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Webrock Ventures AB (OSTO:WRV) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Webrock Ventures AB 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. Webrock Ventures AB's Operating Income for the three months ended in Mar. 2024 was kr-19.89 Mil. Webrock Ventures AB's Interest Expense for the three months ended in Mar. 2024 was kr-0.08 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 Webrock Ventures AB's Interest Coverage or its related term are showing as below:


OSTO:WRV's Interest Coverage is not ranked *
in the Asset Management industry.
Industry Median: 40.66
* 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.


Webrock Ventures AB Interest Coverage Historical Data

The historical data trend for Webrock Ventures AB'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.

Webrock Ventures AB Interest Coverage Chart

Webrock Ventures AB Annual Data
Trend
Interest Coverage

Webrock Ventures AB Quarterly Data
Mar20 Sep20 Mar21 Jun21 Sep21 Jun22 Sep22 Mar23 Jun23 Sep23 Mar24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - No Debt -

Competitive Comparison of Webrock Ventures AB's Interest Coverage

For the Asset Management subindustry, Webrock Ventures AB'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.


Webrock Ventures AB's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Webrock Ventures AB's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Webrock Ventures AB's Interest Coverage falls into.



Webrock Ventures AB 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.

Webrock Ventures AB's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Webrock Ventures AB's Interest Expense was kr0.00 Mil. Its Operating Income was kr0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Webrock Ventures AB had no debt (1).

Webrock Ventures AB's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Webrock Ventures AB's Interest Expense was kr-0.08 Mil. Its Operating Income was kr-19.89 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Webrock Ventures AB 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.


Webrock Ventures AB  (OSTO:WRV) 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 .


Webrock Ventures AB Interest Coverage Related Terms

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Webrock Ventures AB (OSTO:WRV) Business Description

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Webrock Ventures AB is a venture studio that starts and builds companies. It invests in large, growing sectors with immense potential for value creation, and positive social and economic impact. Further, it uses the proven business models and technology of Swedish companies to gain a head start in Brazil's rapidly growing digital industry.

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