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Viafin Service Oyj (OHEL:VIAFIN) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Viafin Service 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. Viafin Service Oyj's Operating Income for the six months ended in Dec. 2023 was €2.92 Mil. Viafin Service Oyj's Interest Expense for the six months ended in Dec. 2023 was €0.03 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Viafin Service Oyj has enough cash to cover all of its debt. Its financial situation is stable.

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

OHEL:VIAFIN' s Interest Coverage Range Over the Past 10 Years
Min: 21.94   Med: 710.94   Max: No Debt
Current: 462.11


OHEL:VIAFIN's Interest Coverage is ranked better than
92.09% of 2300 companies
in the Industrial Products industry
Industry Median: 13.505 vs OHEL:VIAFIN: 462.11

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


Viafin Service Oyj Interest Coverage Historical Data

The historical data trend for Viafin Service 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.

* Premium members only.

Viafin Service Oyj Interest Coverage Chart

Viafin Service Oyj Annual Data
Trend Jul17 Jul18 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial No Debt 1,148.00 857.00 564.88 462.11

Viafin Service Oyj Semi-Annual Data
Jul17 Jul18 Jan19 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 - 35.79 - 33.38 -

Competitive Comparison of Viafin Service Oyj's Interest Coverage

For the Specialty Industrial Machinery subindustry, Viafin Service 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.


Viafin Service Oyj's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Viafin Service Oyj's Interest Coverage distribution charts can be found below:

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



Viafin Service 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.

Viafin Service 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, Viafin Service Oyj's Interest Expense was €-0.01 Mil. Its Operating Income was €4.16 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.01 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*4.159/-0.009
=462.11

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

Here, for the six months ended in Dec. 2023, Viafin Service Oyj's Interest Expense was €0.03 Mil. Its Operating Income was €2.92 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.01 Mil.

* 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.


Viafin Service Oyj  (OHEL:VIAFIN) 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 .


Viafin Service Oyj Interest Coverage Related Terms

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


Viafin Service Oyj (OHEL:VIAFIN) Business Description

Traded in Other Exchanges
N/A
Address
Kullervonkatu 15, Tampere, FIN, 33500
Viafin Service Oyj is specialized in industrial maintenance services, installation, and maintenance of industrial piping, equipment, and gas-based systems. It offers wide range of services includes maintenance and system supply of LNG and biogas systems, gas grids, and gas filling stations. The company's business is mainly in Finland and its clientele consists of several major companies in the pulp, energy, chemical, and metal industry.

Viafin Service Oyj (OHEL:VIAFIN) Headlines

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