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Admicom Oyj (OHEL:ADMCM) Interest Coverage : 37.62 (As of Dec. 2023)


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What is Admicom Oyj 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. Admicom Oyj's Operating Income for the six months ended in Dec. 2023 was €3.72 Mil. Admicom Oyj's Interest Expense for the six months ended in Dec. 2023 was €-0.10 Mil. Admicom Oyj's interest coverage for the quarter that ended in Dec. 2023 was 37.62. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Admicom Oyj's Interest Coverage or its related term are showing as below:

OHEL:ADMCM' s Interest Coverage Range Over the Past 10 Years
Min: 6.82   Med: 48.34   Max: 2204.33
Current: 41.23


OHEL:ADMCM's Interest Coverage is ranked better than
55.11% of 1615 companies
in the Software industry
Industry Median: 29.36 vs OHEL:ADMCM: 41.23

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Admicom Oyj Interest Coverage Historical Data

The historical data trend for Admicom Oyj'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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Admicom Oyj Interest Coverage Chart

Admicom Oyj Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 2,204.33 538.63 225.52 55.44 41.23

Admicom Oyj Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 139.84 84.67 38.33 44.34 37.62

Competitive Comparison of Admicom Oyj's Interest Coverage

For the Software - Application subindustry, Admicom Oyj'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.


Admicom Oyj's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Admicom Oyj's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Admicom Oyj's Interest Coverage falls into.



Admicom Oyj 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.

Admicom Oyj'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, Admicom Oyj's Interest Expense was €-0.21 Mil. Its Operating Income was €8.82 Mil. And its Long-Term Debt & Capital Lease Obligation was €4.07 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*8.823/-0.214
=41.23

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

Here, for the six months ended in Dec. 2023, Admicom Oyj's Interest Expense was €-0.10 Mil. Its Operating Income was €3.72 Mil. And its Long-Term Debt & Capital Lease Obligation was €4.07 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*3.724/-0.099
=37.62

* 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.


Admicom Oyj  (OHEL:ADMCM) 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 .


Admicom Oyj Interest Coverage Related Terms

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


Admicom Oyj (OHEL:ADMCM) Business Description

Traded in Other Exchanges
N/A
Address
Väinönkatu 26 A 29, Jyväskylä, FIN
Admicom Oyj is a system development company. It provides cloud-based, software as a service-based, and adminet enterprise resource planning system to support small and medium-sized companies to improve competitiveness by automating workplace and office routines seamlessly into accounting. The company serves building engineers, and construction and industrial professionals.

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