5Banc Split (TSX:FBS.PR.C.PFD) Interest Coverage : No Debt ⁽¹⁾ (As of Jun. 2016)

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What is 5Banc Split 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. 5Banc Split's Operating Income for the six months ended in Jun. 2016 was C$2.84 Mil. 5Banc Split's Interest Expense for the six months ended in Jun. 2016 was C$0.00 Mil. 5Banc Split has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

5Banc Split Inc has no debt.

(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 5Banc Split's Interest Coverage or its related term are showing as below:

TSX:FBS.PR.C.PFD' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

TSX:FBS.PR.C.PFD's Interest Coverage is not ranked
in the Asset Management industry.
Industry Median: 43.98 vs TSX:FBS.PR.C.PFD: No Debt

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

5Banc Split Interest Coverage Historical Data

The historical data trend for 5Banc Split'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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5Banc Split Interest Coverage Chart

5Banc Split Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Interest Coverage

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No Debt

5Banc Split Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of 5Banc Split's Interest Coverage

For the Asset Management subindustry, 5Banc Split'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.

5Banc Split's Interest Coverage Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 5Banc Split's Interest Coverage distribution charts can be found below:

* The bar in red indicates where 5Banc Split's Interest Coverage falls into.

5Banc Split 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.

5Banc Split's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, 5Banc Split's Interest Expense was C$0.00 Mil. Its Operating Income was C$0.18 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

5Banc Split had no debt ⁽¹⁾.

5Banc Split's Interest Coverage for the quarter that ended in Jun. 2016 is calculated as

Here, for the six months ended in Jun. 2016, 5Banc Split's Interest Expense was C$0.00 Mil. Its Operating Income was C$2.84 Mil. And its Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.

5Banc Split had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

5Banc Split (TSX:FBS.PR.C.PFD) 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 .

5Banc Split Interest Coverage Related Terms

Thank you for viewing the detailed overview of 5Banc Split's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

5Banc Split (TSX:FBS.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 5Banc Split Inc (TSX:FBS.PR.C.PFD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.timbercreek.com

5Banc Split, Inc. operates as a closed-end mutual fund in Canada. It invests in a portfolio of publicly listed common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and toronto-Dominion Bank. The Company holds the Portfolio Shares in order to generate fixed cumulative preferential dividends for the holders of the Company's Preferred Shares. Holders of the Capital Shares will also receive, subject to the prior rights of Preferred Shareholders, excess dividends, if any, after payment of the expenses of the Company and dividends on the Preferred Shares. The Company also provides holders of the Capital Shares with a leveraged investment, the value of which is linked to the changes in the fair value of the Portfolio Shares. The holders of Capital Shares benefit from capital appreciation in the Portfolio Shares in excess of the value of the Preferred Shares, any accrued and unpaid distributions on the Preferred Shares, and accrued and unpaid expenses. The Company only trades the Portfolio Shares in limited circumstances as described in the Company's original prospectus.

5Banc Split (TSX:FBS.PR.C.PFD) Headlines

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5Banc Split (TSX:FBS.PR.C.PFD) Interest Coverage : No Debt (1) (As of Jun. 2016)