Zaptec ASA (FRA:6I4) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Zaptec ASA 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. Zaptec ASA's Operating Income for the three months ended in Dec. 2023 was €-4.1 Mil. Zaptec ASA's Interest Expense for the three months ended in Dec. 2023 was €-0.0 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 Zaptec ASA's Interest Coverage or its related term are showing as below:

FRA:6I4' s Interest Coverage Range Over the Past 10 Years
Min: 0.66 Med: 22.51 Max: No Debt
Current: 0.66

FRA:6I4's Interest Coverage is ranked worse than
95.57% of 1038 companies
in the Vehicles & Parts industry
Industry Median: 7.695 vs FRA:6I4: 0.66

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

Zaptec ASA Interest Coverage Historical Data

The historical data trend for Zaptec ASA'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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Zaptec ASA Interest Coverage Chart

Zaptec ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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34.59

12.63

27.62

17.39

Zaptec ASA Quarterly Data
	Dec17	Dec18	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														-	-	2.26	3.67	-

Competitive Comparison of Zaptec ASA's Interest Coverage

For the Auto Parts subindustry, Zaptec ASA'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.

Zaptec ASA's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zaptec ASA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zaptec ASA's Interest Coverage falls into.

Zaptec ASA 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.

Zaptec ASA'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, Zaptec ASA's Interest Expense was €-0.1 Mil. Its Operating Income was €1.1 Mil. And its Long-Term Debt & Capital Lease Obligation was €3.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.148	/	-0.066
	=	17.39

Zaptec ASA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Zaptec ASA's Interest Expense was €-0.0 Mil. Its Operating Income was €-4.1 Mil. And its Long-Term Debt & Capital Lease Obligation was €3.8 Mil.

Zaptec ASA did not have earnings to cover the interest expense.

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

Zaptec ASA (FRA:6I4) 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 .

Zaptec ASA Interest Coverage Related Terms

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

Zaptec ASA (FRA:6I4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zaptec ASA (FRA:6I4) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

ZAPO:Sweden ZAP:Norway

Address

Professor Olav Hanssens vei 7A, Stavanger, NOR, 4021

Website

https://www.zaptec.com

Zaptec ASA is a technology company within Electronic vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables a large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.

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