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Zwipe AS (OSL:ZWIPE) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Zwipe AS 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. Zwipe AS's Operating Income for the six months ended in Dec. 2023 was kr-44.23 Mil. Zwipe AS's Interest Expense for the six months ended in Dec. 2023 was kr-0.00 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 Zwipe AS's Interest Coverage or its related term are showing as below:


OSL:ZWIPE's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.29
* 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.


Zwipe AS Interest Coverage Historical Data

The historical data trend for Zwipe AS'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.

Zwipe AS Interest Coverage Chart

Zwipe AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Zwipe AS Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - - - - -

Competitive Comparison of Zwipe AS's Interest Coverage

For the Software - Infrastructure subindustry, Zwipe AS'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.


Zwipe AS's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Zwipe AS's Interest Coverage distribution charts can be found below:

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



Zwipe AS 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.

Zwipe AS'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, Zwipe AS's Interest Expense was kr-0.01 Mil. Its Operating Income was kr-99.95 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Zwipe AS did not have earnings to cover the interest expense.

Zwipe AS's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Zwipe AS's Interest Expense was kr-0.00 Mil. Its Operating Income was kr-44.23 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Zwipe AS 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.


Zwipe AS  (OSL:ZWIPE) 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 .


Zwipe AS Interest Coverage Related Terms

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


Zwipe AS (OSL:ZWIPE) Business Description

Traded in Other Exchanges
Address
Radhusgata 24, Oslo, NOR, 0151
Zwipe AS is pioneering the next-generation contactless payments experience, providing biometric payment cards and wearables that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is making convenience safe & secure for banks, merchants, and consumers. The company's solutions address the hygiene and data theft pitfalls inHerent in traditional authentication methods. Zwipe is the next great shift in payments from contactless to contact-free.

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