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BBHC (TRNX) Interest Coverage : 0 (At Loss) (As of Sep. 2019)


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What is BBHC 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. BBHC's Operating Income for the three months ended in Sep. 2019 was $-8.02 Mil. BBHC's Interest Expense for the three months ended in Sep. 2019 was $-0.24 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 BBHC's Interest Coverage or its related term are showing as below:


TRNX's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 6.79
* 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.


BBHC Interest Coverage Historical Data

The historical data trend for BBHC'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.

BBHC Interest Coverage Chart

BBHC Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Interest Coverage
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BBHC Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 - - N/A - -

Competitive Comparison of BBHC's Interest Coverage

For the Oil & Gas Integrated subindustry, BBHC'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.


BBHC's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, BBHC's Interest Coverage distribution charts can be found below:

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



BBHC 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.

BBHC's Interest Coverage for the fiscal year that ended in Dec. 2018 is calculated as

Here, for the fiscal year that ended in Dec. 2018, BBHC's Interest Expense was $-0.36 Mil. Its Operating Income was $-14.98 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.81 Mil.

BBHC did not have earnings to cover the interest expense.

BBHC's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Here, for the three months ended in Sep. 2019, BBHC's Interest Expense was $-0.24 Mil. Its Operating Income was $-8.02 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.98 Mil.

BBHC 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.


BBHC  (OTCPK:TRNX) 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 .


BBHC Interest Coverage Related Terms

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


BBHC (TRNX) Business Description

Traded in Other Exchanges
N/A
Address
300 West Clarendon Avenue, Suite 230, Phoenix, AZ, USA, 85013
BBHC Inc, formerly Taronis Technologies Inc owns a patented plasma arc technology that enable two end use applications for fuel generation and water decontamination. The company's fuel technology enables use of hydrocarbon based waste streams to be converted to fossil fuel substitutes.
Executives
Kevin Pollack director 150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Scott Mahoney director, officer: CEO, President & Director 4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L. director 150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson officer: CFO P.O. BOX 8129 ASPEN CO 81612
Staunton William W Iii director
Luisa Ingargiola director 4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Carla Santilli director 90 EASTWINDS CT., PALM HARBOR FL 34683
Jacques Kerrest director 7436 OLD MAPLE SQUARE, MCLEAN VA 22102-2817
Ruggero M Santilli director, 10 percent owner 35246 US 19 NORTH N.215, PALM HARBOR FL 34684
Global Beta, Llc 10 percent owner 150 RAINVILLE ROAD, TARPON SPRINGS FL 34689

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