Safe & Green Holdings (Safe & Green Holdings) Interest Coverage : 0 (At Loss) (As of Sep. 2023)

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What is Safe & Green Holdings 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. Safe & Green Holdings's Operating Income for the three months ended in Sep. 2023 was $-2.98 Mil. Safe & Green Holdings's Interest Expense for the three months ended in Sep. 2023 was $-0.74 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 Safe & Green Holdings's Interest Coverage or its related term are showing as below:

SGBX's Interest Coverage is not ranked ^*
in the Industrial Products industry.
Industry Median: 13.765
* 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.

Safe & Green Holdings Interest Coverage Historical Data

The historical data trend for Safe & Green Holdings'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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Safe & Green Holdings Interest Coverage Chart

Safe & Green Holdings Annual Data

Trend

Dec13

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Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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Safe & Green Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Safe & Green Holdings's Interest Coverage

For the Metal Fabrication subindustry, Safe & Green Holdings'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.

Safe & Green Holdings's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Safe & Green Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Safe & Green Holdings's Interest Coverage falls into.

Safe & Green Holdings 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.

Safe & Green Holdings'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, Safe & Green Holdings's Interest Expense was $-0.34 Mil. Its Operating Income was $-7.23 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.79 Mil.

Safe & Green Holdings did not have earnings to cover the interest expense.

Safe & Green Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Safe & Green Holdings's Interest Expense was $-0.74 Mil. Its Operating Income was $-2.98 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.23 Mil.

Safe & Green Holdings did not have earnings to cover the interest expense.

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

Safe & Green Holdings (NAS:SGBX) 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 .

Safe & Green Holdings Interest Coverage Related Terms

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Safe & Green Holdings (Safe & Green Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Safe & Green Holdings Corp (NAS:SGBX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

90S1:Germany

Address

990 Biscayne Boulevard, No. 501, Office 12, Miami, FL, USA, 33132

Website

https://www.safeandgreenholdings.com

Safe & Green Holdings Corp is a modular solutions company. The company currently provides modules made out of both code-engineered cargo shipping containers and wood for use as both permanent or temporary structures for residential housing use and commercial use, including for health care facilities. It operates in four segments: construction; medical; real estate development; and environmental. The company generates the majority of its revenue from the Construction segment which designs and constructs modular structures built in their factories using raw materials that are Made-in-America.

Executives

Thomas Meharey	director	990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132
Jill Ellen Anderson	director	990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132
Vanessa Villaverde	director	990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132
Patricia Kaelin	officer: Chief Financial Officer	990 BISCAYNE, #501, OFFICE 12, MIAMI FL 33132
Elizabeth Cormier-may	director	5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256
Shafron E. Hawkins	director	5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256
John William Shaw	10 percent owner	1005 E. LAS TUNAS DR., #116, SAN GABRIEL CA 91776
Gerald Anthony Sheeran	officer: Acting Chief Financial Officer	C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201
Margaret Coleman	director	195 MONATGUE STREET, 14TH FLOOR, 14TH FLOOR, BROOKLYN NY 11201
Yaniv Blumenfeld	director	C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201
David Roberto Villarreal	director	17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004
Joseph Safina	director	1320 SEMINOLE DRIVE, FORT LAUDERDALE FL 33304
William Jeffrey Rogers	officer: Chief Operating Officer	17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004
Mahesh S Shetty	director, officer: CFO	429 MEMORY LANE, MARSHALL TX 75672
Swets Larry G Jr	10 percent owner	105 S. MAPLE ST., ITASCA IL 60143