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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. AirSculpt Technologies's Operating Income for the three months ended in Mar. 2024 was $11.0 Mil. AirSculpt Technologies's Interest Expense for the three months ended in Mar. 2024 was $-1.5 Mil. AirSculpt Technologies's interest coverage for the quarter that ended in Mar. 2024 was 7.19. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for AirSculpt Technologies's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for AirSculpt Technologies'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.
AirSculpt Technologies Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Interest Coverage | 0.23 | 4.09 | 3.37 | - | 1.43 |
AirSculpt Technologies Quarterly Data | |||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Coverage | Get a 7-Day Free Trial | 0.91 | 2.83 | 0.52 | 1.36 | 7.19 |
For the Medical Care Facilities subindustry, AirSculpt Technologies'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.
For the Healthcare Providers & Services industry and Healthcare sector, AirSculpt Technologies's Interest Coverage distribution charts can be found below:
* The bar in red indicates where AirSculpt Technologies's Interest Coverage falls into.
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.
AirSculpt Technologies'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, AirSculpt Technologies's Interest Expense was $-6.5 Mil. Its Operating Income was $9.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $92.2 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2023 ) | / | Interest Expense (A: Dec. 2023 ) |
= | -1 | * | 9.271 | / | -6.485 | |
= | 1.43 |
AirSculpt Technologies's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Here, for the three months ended in Mar. 2024, AirSculpt Technologies's Interest Expense was $-1.5 Mil. Its Operating Income was $11.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $90.6 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 11.017 | / | -1.532 | |
= | 7.19 |
* 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.
AirSculpt Technologies (NAS:AIRS) 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 .
Thank you for viewing the detailed overview of AirSculpt Technologies's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Todd Magazine | director, officer: President and CEO | 1111 LINCOLN ROAD, SUITE 802, MIAMI BEACH FL 33139 |
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Kenneth Higgins | director | 400 ALTON ROAD, UNIT TH-103M, MIAMI BEACH FL 33139 |
Aaron Rollins | director, 10 percent owner, officer: Chief Executive Officer | 400 ALTON ROAD, UNIT TH-103M, MIAMI BEACH FL 33139 |
Adam T Feinstein | director, 10 percent owner | 40 BURTON HILLS BOULEVARD SUITE 500, NASHVILLE TN 37215 |
Ronald P. Zelhof | officer: COO and President | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Pamela L. Netzky | director | C/O AMPLIFY SNACK BRANDS, INC., 500 WEST 5TH STREET, AUSTIN TX 78701 |
Daniel Sollof | director | 400 ALTON ROAD, UNIT TH-103M, MIAMI BEACH FL 33139 |
Vscp Ebs Aggregator, L.p. | director, 10 percent owner | 428 GREENWICH STREET, NEW YORK NY 10013 |
Ebs Aggregator Blocker Holdings, Llc | director, 10 percent owner | 428 GREENWICH STREET, NEW YORK NY 10013 |
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