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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. Cyxtera Technologies's Operating Income for the three months ended in Mar. 2023 was $-9.2 Mil. Cyxtera Technologies's Interest Expense for the three months ended in Mar. 2023 was $-45.3 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 Cyxtera 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 Cyxtera 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.
Cyxtera Technologies Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Interest Coverage | 0.31 | - | - |
Cyxtera Technologies Quarterly Data | |||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Information Technology Services subindustry, Cyxtera 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 Software industry and Technology sector, Cyxtera Technologies's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Cyxtera 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.
Cyxtera Technologies's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as
Here, for the fiscal year that ended in Dec. 2022, Cyxtera Technologies's Interest Expense was $-159.4 Mil. Its Operating Income was $-43.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,204.0 Mil.
Cyxtera Technologies did not have earnings to cover the interest expense. |
Cyxtera Technologies's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as
Here, for the three months ended in Mar. 2023, Cyxtera Technologies's Interest Expense was $-45.3 Mil. Its Operating Income was $-9.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,268.5 Mil.
Cyxtera Technologies 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.
Cyxtera Technologies (OTCPK:CYXTQ) 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 Cyxtera Technologies's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey C Smith | director, 10 percent owner | 201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301 |
Starboard Value Lp | director, 10 percent owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017 |
Starboard Value & Opportunity Master Fund L Lp | director, 10 percent owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017 |
Scott D. Vogel | director | 885 PARK AVENUE, NEW YORK NY 10075 |
Frederick Arnold | director | CHATSWORTH ADVISORS, INC., 3 YORK ROAD, LARCHMONT NY 10538 |
Roger Meltzer | director | 80 PINE STREET, C/O CAHILL GORDON& REINDELL LLP, NEW YORK NY 10005 |
Benjamin Phillips | director | 2 ALHAMBRA PLAZA, SUITE PH-1-B, CORAL GABLES FL 33134 |
James Randolph Rowland | officer: Chief Operating Officer | C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134 |
Victor Semah | officer: Chief Legal Officer | C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134 |
Carlos Ignacio Sagasta | officer: Chief Financial Officer | C/O CYXTERA TECHNOLOGIES, INC., 2333 PONCE DE LEON, SUITE 900, CORAL CABLES FL 33134 |
Fonseca Nelson A. Jr | director, officer: See Remarks | ONE BISCAYNE TOWER, 2 S. BISCAYNE BLVD, SUITE 2800, MIAMI FL 33131 |
Edmundo Miranda | officer: See Remarks | C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025 |
Bcec-sis Holdings L.p. | 10 percent owner | ARNOLD HOUSE PO BOX 273, ST JULIAN'S AVENUE, ST PETER PORT Y7 GY1 3RD |
Gregory L Waters | director | ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250 |
Starboard Value L Lp | director, 10 percent owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017 |
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