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Dynacq Healthcare (Dynacq Healthcare) Interest Coverage : 0 (At Loss) (As of Nov. 2015)


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What is Dynacq Healthcare 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. Dynacq Healthcare's Operating Income for the three months ended in Nov. 2015 was $-2.20 Mil. Dynacq Healthcare's Interest Expense for the three months ended in Nov. 2015 was $-0.11 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 Dynacq Healthcare's Interest Coverage or its related term are showing as below:


DYII's Interest Coverage is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 9.08
* 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.


Dynacq Healthcare Interest Coverage Historical Data

The historical data trend for Dynacq Healthcare'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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Dynacq Healthcare Interest Coverage Chart

Dynacq Healthcare Annual Data
Trend Aug06 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15
Interest Coverage
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Dynacq Healthcare Quarterly Data
Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15
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Competitive Comparison of Dynacq Healthcare's Interest Coverage

For the Medical Care Facilities subindustry, Dynacq Healthcare'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.


Dynacq Healthcare's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Dynacq Healthcare's Interest Coverage distribution charts can be found below:

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



Dynacq Healthcare 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.

Dynacq Healthcare's Interest Coverage for the fiscal year that ended in Aug. 2015 is calculated as

Here, for the fiscal year that ended in Aug. 2015, Dynacq Healthcare's Interest Expense was $-0.42 Mil. Its Operating Income was $-6.51 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.01 Mil.

Dynacq Healthcare did not have earnings to cover the interest expense.

Dynacq Healthcare's Interest Coverage for the quarter that ended in Nov. 2015 is calculated as

Here, for the three months ended in Nov. 2015, Dynacq Healthcare's Interest Expense was $-0.11 Mil. Its Operating Income was $-2.20 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Dynacq Healthcare 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.


Dynacq Healthcare  (GREY:DYII) 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 .


Dynacq Healthcare Interest Coverage Related Terms

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


Dynacq Healthcare (Dynacq Healthcare) Business Description

Traded in Other Exchanges
N/A
Address
4301 Vista Road, Pasadena, TX, USA, 77504
Dynacq Healthcare Inc is a holding company. Through its subsidiaries develops and manages general acute care hospitals that principally provide specialized surgeries. The company specializes in a small number of higher-margin specialties and patient care services such as orthopedics, neurosurgery, and general surgery. In addition, the group invests in debt and equity securities. Geographically, the activities of the group are carried out through the region of US.

Dynacq Healthcare (Dynacq Healthcare) Headlines

From GuruFocus

Graham NCAV Review: Dynacq Healthcare Inc

By rozer William J. DeRosa, Jr., CFA 05-25-2010