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. Tangoe's
Operating Income
for the
three
months ended in Sep. 2015 was $-3.58 Mil. Tangoe's Interest Expense for the
three
months ended in Sep. 2015 was $-0.08 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 Tangoe's Interest Coverage or its related term are showing as below:
TNGO's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 28.885 * Ranked among companies with meaningful Interest Coverage only.
The historical data trend for Tangoe'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.
Competitive Comparison of Tangoe's Interest Coverage
For the Software - Infrastructure subindustry, Tangoe'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.
Tangoe's Interest Coverage Distribution in the Software Industry
For the Software industry and Technology sector, Tangoe's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Tangoe's Interest Coverage falls into.
Tangoe 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:
Tangoe 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.
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 .
Tangoe Interest Coverage Related Terms
Thank you for viewing the detailed overview of Tangoe's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Tangoe Inc was incorporated in Delaware under the name TelecomRFQ, Inc. in February 2000 and changed its name to Tangoe, Inc. in December 2001. The Company provides connection lifecycle management, or CLM, software and services to a wide range of enterprises and service providers. CLM covers the entire spectrum of an enterprise's connection-based assets and services such as voice and data services, mobile devices and usage, machine-to-machine connections, cloud software and services, enterprise social and information technology connections, and encompasses the entire lifecycle of these assets and services including planning and sourcing, procurement and provisioning, inventory and usage management, mobile device management, or MDM, real-time telecommunications expense management, or rTEM, invoice processing, expense allocation and accounting, and asset decommissioning and disposal. Its solution can provide a significant return on investment by enabling an enterprise to identify and resolve billing errors, to optimize service plans for its usage patterns and needs, to manage used and unused connection assets and services, to proactively monitor usage and to prevent bill overages. As of December 31, 2013, more than 1,000 recurring revenue customers were using its software or services. It competes with technology providers and outsourced service providers selling a range of TEM, MDM, EMM and MMS solutions.
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