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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. PetVivo Holdings's Operating Income for the three months ended in Dec. 2023 was $-2.13 Mil. PetVivo Holdings's Interest Expense for the three months ended in Dec. 2023 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.
The historical rank and industry rank for PetVivo Holdings's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for PetVivo Holdings'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.
PetVivo Holdings Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | N/A | N/A |
PetVivo Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Interest Coverage | Get a 7-Day Free Trial | N/A | N/A | N/A | - | - |
For the Medical Devices subindustry, PetVivo Holdings'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.
For the Medical Devices & Instruments industry and Healthcare sector, PetVivo Holdings's Interest Coverage distribution charts can be found below:
* The bar in red indicates where PetVivo Holdings's Interest Coverage falls into.
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.
PetVivo Holdings's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as
Here, for the fiscal year that ended in Mar. 2023, PetVivo Holdings's Interest Expense was $0.00 Mil. Its Operating Income was $-8.73 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.26 Mil.
GuruFocus does not calculate PetVivo Holdings's interest coverage with the available data. |
PetVivo Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the three months ended in Dec. 2023, PetVivo Holdings's Interest Expense was $-0.00 Mil. Its Operating Income was $-2.13 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.07 Mil.
PetVivo Holdings 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.
PetVivo Holdings (OTCPK:PETV) 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 .
Thank you for viewing the detailed overview of PetVivo Holdings's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
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A.l. Sarroff Fund, Llc | 10 percent owner | 43 MEADOW WOODS ROAD, GREAT NECK NY 11020 |
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Robert J Costantino | director | 5805 SEPULVEDA BLVD., SUITE 801, SHERMAN OAKS CA 91411 |
Joseph William Jasper | director | 201 SOUTH 11TH STREET, UNIT 1030, MINNEAPOLIS MN 55403 |
John Lai | director, 10 percent owner, officer: CEO | 12100 SINGLETREE LANE, SUITE 186, EDEN PRAIRIE MN 55344 |
Robert James Rudelius | director | 6913 ARBOR LANE, MCCLEAN VA 22101 |
Leslie Anne Coolidge | director | 345 OLD SUTTON ROAD, BARRINGTON HILLS IL 60010 |
Robert J. Folkes | officer: Chief Financial Officer | 1331 TYLER STREET NE, SUITE 200, MINNEAPOLIS MN 55413 |
Scott Mitchell Johnson | director | 475 LAKESHORE UNIT #32, INCLINE VILLAGE NV 89451 |
James Joseph Martin | director | 4400 BISCAYNE BLVD, SUITE # 670, MIAMI FL 33157 |
Gregory D Cash | director | |
John Michael Carruth | officer: Acting Chief Financial Officer | 4923 RIVER WOOD DR., SAVAGE MN 55439 |
Sherry Grisewood | director | 377 FAIRMOUNT ROAD, CALIFON NJ 07830 |
David Don Deming | director | 16200 45TH STREET SOUTH, AFTON MN 55001 |
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