.

Alpha Pro Tech'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, Alpha Pro Tech's Interest Expense was $0.00 Mil. Its Operating Income was $4.13 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.19 Mil.

GuruFocus does not calculate Alpha Pro Tech's interest coverage with the available data.

Alpha Pro Tech's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Alpha Pro Tech's Interest Expense was $0.00 Mil. Its Operating Income was $0.97 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.19 Mil.

GuruFocus does not calculate Alpha Pro Tech's interest coverage with the available data.

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

Alpha Pro Tech (AMEX:APT) 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 .

Alpha Pro Tech Interest Coverage Related Terms

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

Alpha Pro Tech (Alpha Pro Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Alpha Pro Tech Ltd (AMEX:APT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

APL:Germany

Address

60 Centurian Drive, Suite 112, Markham, ON, CAN, L3R 9R2

Website

https://www.alphaprotech.com

Alpha Pro Tech Ltd is involved in the business of developing, manufacturing, and marketing of disposable protective apparel, building supply, and infection control products principally in the United States. It operates its business through segment which includes Building Supply and Disposable Protective Apparel. It mainly offers a line of construction supply weatherization products, namely house wrap and synthetic roof underlayment as well as other woven material, different styles of disposable products like shoe covers, bouffant caps, gowns, coveralls, lab coats, frocks and other miscellaneous products. It also provides face masks and eye shields. It generates most of its revenues from the sale of products across the United States.

Executives

James Buchan	director	60 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R9R2
Benjamin A Shaw	director	160 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R 9R2
John Ritota	director	C/O ALPHA PRO TECH LTD, 60 CENTURIAN DR STE 112, MARKHAM ONTARIO CANADA A1 L3R9R2
David R Garcia	director	60 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R9R2
Charles D Montgomery	officer: Sr. V.P. Engineered Products	60 CENTURIAN DRIVE SUITE#112, MARKHAM A6 L3R 9R2
Russell Manock	director	C/O ALPHA PRO TECH LTD, 60 CENTURIAN DR, MARKHAM CANADA A6 9999999999
Lloyd Hoffman	officer: CFO and Sr VP Finance and Admi	C/O ALPHA PRO TECH LTD, 60 CENTURIAN DRIVE STE 112, MARKHAM ONTARIO CANADA A1 L3R9R2
Mcdonald Colleen J	officer: CFO	60 CENTURIAN DRIVE SUITE 112, MARKHAM A6 L3R 9R2
Donna Millar	director	60 CENTURIAN DRIVE, SUITE 112, MARKHAM A6 L3R 9R2
David B Anderson	director	60 CENTURIAN DRIVE SUITE # 112, MARKHAM A6 L3R 9R2
Al Millar	director, officer: President	C/O ALPHA PRO TECH LTD, 60 CENTURIAN DRIVE STE 112, MARKHAM ONTARIO CANADA A1 L3R9R2
Sheldon Hoffman	director, officer: C.E.O.	60 ENTURIAN DRIVE STE 112, C/O ALPHA PRO TECH LTD, MARKHAM ONTAIRO CANADA A6 0000
Donald Bennett	director
Scheerer Michael	officer: Sr VP- Sales & marketing	60 CENTURIAN DRIVE STE 112, C/O ALPHA PRO TECH LTD, MARKHAM ONTARIO CANA A6 0000
Robert Isaly	director