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Dynamic Medical Technologies (ROCO:4138) Interest Coverage : 84.73 (As of Dec. 2023)


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What is Dynamic Medical Technologies 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. Dynamic Medical Technologies's Operating Income for the three months ended in Dec. 2023 was NT$72 Mil. Dynamic Medical Technologies's Interest Expense for the three months ended in Dec. 2023 was NT$-1 Mil. Dynamic Medical Technologies's interest coverage for the quarter that ended in Dec. 2023 was 84.73. 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. Dynamic Medical Technologies Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

ROCO:4138' s Interest Coverage Range Over the Past 10 Years
Min: 27.26   Med: 112.95   Max: 352.29
Current: 108.55


ROCO:4138's Interest Coverage is ranked better than
75.89% of 423 companies
in the Medical Devices & Instruments industry
Industry Median: 19.77 vs ROCO:4138: 108.55

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


Dynamic Medical Technologies Interest Coverage Historical Data

The historical data trend for Dynamic Medical 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.

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.

* Premium members only.

Dynamic Medical Technologies Interest Coverage Chart

Dynamic Medical Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 132.54 143.02 185.42 117.35 108.55

Dynamic Medical Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial 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 106.23 147.53 151.63 82.97 84.73

Competitive Comparison of Dynamic Medical Technologies's Interest Coverage

For the Medical Devices subindustry, Dynamic Medical 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.


Dynamic Medical Technologies's Interest Coverage Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Dynamic Medical Technologies's Interest Coverage distribution charts can be found below:

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



Dynamic Medical 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 (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.

Dynamic Medical Technologies's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Dynamic Medical Technologies's Interest Expense was NT$-2 Mil. Its Operating Income was NT$266 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$274 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*265.622/-2.447
=108.55

Dynamic Medical Technologies's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Dynamic Medical Technologies's Interest Expense was NT$-1 Mil. Its Operating Income was NT$72 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$274 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*71.6/-0.845
=84.73

* 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.


Dynamic Medical Technologies  (ROCO:4138) 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 .


Dynamic Medical Technologies Interest Coverage Related Terms

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


Dynamic Medical Technologies (ROCO:4138) Business Description

Traded in Other Exchanges
N/A
Address
No. 880 Zhongzheng Road, 14th Floor, Zhonghe District, New Taipei City, TWN, 23586
Dynamic Medical Technologies Inc is engaged in the sale, maintenance, and integrated marketing of aesthetic lasers and light-based equipment. The company's product line includes aesthetic medical devices, body contouring devices, dermal fillers, and cosmeceuticals. It operates in three segments: Dynamic Segment, Excelsior beauty segment, and Hong Kong Dynamic Segment.

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