ITEX (ITEX) Interest Coverage

: N/A (As of Jul. 2023)

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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. ITEX's Operating Income for the six months ended in Jul. 2023 was $0.83 Mil. ITEX's Interest Expense for the six months ended in Jul. 2023 was $0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. ITEX Corp has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for ITEX's Interest Coverage or its related term are showing as below:

ITEX's Interest Coverage is not ranked ^*
in the Capital Markets industry.
Industry Median: 19.12
* 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.

ITEX Interest Coverage Historical Data

The historical data trend for ITEX'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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ITEX Annual Data

Trend

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Jul22

Jul23

Interest Coverage

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No Debt

N/A

ITEX Semi-Annual Data
	Jul99	Jul00	Jul01	Jul02	Jul03	Jul04	Jul05	Jul06	Jul07	Jul08	Jul09	Jul10	Jul11	Jul12	Jul13	Jul14	Jul15	Jul16	Jul22	Jul23
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	N/A	N/A

Competitive Comparison

For the Capital Markets subindustry, ITEX'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.

ITEX Interest Coverage Distribution

For the Capital Markets industry and Financial Services sector, ITEX's Interest Coverage distribution charts can be found below:

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

ITEX 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.

ITEX's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as

Here, for the fiscal year that ended in Jul. 2023, ITEX's Interest Expense was $0.00 Mil. Its Operating Income was $0.83 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.06 Mil.

GuruFocus does not calculate ITEX's interest coverage with the available data.

ITEX's Interest Coverage for the quarter that ended in Jul. 2023 is calculated as

Here, for the six months ended in Jul. 2023, ITEX's Interest Expense was $0.00 Mil. Its Operating Income was $0.83 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.06 Mil.

GuruFocus does not calculate ITEX's interest coverage with the available data.

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

ITEX (OTCPK:ITEX) 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 .

ITEX Interest Coverage Related Terms

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

ITEX (ITEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » ITEX Corp (OTCPK:ITEX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

13555 South East 36th Street, Suite 210, Bellevue, WA, USA, 98006

Website

https://www.itex.com

ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. They generate revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.

Executives

Lion Fund, L.p.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Capital Corp.	10 percent owner, other: See Explanation of Responses	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Kevin H Callan	director	3326 160TH AVE. SE, STE. 100, BELLEVUE WA 98008
Timothy R Morones	director	3326 160TH AVE SE STE 100, BELLEVUE WA 98008
Sardar Biglari,	10 percent owner, other: See Explanation of Responses	C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Holdings Inc.	10 percent owner, other: See Explanation of Responses	17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257
Western Sizzlin Corp	10 percent owner, other: See Explanation of Responses	317 KIMBALL AVENUE NW, ROANOKE VA 24016
G. Andrew Cooke	10 percent owner	3110 9TH ROAD N. APT. B, ARLINGTON VA 22201
David Polonitza	10 percent owner	54B SANDRA CIRCLE, APT B1, WESTFIELD NJ 07090
Pagidipati Family Limited Partnership	10 percent owner	2955 SE 3RD COURT, OCALA FL 34471
Corner Market Capital Corp	10 percent owner	BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Sanjeev Parsad	10 percent owner	21-355 DUTHIE AVENUE, BURNABY A1 V5A-2P3
Alnesh Mohan	10 percent owner	702-583 BEACH CRESCENT, VANCOUVER A1 V6Z-3E6
Corner Market Capital U.s., Inc.	10 percent owner	BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Mpic Fund I Lp	10 percent owner	1199 WEST PENDER STREET, SUITE 680, VANCOUVER A1 V6E 2R1

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