GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Next Dynamics Inc (OTCPK:NEXD) » Definitions » Interest Coverage

Next Dynamics (Next Dynamics) Interest Coverage : 0 (At Loss) (As of . 20)


View and export this data going back to 2009. Start your Free Trial

What is Next Dynamics 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. Next Dynamics's Operating Income for the three months ended in . 20 was $0.00 Mil. Next Dynamics's Interest Expense for the three months ended in . 20 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.

(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 Next Dynamics's Interest Coverage or its related term are showing as below:


NEXD's Interest Coverage is not ranked *
in the Aerospace & Defense industry.
Industry Median: 7.18
* 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.


Next Dynamics Interest Coverage Historical Data

The historical data trend for Next Dynamics'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.

Next Dynamics Interest Coverage Chart

Next Dynamics Annual Data
Trend
Interest Coverage

Next Dynamics Quarterly Data
Interest Coverage

Competitive Comparison of Next Dynamics's Interest Coverage

For the Aerospace & Defense subindustry, Next Dynamics'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.


Next Dynamics's Interest Coverage Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Next Dynamics's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Next Dynamics's Interest Coverage falls into.



Next Dynamics 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.

Next Dynamics's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Next Dynamics's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Next Dynamics had no debt (1).

Next Dynamics's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the three months ended in . 20, Next Dynamics's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Next Dynamics 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.


Next Dynamics  (OTCPK:NEXD) 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 .


Next Dynamics Interest Coverage Related Terms

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


Next Dynamics (Next Dynamics) Business Description

Traded in Other Exchanges
N/A
Address
226 N Front Street, Suite 143, Wilmington, NC, USA, 28401
Next Dynamics Inc is engaged in e research, development and licensing of patented and proprietary military defense technologies. The Company's primary activities have included designing, developing, patenting, production and testing of its small arms ammunition technologies.