Oneview Healthcare (ASX:ONE) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Oneview Healthcare 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. Oneview Healthcare's Operating Income for the six months ended in Dec. 2023 was A$-6.82 Mil. Oneview Healthcare's Interest Expense for the six months ended in Dec. 2023 was A$-0.72 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 Oneview Healthcare's Interest Coverage or its related term are showing as below:

ASX:ONE's Interest Coverage is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 9.145
* 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.

Oneview Healthcare Interest Coverage Historical Data

The historical data trend for Oneview Healthcare'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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Oneview Healthcare Interest Coverage Chart

Oneview Healthcare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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Oneview Healthcare Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial											-	-	-	-	-

Competitive Comparison of Oneview Healthcare's Interest Coverage

For the Health Information Services subindustry, Oneview Healthcare'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.

Oneview Healthcare's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Oneview Healthcare's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Oneview Healthcare's Interest Coverage falls into.

Oneview Healthcare 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.

Oneview Healthcare'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, Oneview Healthcare's Interest Expense was A$-0.84 Mil. Its Operating Income was A$-14.43 Mil. And its Long-Term Debt & Capital Lease Obligation was A$1.27 Mil.

Oneview Healthcare did not have earnings to cover the interest expense.

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

Here, for the six months ended in Dec. 2023, Oneview Healthcare's Interest Expense was A$-0.72 Mil. Its Operating Income was A$-6.82 Mil. And its Long-Term Debt & Capital Lease Obligation was A$1.27 Mil.

Oneview Healthcare did not have earnings to cover the interest expense.

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

Oneview Healthcare (ASX:ONE) 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 .

Oneview Healthcare Interest Coverage Related Terms

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Oneview Healthcare (ASX:ONE) Business Description

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ONVVF:USA

Address

Temple Road, 2nd Floor, Avoca Court, Blackrock Co, Dublin, IRL, A94 R7W3

Website

https://www.oneviewhealthcare.com

Oneview Healthcare PLC provides patient engagement and clinical workflow technology solutions to healthcare facilities. It provides various solutions such as Inpatient Solution, Outpatient Solution, Clinical Pathways, and others. The company generates its revenue in the form of software usage and content revenue, support income, and license fees. Geographically the company operates in Ireland, the United States, Australia, and the Middle East, and Asia. Generating, a majority of its revenue is from Australia. The group has one reportable segment which provides a patient engagement solution for the healthcare sector.