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Identillect Technologies Interest Coverage

: 0 (At Loss) (As of Dec. 2021)
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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. Identillect Technologies's Operating Income for the three months ended in Dec. 2021 was $-0.06 Mil. Identillect Technologies's Interest Expense for the three months ended in Dec. 2021 was $-0.02 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 Identillect Technologies'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.


Identillect Technologies Interest Coverage Historical Data

The historical data trend for Identillect Technologies'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.

* Premium members only.

Identillect Technologies Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Identillect Technologies Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Interest Coverage 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 Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Software - Application subindustry, Identillect Technologies'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.

   

Identillect Technologies Interest Coverage Distribution

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

* The bar in red indicates where Identillect Technologies's Interest Coverage falls into.



Identillect Technologies 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.


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Identillect Technologies's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Identillect Technologies's Interest Expense was $-0.08 Mil. Its Operating Income was $-0.63 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Identillect Technologies did not have earnings to cover the interest expense.

Identillect Technologies's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Here, for the three months ended in Dec. 2021, Identillect Technologies's Interest Expense was $-0.02 Mil. Its Operating Income was $-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Identillect Technologies 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.


Identillect Technologies  (OTCPK:IDTLF) 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 .


Identillect Technologies Interest Coverage Related Terms

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


Identillect Technologies Business Description

Identillect Technologies logo
Industry
Technology » Software NAICS : 423430 SIC : 5744
Traded in Other Exchanges
Address
609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3
Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. It offers a product like Delivery trust in Outlook Plugin, Office 365, Gmail Plugin, Web Only and Electronic Signatures. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.
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