Job Solution Sweden Holding AB (OSTO:JOBS) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Job Solution Sweden Holding AB 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. Job Solution Sweden Holding AB's Operating Income for the three months ended in Dec. 2023 was kr-3.92 Mil. Job Solution Sweden Holding AB's Interest Expense for the three months ended in Dec. 2023 was kr-0.36 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 Job Solution Sweden Holding AB's Interest Coverage or its related term are showing as below:

OSTO:JOBS' s Interest Coverage Range Over the Past 10 Years
Min: 2.63 Med: 328.78 Max: 4002
Current: 2.63

OSTO:JOBS's Interest Coverage is ranked worse than
81.38% of 795 companies
in the Business Services industry
Industry Median: 13.3 vs OSTO:JOBS: 2.63

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

Job Solution Sweden Holding AB Interest Coverage Historical Data

The historical data trend for Job Solution Sweden Holding AB'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.

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Job Solution Sweden Holding AB Interest Coverage Chart

Job Solution Sweden Holding AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

4,002.00

621.71

35.85

2.63

Job Solution Sweden Holding AB Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial							14.40	12.61	4.84	5.49	-

Competitive Comparison of Job Solution Sweden Holding AB's Interest Coverage

For the Staffing & Employment Services subindustry, Job Solution Sweden Holding AB'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.

Job Solution Sweden Holding AB's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Job Solution Sweden Holding AB's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Job Solution Sweden Holding AB's Interest Coverage falls into.

Job Solution Sweden Holding AB 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.

Job Solution Sweden Holding AB'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, Job Solution Sweden Holding AB's Interest Expense was kr-1.46 Mil. Its Operating Income was kr3.84 Mil. And its Long-Term Debt & Capital Lease Obligation was kr18.30 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	3.844	/	-1.464
	=	2.63

Job Solution Sweden Holding AB's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Job Solution Sweden Holding AB's Interest Expense was kr-0.36 Mil. Its Operating Income was kr-3.92 Mil. And its Long-Term Debt & Capital Lease Obligation was kr18.30 Mil.

Job Solution Sweden Holding AB did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Job Solution Sweden Holding AB (OSTO:JOBS) 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 .

Job Solution Sweden Holding AB Interest Coverage Related Terms

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