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M-Tron Industries (M-Tron Industries) Interest Coverage : N/A (As of Mar. 2024)


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What is M-Tron Industries 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. M-Tron Industries's Operating Income for the three months ended in Mar. 2024 was $1.79 Mil. M-Tron Industries's Interest Expense for the three months ended in Mar. 2024 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. M-Tron Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for M-Tron Industries's Interest Coverage or its related term are showing as below:

MPTI' s Interest Coverage Range Over the Past 10 Years
Min: 35.23   Med: 176.17   Max: 1065.4
Current: 1065.4

MPTI's Interest Coverage is ranked better than
94.84% of 1590 companies
in the Hardware industry
Industry Median: 12.685 vs MPTI: 1065.40

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

M-Tron Industries Interest Coverage Historical Data

The historical data trend for M-Tron Industries'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.

M-Tron Industries Interest Coverage Chart

M-Tron Industries Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Interest Coverage
35.23 176.17 261.36 N/A

M-Tron Industries Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 380.50 313.00 N/A N/A N/A

Competitive Comparison of M-Tron Industries's Interest Coverage

For the Electronic Components subindustry, M-Tron Industries'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.

M-Tron Industries's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, M-Tron Industries's Interest Coverage distribution charts can be found below:

* The bar in red indicates where M-Tron Industries's Interest Coverage falls into.


M-Tron Industries 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.

M-Tron Industries'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, M-Tron Industries's Interest Expense was $0.00 Mil. Its Operating Income was $4.30 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.03 Mil.

GuruFocus does not calculate M-Tron Industries's interest coverage with the available data.

M-Tron Industries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, M-Tron Industries's Interest Expense was $0.00 Mil. Its Operating Income was $1.79 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.01 Mil.

GuruFocus does not calculate M-Tron Industries's interest coverage with the available data.

* 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.

M-Tron Industries  (AMEX:MPTI) 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 .

M-Tron Industries Interest Coverage Related Terms

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

M-Tron Industries (M-Tron Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » M-Tron Industries Inc (AMEX:MPTI) » Definitions » Interest Coverage
Comparable Companies
LPTH LINK ELTK MMAT CPSH KULR DSWL REFR HOLO DAIO APH TPE:2317 TEL TSE:6981 SZSE:002475 TPE:2308 GLW XKRX:006400 SZSE:000725 JBL
Traded in Other Exchanges
N/A
Address
2525 Shader Road, Orlando, FL, USA, 32804
Website
https://www.mtronpti.com
M-Tron Industries Inc is a diversified holding company with subsidiaries engaged in the design, manufacturing and marketing of highly-engineered, high reliability frequency and spectrum control products used to control the frequency or timing of signals in electronic circuits in various applications. It offers a wide range of products such as microwave and millimeter wave filters; cavity, crystal, ceramic, lumped element and switched filters; crystal resonators, integrated microwave assemblies and state-of-the-art solid state power amplifier products.
Executives
William Arnold Drafts officer: President 746 CRISTALDI WAY, LONGWOOD FL 32779
Ferrantino Michael J Jr director, officer: Chief Executive Officer 12 MARTINGALE LANE, ANDOVER MA 01810
Ivan Arteaga director 497 EISENHOWER COURT, WYCKOFF NJ 07481
James William Tivy officer: Chief Financial Officer 220 E. CENTRAL PARKWAY, SUITE 2060, ALTAMONTE SPRINGS FL 32701
Mario J Gabelli 10 percent owner 191 MASON STREET, GREENWICH CT 06830
Linda M Biles officer: VP, Controller 2525 SHADER ROAD, ORLANDO FL 32804
Marc Gabelli director, 10 percent owner 401 THEODORE FREMD AVE, RYE NY 10580
Bel Lazar director 4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Hendi Susanto director 2525 SHADER RD., ORLANDO FL 32804
Lapenta Robert V Jr director C/O ASTON CAPITAL, 177 BROAD ST., 12TH FLOOR, STAMFORD CT 06901
David M Goldman director ONE CORPORATE CENTER, RYE NY 10580
John S Mega director C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016