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Astea International (Astea International) Interest Coverage : 0 (At Loss) (As of Sep. 2019)


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What is Astea International 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. Astea International's Operating Income for the three months ended in Sep. 2019 was $-1.33 Mil. Astea International's Interest Expense for the three months ended in Sep. 2019 was $-0.08 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 Astea International's Interest Coverage or its related term are showing as below:


ATEA's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.505
* 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.


Astea International Interest Coverage Historical Data

The historical data trend for Astea International'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.

Astea International Interest Coverage Chart

Astea International Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 4.96 0.10 2.53

Astea International Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 2.43 1.80 - -

Competitive Comparison of Astea International's Interest Coverage

For the Software - Application subindustry, Astea International'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.


Astea International's Interest Coverage Distribution in the Software Industry

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

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



Astea International 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.

Astea International's Interest Coverage for the fiscal year that ended in Dec. 2018 is calculated as

Here, for the fiscal year that ended in Dec. 2018, Astea International's Interest Expense was $-0.25 Mil. Its Operating Income was $0.64 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.67 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2018 )/Interest Expense (A: Dec. 2018 )
=-1*0.636/-0.251
=2.53

Astea International's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Here, for the three months ended in Sep. 2019, Astea International's Interest Expense was $-0.08 Mil. Its Operating Income was $-1.33 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.91 Mil.

Astea International 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.


Astea International  (OTCPK:ATEA) 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 .


Astea International Interest Coverage Related Terms

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


Astea International (Astea International) Business Description

Traded in Other Exchanges
N/A
Address
240 Gibraltar Road, Horsham, PA, USA, 19044
Astea International Inc develops markets and supports service management software solutions, which are licensed to companies that sell and service equipment or sell and deliver professional services. It offers software and services to automate enterprise business processes through analytical reporting. Its solutions are used in industries, such as information technology; medical devices and diagnostic systems; industrial controls and instrumentation; retail or point-of-sale equipment; heating, ventilation, air conditioning (HVAC); telecommunications, and other related industries with equipment sales and service requirements. The company operates through three geographical segments, including United States, Europe, and Asia/Pacific.
Executives
Kanen Wealth Management Llc 10 percent owner 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
David Kanen 10 percent owner 6429 NW 65TH WAY, PARKLAND FL 33067
Philotimo Fund, Lp 10 percent owner 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Reilly Thomas J Jr director C/O ASTEA INTERNATIONAL INC., 240 GIBRALTAR ROAD, HORSHAM PA 19044
Kernan V Oberting other: Member of a 13(g) group 14 WESLEY STREET, HAMILTON D0 HM11

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