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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. Chembio Diagnostics's Operating Income for the three months ended in Dec. 2022 was $-3.30 Mil. Chembio Diagnostics's Interest Expense for the three months ended in Dec. 2022 was $-0.64 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 Chembio Diagnostics'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 Chembio Diagnostics'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.
Chembio Diagnostics Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | N/A | - | - | - | - |
Chembio Diagnostics Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Diagnostics & Research subindustry, Chembio Diagnostics'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 Medical Diagnostics & Research industry and Healthcare sector, Chembio Diagnostics's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Chembio Diagnostics'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.
Chembio Diagnostics'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, Chembio Diagnostics's Interest Expense was $-2.81 Mil. Its Operating Income was $-20.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.51 Mil.
Chembio Diagnostics did not have earnings to cover the interest expense. |
Chembio Diagnostics's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as
Here, for the three months ended in Dec. 2022, Chembio Diagnostics's Interest Expense was $-0.64 Mil. Its Operating Income was $-3.30 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.51 Mil.
Chembio Diagnostics 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.
Chembio Diagnostics (NAS:CEMI) 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 Chembio Diagnostics's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Perceptive Credit Advisors, Llc | 10 percent owner | 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Joseph Edelman | 10 percent owner | C/O PERCEPTIVE ADVISORS LLC, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Perceptive Advisors Llc | 10 percent owner | 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Leslie Teso-lichtman | director | C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788 |
Charles Caso | officer: See remarks | C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788 |
Paul Angelico | officer: See remarks | C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788 |
Lawrence J. Steenvoorden | officer: See remarks | C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788 |
David William Bespalko | director | 29 CEDAR DRIVE, ALLENDALE NJ 07401 |
David Acheson | director | C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788 |
Richard Eberly | officer: See Remarks | 3471 RIVER HILLS DRIVE, CINCINNATI OH 45244 |
John Gary Potthoff | director | 6140 SPANISH OAKS CLUB BLVD., AUSTIN TX 78738 |
Javan Esfandiari | officer: Senior Vice President | 3661 HORSEBLOCK ROAD, MEDFORD NY 11763 |
Robert Passas | officer: See Remarks | 3661 HORSEBLOCK ROAD, MEDFORD NY 11763 |
Polan Mary Lake Ph D | director | STANFORD UNIVERSITY SCHOOL OF MEDICINE, 300 PASTAUR DR ROOM HH333, STANFORD CA 94305-5317 |
Neil A Goldman | officer: Executive VP and CFO | 3661 HORSEBLOCK RD, MEDFORD NY 11763 |
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