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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. Telesis Bio's Operating Income for the three months ended in Dec. 2023 was $-6.09 Mil. Telesis Bio's Interest Expense for the three months ended in Dec. 2023 was $-1.84 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 Telesis Bio'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 Telesis Bio'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.
Telesis Bio Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Interest Coverage | N/A | - | - | - | - |
Telesis Bio Quarterly Data | |||||||||||||||||
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 | - | - | - | - | - |
For the Medical Devices subindustry, Telesis Bio'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, Telesis Bio's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Telesis Bio'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.
Telesis Bio'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, Telesis Bio's Interest Expense was $-3.11 Mil. Its Operating Income was $-35.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $32.56 Mil.
Telesis Bio did not have earnings to cover the interest expense. |
Telesis Bio's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the three months ended in Dec. 2023, Telesis Bio's Interest Expense was $-1.84 Mil. Its Operating Income was $-6.09 Mil. And its Long-Term Debt & Capital Lease Obligation was $32.56 Mil.
Telesis Bio 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.
Telesis Bio (NAS:TBIO) 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 Telesis Bio's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory J. Herrema | director | 355 RIVER OAKS PARKWAY, SAN JOSE CA 95134 |
Marijn E Dekkers | 10 percent owner | GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210 |
Novalis Lifesciences Investments Ii Gp, Llc | 10 percent owner | 1 LIBERTY LANE E, SUITE 112, HAMPTON NH 03842 |
Novalis Lifesciences Investments Ii, L.p. | 10 percent owner | 1 LIBERTY LANE E, SUITE 112, HAMPTON NH 03842 |
Broadoak Fund Iv, Llc | 10 percent owner | 4800 MONTGOMERY LANE, SUITE 230, BETHESDA MD 20814 |
William Snider | director, 10 percent owner | 4800 MONTGOMERY LANE, SUITE 230, BETHESDA MD 20814 |
Paul M Meister | director, 10 percent owner | 18 SHIP ROCK ROAD, NORTH HAMPTON NH 03862 |
Rob Cutler | officer: Chief Legal Officer | C/O TELESIS BIO, INC., 9535 WAPLES STREET, SUITE 100, SAN DIEGO CA 92121 |
Daniel Glenn Gibson | officer: Chief Technology Officer | C/O CODEX DNA, INC., 9535 WAPLES STREET, SUITE 100, SAN DIEGO CA 92121 |
Todd Robert Nelson | director, 10 percent owner, officer: President & CEO | C/O CODEX DNA, INC., 9535 WAPLES STREET, SUITE 100, SAN DIEGO CA 92121 |
Eric Eugene Esser | officer: Chief Operating Officer | C/O CODEX DNA, INC., 9535 WAPLES STREET, SUITE 100, SAN DIEGO CA 92121 |
Annette Tumolo | director | C/O BIO-RAD LABORATORIES, INC., 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547 |
Northpond Ventures Gp, Llc | 10 percent owner | 7500 OLD GEORGETOWN ROAD, SUITE 850, BETHESDA MD 20814 |
Northpond Ventures Gp Ii, Llc | 10 percent owner | 7500 OLD GEORGETOWN ROAD, SUITE 850, BESTHESDA MD 20814 |
Northpond Ventures Ii, Lp | 10 percent owner | 7500 OLD GEORGETOWN ROAD, SUITE 850, BETHESDA MD 20814 |
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