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Green Planet Group (Green Planet Group) Interest Coverage : 0 (At Loss) (As of Sep. 2011)


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What is Green Planet Group 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. Green Planet Group's Operating Income for the three months ended in Sep. 2011 was $-0.60 Mil. Green Planet Group's Interest Expense for the three months ended in Sep. 2011 was $-0.27 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 Green Planet Group's Interest Coverage or its related term are showing as below:


GNPG's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 9.55
* 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.


Green Planet Group Interest Coverage Historical Data

The historical data trend for Green Planet Group'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.

Green Planet Group Interest Coverage Chart

Green Planet Group Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11
Interest Coverage
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Green Planet Group Quarterly Data
Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
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 - N/A - - -

Competitive Comparison of Green Planet Group's Interest Coverage

For the Specialty Chemicals subindustry, Green Planet Group'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.


Green Planet Group's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Green Planet Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Green Planet Group's Interest Coverage falls into.



Green Planet Group 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.

Green Planet Group's Interest Coverage for the fiscal year that ended in Mar. 2011 is calculated as

Here, for the fiscal year that ended in Mar. 2011, Green Planet Group's Interest Expense was $-5.77 Mil. Its Operating Income was $-2.88 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.07 Mil.

Green Planet Group did not have earnings to cover the interest expense.

Green Planet Group's Interest Coverage for the quarter that ended in Sep. 2011 is calculated as

Here, for the three months ended in Sep. 2011, Green Planet Group's Interest Expense was $-0.27 Mil. Its Operating Income was $-0.60 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.78 Mil.

Green Planet Group 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.


Green Planet Group  (OTCPK:GNPG) 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 .


Green Planet Group Interest Coverage Related Terms

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


Green Planet Group (Green Planet Group) Business Description

Traded in Other Exchanges
N/A
Address
3259 E. Harbour Drive, Suite 101, Phoenix, AZ, USA, 85034
Green Planet Group Inc, through its subsidiaries, is engaged in the following businesses: production of lubricants and additives for gasoline and diesel-fueled engines; developing a hydrogen generator that reduces hydrocarbon emissions while improving fuel efficiency; developing a new "fast track" growing system capable of growing vast amounts of fresh organic food at the point of consumption reducing transportation costs while reducing water use by 90+% and increasing productivity by 300%; and developing green technologies for use in the mining of rare and precious metals and elements.

Green Planet Group (Green Planet Group) Headlines

From GuruFocus

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Green Planet Group Secures Long-Term Funding

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Green Planet Awarded Multi-Million Dollar Contract

By PRNewswire PRNewswire 01-18-2022