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Integrated Media Technology (Integrated Media Technology) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is Integrated Media Technology 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. Integrated Media Technology's Operating Income for the six months ended in Jun. 2023 was $-1.81 Mil. Integrated Media Technology's Interest Expense for the six months ended in Jun. 2023 was $-0.34 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 Integrated Media Technology's Interest Coverage or its related term are showing as below:


IMTE's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 12.685
* 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.


Integrated Media Technology Interest Coverage Historical Data

The historical data trend for Integrated Media Technology'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.

Integrated Media Technology Interest Coverage Chart

Integrated Media Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
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Integrated Media Technology Semi-Annual Data
Dec13 Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - - - No Debt -

Competitive Comparison of Integrated Media Technology's Interest Coverage

For the Electronic Components subindustry, Integrated Media Technology'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.


Integrated Media Technology's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Integrated Media Technology's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Integrated Media Technology's Interest Coverage falls into.



Integrated Media Technology 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.

Integrated Media Technology's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Integrated Media Technology's Interest Expense was $-0.62 Mil. Its Operating Income was $-8.28 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Integrated Media Technology did not have earnings to cover the interest expense.

Integrated Media Technology's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Integrated Media Technology's Interest Expense was $-0.34 Mil. Its Operating Income was $-1.81 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Integrated Media Technology 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.


Integrated Media Technology  (NAS:IMTE) 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 .


Integrated Media Technology Interest Coverage Related Terms

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


Integrated Media Technology (Integrated Media Technology) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Pensyarah U1/28, Suite A, Unit 5, Level 3, Lot 4, Glen 9 Business Park, Hicom Glenmarie Industrial Par, Shah Alam, SGR, MYS, 40150
Integrated Media Technology Ltd is engaged in the development, sale, and distribution of autostereoscopic 3D display, 3D conversion equipment, and software, development, and sale of 3D autostereoscopic technology, and the provision of 3D consultancy services. It operates through the following segments: the development, sale and distribution of autostereoscopic 3D displays, conversion equipment, software and technology solutions, and others, Sales of air-filter products, provision of consultancy services, and Sales of Halal products.
Executives
Marvel Finance Ltd 10 percent owner 7/F., SIU ON CENTER., 188 LOCKHART ROAD,, WAN CHAI K3 00000
Lee Ying Chiu Herbert director, 10 percent owner, officer: President and CEO 15/F., SIU ON CENTRE, 188 LOCKHART ROAD, WANCHAI K3 0000
Nextglass Technologies Corp. 10 percent owner 9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLES CA 90210
Jeonggeun Kim 10 percent owner 101-1402HO, SOSABEOL PURUGIO APT, 970 VISION-DONG, PYEONGTAEK-SI M5 17847
Cimb Ltd 10 percent owner SUITE1814, 18/F FO TAN INDUSTRIAL CENTER, 26-28 AU PUI WAN STREET, FOTAN, NT K3 00000
Heming Cui director 13/F, TOWER 2, BELCHER, NO. 89 POK FU LAM ROAD, HONG KONG K3 00000
Ho Cecil Te Hwai officer: CFO & Company Secretary 7/F, SIU ON CENTRE, 188 LOCKHART ROAD, WANCHAI K3 00000
Lawrence Chen director UNIT 10, 18 JESSIE STREET, WESTMEAD SYDNEY C3 2145
Michael Wuhua Zhang director 7/F, SIU ON CENTER, 188 LOCKHART ROAD, WANCHAI K3 00000
Unerkov Con director PO BOX 1171, NORTH ADELAIDE SA C3 5006
George Yatzis officer: Company Secretary GPO BOX 2018, ADELAIDE C3 5001
Chang Yuen Chan director 7/F., SIU ON CENTER,, 188 LOCKHART ROAD,, WAN CHAI K3 00000
Ingram Wilton Timothy Carr director 7/F., SIU ON CENTER,, 188 LOCKHART ROAD,, WAN CHAI K3 00000
Man Chung Chan director ROOM 2404, KING YAN HOUSE, KING NGA COURT, TAIPO K3 00000