Casa Systems (Casa Systems) Interest Coverage : 0 (At Loss) (As of Sep. 2023)

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What is Casa Systems 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. Casa Systems's Operating Income for the three months ended in Sep. 2023 was $-18.4 Mil. Casa Systems's Interest Expense for the three months ended in Sep. 2023 was $-10.7 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 Casa Systems's Interest Coverage or its related term are showing as below:

CASSQ's Interest Coverage is not ranked ^*
in the Hardware industry.
Industry Median: 12.52
* 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.

Casa Systems Interest Coverage Historical Data

The historical data trend for Casa Systems'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.

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Casa Systems Interest Coverage Chart

Casa Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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4.00

1.43

1.22

Casa Systems Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Casa Systems's Interest Coverage

For the Communication Equipment subindustry, Casa Systems'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.

Casa Systems's Interest Coverage Distribution in the Hardware Industry

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

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

Casa Systems 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.

Casa Systems's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Casa Systems's Interest Expense was $-17.6 Mil. Its Operating Income was $-68.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.4 Mil.

Casa Systems did not have earnings to cover the interest expense.

Casa Systems's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Casa Systems's Interest Expense was $-10.7 Mil. Its Operating Income was $-18.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $177.5 Mil.

Casa Systems did not have earnings to cover the interest expense.

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

Casa Systems (OTCPK:CASSQ) 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 .

Casa Systems Interest Coverage Related Terms

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

Casa Systems (Casa Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Casa Systems Inc (OTCPK:CASSQ) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

6CS:Germany

Address

100 Old River Road, Andover, MA, USA, 01810

Website

https://www.casa-systems.com

Casa Systems Inc is engaged in providing a suite of software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform at multi-gigabit speeds. In addition, the company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom, and wireless networks. The company focuses on creating a software-centric, multi-service portfolio that enables a broad range of core and access network functions for fixed and wireless networks. The company's product line includes cable networks, IP networks, mobile networks, optical networks, professional and managed services and others. Substantial revenue is generated from North American operations.

Executives

Philip Jr. Paro	officer: Chief Accounting Officer	100 OLD RIVER ROAD, C/O CASA SYSTEMS, INC., ANDOVER MA 01810
Michael Glickman	director, officer: President and CEO	100 OLD RIVER ROAD, ANDOVER MA 01810
Styslinger William C Iii	director	124 ACTON STREET, MAYNARD MA 01754
Edward Durkin	officer: Chief Financial Officer	C/O CASA SYSTEMS, INC., 100 OLD RIVER ROAD, ANDOVER MA 01810
Weidong Chen	officer: Chief Technology Officer	100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Michael T Hayashi	director	MINDSPEED TECHNOLOGIES, INC., 4000 MACARTHUR BLVD., EAST TOWER, NEWPORT BEACH CA 92660
Lucy Xie	director, officer: SVP of Operations	100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Daniel S. Mead	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Matthew Slepian	officer: Corporate Controller	CASA SYSTEMS, INC., 100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Jerry Guo	director, 10 percent owner, officer: President & CEO	100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Scott Bruckner	officer: Interim CFO	CASA SYSTEMS, INC., 100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Susana D'emic	director	C/O TIME INC., 225 LIBERTY STREET, NEW YORK NY 10281
Maurizio Nicolelli	officer: Chief Financial Officer	C/O CASA SYSTEMS, 100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Shaun N. Mccarthy	officer: Interim CFO	100 OLD RIVER ROAD, SUITE 100, ANDOVER MA 01810
Bruce R Evans	director	C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116