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Firemans Contractors (Firemans Contractors) Interest Coverage : 0 (At Loss) (As of Mar. 2014)


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What is Firemans Contractors 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. Firemans Contractors's Operating Income for the three months ended in Mar. 2014 was $-0.03 Mil. Firemans Contractors's Interest Expense for the three months ended in Mar. 2014 was $-0.02 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 Firemans Contractors's Interest Coverage or its related term are showing as below:


FRCN's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.095
* Ranked among companies with meaningful Interest Coverage only.

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


Firemans Contractors Interest Coverage Historical Data

The historical data trend for Firemans Contractors'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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Firemans Contractors Interest Coverage Chart

Firemans Contractors Annual Data
Trend Jun11 Jun12 Jun13
Interest Coverage
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Firemans Contractors Quarterly Data
Mar10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14
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 - - - - -

Competitive Comparison of Firemans Contractors's Interest Coverage

For the Engineering & Construction subindustry, Firemans Contractors'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.


Firemans Contractors's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Firemans Contractors's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Firemans Contractors's Interest Coverage falls into.



Firemans Contractors 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.

Firemans Contractors's Interest Coverage for the fiscal year that ended in Jun. 2013 is calculated as

Here, for the fiscal year that ended in Jun. 2013, Firemans Contractors's Interest Expense was $-0.42 Mil. Its Operating Income was $-0.31 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Firemans Contractors did not have earnings to cover the interest expense.

Firemans Contractors's Interest Coverage for the quarter that ended in Mar. 2014 is calculated as

Here, for the three months ended in Mar. 2014, Firemans Contractors's Interest Expense was $-0.02 Mil. Its Operating Income was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Firemans Contractors 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.


Firemans Contractors  (OTCPK:FRCN) 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 .


Firemans Contractors Interest Coverage Related Terms

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


Firemans Contractors (Firemans Contractors) Business Description

Traded in Other Exchanges
N/A
Address
2313 E Loop 820 N, Fort Worth, TX, USA, 76118
Firemans Contractors Inc is a full service painting company, focusing on residential, commercial and industrial parking lot striping, and parking lot maintenance services.

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