AmpliTech Group (AmpliTech Group) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is AmpliTech Group 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. AmpliTech Group's Operating Income for the three months ended in Mar. 2024 was $-1.43 Mil. AmpliTech Group's Interest Expense for the three months ended in Mar. 2024 was $-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 AmpliTech Group's Interest Coverage or its related term are showing as below:

AMPG's Interest Coverage is not ranked ^*
in the Hardware industry.
Industry Median: 12.86
* 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.

AmpliTech Group Interest Coverage Historical Data

The historical data trend for AmpliTech Group'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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AmpliTech Group Interest Coverage Chart

AmpliTech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.08

20.85

N/A

AmpliTech Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															N/A	N/A	-	-	-

Competitive Comparison of AmpliTech Group's Interest Coverage

For the Communication Equipment subindustry, AmpliTech Group'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.

AmpliTech Group's Interest Coverage Distribution in the Hardware Industry

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

* The bar in red indicates where AmpliTech Group's Interest Coverage falls into.

AmpliTech Group 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.

AmpliTech Group'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, AmpliTech Group's Interest Expense was $0.00 Mil. Its Operating Income was $-2.58 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.21 Mil.

GuruFocus does not calculate AmpliTech Group's interest coverage with the available data.

AmpliTech Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, AmpliTech Group's Interest Expense was $-0.00 Mil. Its Operating Income was $-1.43 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.12 Mil.

AmpliTech Group did not have earnings to cover the interest expense.

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

AmpliTech Group (NAS:AMPG) 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 .

AmpliTech Group Interest Coverage Related Terms

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

AmpliTech Group (AmpliTech Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AmpliTech Group Inc (NAS:AMPG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

155 Plant Avenue, Hauppauge, NY, USA, 11788

Website

https://www.amplitechinc.com

AmpliTech Group Inc designs, develop, engineers, & assembles micro-wave component-based amplifiers that meet individual customer specifications. Its products consist of RF amplifiers & related subsystems, operating at multiple frequencies from 50kHz to 44GHz, including Low Noise Amplifiers, Medium Power Amplifiers, oscillators, filters, & custom assemblies such as MMIC (Monolithic Microwave Integrated Circuit) and MIC (Microwave Integrated Circuit) designs. It also offers non-recurring engineering services on a project-by-project basis, for a predetermined fixed contractual amount, or on a time-plus-material basis. It also operates as a manufacturer, & distributor of cryogenic microwave amplifiers, RF designs, & applications for Wireless Networks & the future of Wireless Communication.

Executives

Daniel Richard Mazziota	director	C/O AMPLITECH, INC., 155 PLANT AVENUE, HAUPPAUGE NY 11788
Jorge Luis Flores	officer: Chief Operating Officer	155 PLANT AVENUE, HAUPPAUGE NY 11788
Fawad Maqbool	director, 10 percent owner, officer: President, CEO and Secretary	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Matthew Joseph Kappers	director	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Louisa Sanfratello	officer: Chief Financial Officer	155 PLANT AVENUE, HAUPPAUGE NY 11788
Wayne Stephen Homschek	director	535 FIFTH ST., 22ND FLOOR, NEW YORK NY 10017
Andrew Dylan Lee	director	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Microphase Corp	10 percent owner	100 TRAP FALLS ROAD EXTENSION,, SUITE 400, SHELTON CT 06484