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Korea Electronic Certification Authority (XKRX:041460) Interest Coverage : 25.76 (As of Dec. 2023)


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What is Korea Electronic Certification Authority 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. Korea Electronic Certification Authority's Operating Income for the three months ended in Dec. 2023 was ₩224 Mil. Korea Electronic Certification Authority's Interest Expense for the three months ended in Dec. 2023 was ₩-9 Mil. Korea Electronic Certification Authority's interest coverage for the quarter that ended in Dec. 2023 was 25.76. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Korea Electronic Certification Authority's Interest Coverage or its related term are showing as below:

XKRX:041460' s Interest Coverage Range Over the Past 10 Years
Min: 37.54   Med: 198.8   Max: 1785014.5
Current: 37.54


XKRX:041460's Interest Coverage is ranked better than
66.5% of 794 companies
in the Business Services industry
Industry Median: 13.27 vs XKRX:041460: 37.54

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


Korea Electronic Certification Authority Interest Coverage Historical Data

The historical data trend for Korea Electronic Certification Authority'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.

Korea Electronic Certification Authority Interest Coverage Chart

Korea Electronic Certification Authority Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 191.46 112.03 68.80 68.06 37.54

Korea Electronic Certification Authority 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.65 38.56 26.07 79.86 25.76

Competitive Comparison of Korea Electronic Certification Authority's Interest Coverage

For the Security & Protection Services subindustry, Korea Electronic Certification Authority'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.


Korea Electronic Certification Authority's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Korea Electronic Certification Authority's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Korea Electronic Certification Authority's Interest Coverage falls into.



Korea Electronic Certification Authority 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.

Korea Electronic Certification Authority'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, Korea Electronic Certification Authority's Interest Expense was ₩-84 Mil. Its Operating Income was ₩3,141 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩427 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*3140.593/-83.649
=37.54

Korea Electronic Certification Authority's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Korea Electronic Certification Authority's Interest Expense was ₩-9 Mil. Its Operating Income was ₩224 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩427 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*223.826/-8.688
=25.76

* 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.


Korea Electronic Certification Authority  (XKRX:041460) 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 .


Korea Electronic Certification Authority Interest Coverage Related Terms

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


Korea Electronic Certification Authority (XKRX:041460) Business Description

Traded in Other Exchanges
N/A
Address
Halim International Bldg, 7th Floor 320 Seocho-gu, Seoul, KOR
Korea Electronic Certification Authority provides Internet security services. It provides personal E-mail security services, authentication service for E-commerce and enterprise authentication solutions.

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