Espe SpA (MIL:ESPE) Interest Coverage : N/A (As of Jun. 2023)

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What is Espe SpA 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. Espe SpA's Operating Income for the three months ended in Jun. 2023 was €0.00 Mil. Espe SpA's Interest Expense for the three months ended in Jun. 2023 was €0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Espe SpA's Interest Coverage or its related term are showing as below:

MIL:ESPE's Interest Coverage is not ranked ^*
in the Construction industry.
Industry Median: 7.06
* 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.

Espe SpA Interest Coverage Historical Data

The historical data trend for Espe SpA'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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Espe SpA Interest Coverage Chart

Espe SpA Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

4.83

7.21

Espe SpA Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	N/A	No Debt	N/A	N/A	N/A

Competitive Comparison of Espe SpA's Interest Coverage

For the Engineering & Construction subindustry, Espe SpA'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.

Espe SpA's Interest Coverage Distribution in the Construction Industry

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

* The bar in red indicates where Espe SpA's Interest Coverage falls into.

Espe SpA 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.

Espe SpA's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Espe SpA's Interest Expense was €-0.13 Mil. Its Operating Income was €0.61 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.07 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	0.613	/	-0.127
	=	4.83

Espe SpA's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Espe SpA's Interest Expense was €0.00 Mil. Its Operating Income was €0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.37 Mil.

GuruFocus does not calculate Espe SpA's interest coverage with the available data.

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

Espe SpA (MIL:ESPE) 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 .

Espe SpA Interest Coverage Related Terms

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Espe SpA (MIL:ESPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Espe SpA (MIL:ESPE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Espe SpA is a company which is producers of cutting edge solutions. They are born as installers of industrial electrical systems, over the years they have accumulated a rich wealth of experience, expanding its activities in the field of installation of photovoltaic systems and in the direct production of innovative technologies in the small wind, hydroelectric and biomass sectors.

Espe SpA (MIL:ESPE) Headlines

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