Cadiz (CDZI) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Cadiz 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. Cadiz's Operating Income for the three months ended in Dec. 2023 was $-5.45 Mil. Cadiz's Interest Expense for the three months ended in Dec. 2023 was $-1.37 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 Cadiz's Interest Coverage or its related term are showing as below:

CDZI's Interest Coverage is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 3.695
* 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.

Cadiz Interest Coverage Historical Data

The historical data trend for Cadiz'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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Cadiz Interest Coverage Chart

Cadiz Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

Interest Coverage

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Cadiz Quarterly Data
	Mar19	Jun19	Sep19	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															-	-	-	-	-

Competitive Comparison of Cadiz's Interest Coverage

For the Utilities - Regulated Water subindustry, Cadiz'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.

Cadiz's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cadiz's Interest Coverage distribution charts can be found below:

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

Cadiz 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.

Cadiz'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, Cadiz's Interest Expense was $-5.58 Mil. Its Operating Income was $-20.94 Mil. And its Long-Term Debt & Capital Lease Obligation was $60.91 Mil.

Cadiz did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2023, Cadiz's Interest Expense was $-1.37 Mil. Its Operating Income was $-5.45 Mil. And its Long-Term Debt & Capital Lease Obligation was $60.91 Mil.

Cadiz did not have earnings to cover the interest expense.

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

Cadiz (NAS:CDZI) 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 .

Cadiz Interest Coverage Related Terms

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

Cadiz (CDZI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cadiz Inc (NAS:CDZI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

2ZC:Germany

Address

550 South Hope Street, Suite 2850, Los Angeles, CA, USA, 90071

Website

https://www.cadizinc.com

Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.

Executives

Susan P Kennedy	director	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Winston H Hickox	director	C/O THOMAS PROPERTIES GROUP, INC., 515 SOUTH FLOWER STREET, 6TH FLOOR, LOS ANGELES CA 90071
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Scott S Slater	director, officer: Chief Executive Officer	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Heerema International Group Services Sa	10 percent owner	ROUTE DE FLORISSANT 81, GENEVE V8 1206
Kenneth T Lombard	director	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Richard Garcia Polanco	director	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Stephen E Courter	director	C/O CADIZ INC., 550 SOUTH HOPE STREET, 2850, LOS ANGELES X1 90071
Webb De Macias Carolyn D	director	304 NORTH ALMANSOR STREET, ALHAMBRA CA 91801
Maria Echaveste	director	1511 ARCH STREET, BERKELEY CA 94708
Odey Asset Management Llp	10 percent owner	18 UPPER BROOK STREET, LONDON, UNITED KINGDOM X0 W1K 7PU
Odey Holdings Ltd	10 percent owner	18 UPPER BROOK STREET, LONDON X0 W1K 7PU
Odey Robin Crispin William	10 percent owner	18 UPPER BROOK STREET, LONDON, UNITED KINGDOM X0 W1K 7PU
Odey Asset Management Group Ltd	10 percent owner	18 UPPER BROOK STREET, LONDON X0 W1K 7PU
Keith Brackpool	director, officer: Chief Executive Officer	550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071