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Registered Plan Private Investments (Registered Plan Private Investments) Interest Coverage : No Debt (1) (As of Dec. 2019)


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What is Registered Plan Private Investments 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. Registered Plan Private Investments's Operating Income for the three months ended in Dec. 2019 was $-0.08 Mil. Registered Plan Private Investments's Interest Expense for the three months ended in Dec. 2019 was $0.00 Mil. Registered Plan Private Investments has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Registered Plan Private Investments's Interest Coverage or its related term are showing as below:


LXGTF's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 39.57
* 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.


Registered Plan Private Investments Interest Coverage Historical Data

The historical data trend for Registered Plan Private Investments'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.

* Premium members only.

Registered Plan Private Investments Interest Coverage Chart

Registered Plan Private Investments Annual Data
Trend Dec16 Dec17 Dec18 Dec19
Interest Coverage
No Debt No Debt No Debt -

Registered Plan Private Investments Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Registered Plan Private Investments's Interest Coverage

For the Asset Management subindustry, Registered Plan Private Investments'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.


Registered Plan Private Investments's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Registered Plan Private Investments's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Registered Plan Private Investments's Interest Coverage falls into.



Registered Plan Private Investments 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.

Registered Plan Private Investments's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, Registered Plan Private Investments's Interest Expense was $-0.09 Mil. Its Operating Income was $-0.41 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Registered Plan Private Investments did not have earnings to cover the interest expense.

Registered Plan Private Investments's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Here, for the three months ended in Dec. 2019, Registered Plan Private Investments's Interest Expense was $0.00 Mil. Its Operating Income was $-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Registered Plan Private Investments had no debt (1).

* 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.


Registered Plan Private Investments  (OTCPK:LXGTF) 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 .


Registered Plan Private Investments Interest Coverage Related Terms

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


Registered Plan Private Investments (Registered Plan Private Investments) Business Description

Traded in Other Exchanges
N/A
Address
1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9
Registered Plan Private Investments Inc is a private investment platform company that allows investors to use their Registered Plans (including registered retirement savings plans, registered education savings plans, tax-free savings accounts, registered retirement income funds, and registered disability savings plans) at their direction to invest in private companies by purchasing tracking shares in RPPI, which in turn uses these proceeds to invest in the specific private company chosen by the investor.

Registered Plan Private Investments (Registered Plan Private Investments) Headlines

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