EVI Industries (EVI Industries) Interest Coverage : 3.59 (As of Dec. 2023)

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What is EVI Industries 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. EVI Industries's Operating Income for the three months ended in Dec. 2023 was $3.0 Mil. EVI Industries's Interest Expense for the three months ended in Dec. 2023 was $-0.8 Mil. EVI Industries's interest coverage for the quarter that ended in Dec. 2023 was 3.59. The higher the ratio, the stronger the company's financial strength is.

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

EVI' s Interest Coverage Range Over the Past 10 Years
Min: 1.94 Med: 10.99 Max: No Debt
Current: 4.53

EVI's Interest Coverage is ranked worse than
70.77% of 130 companies
in the Industrial Distribution industry
Industry Median: 8.625 vs EVI: 4.53

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

EVI Industries Interest Coverage Historical Data

The historical data trend for EVI Industries'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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EVI Industries Interest Coverage Chart

EVI Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

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5.04

1.94

5.11

9.41

6.58

EVI Industries 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															5.83	6.23	5.09	3.40	3.59

Competitive Comparison of EVI Industries's Interest Coverage

For the Industrial Distribution subindustry, EVI Industries'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.

EVI Industries's Interest Coverage Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, EVI Industries's Interest Coverage distribution charts can be found below:

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

EVI Industries 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.

EVI Industries's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, EVI Industries's Interest Expense was $-2.5 Mil. Its Operating Income was $16.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $41.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	16.506	/	-2.507
	=	6.58

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

Here, for the three months ended in Dec. 2023, EVI Industries's Interest Expense was $-0.8 Mil. Its Operating Income was $3.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $38.3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2.951	/	-0.823
	=	3.59

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

EVI Industries (AMEX:EVI) 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 .

EVI Industries Interest Coverage Related Terms

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

EVI Industries (EVI Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » EVI Industries Inc (AMEX:EVI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4500 Biscayne Boulevard, Suite 340, Miami, FL, USA, 33137

Website

https://www.evi-ind.com

EVI Industries Inc through its subsidiaries, is a distributor that sells, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment and steam and hot water boilers manufactured by others, supplies related replacement parts and accessories, designs and plans turn-key laundry, dry cleaning, and boiler systems, and provides installation and maintenance services to its customers, which include commercial, industrial, institutional, government, and retail customers. These activities are conducted in the United States, Canada, the Caribbean and Latin America.

Executives

Hal M Lucas	director	290 NE 68 STREET, MIAMI FL 33138
Thomas Marks	officer: EVP, Business Development	2331 TRIPALDI WAY, HAYWARD CA 94545
Henry M Nahmad	director, 10 percent owner, officer: Chairman, CEO and President	C/O ENVIROSTAR, INC., 290 NE 68 STREET, MIAMI FL 33138
Robert Lazar	officer: Chief Financial Officer	770 SOUTH DIXIE HIGHWAY #200, CORAL CABLES FL 33146
David Blyer	director
Glen Kruger	director	4500 BISCAYNE BOULEVARD, SUITE 340, MIAMI FL 33137
Timothy P Lamacchia	director	290 N.E. 68TH STREET, MIAMI FL 33138
Western State Design, Llc	10 percent owner	2331 TRIPALDI WAY, HAYWARD CA 94545
Dennis W. Mack	director, 10 percent owner, officer: Executive Vice President	2331 TRIPALDI WAY, HAYWARD CA 94545
Michael S Steiner	director, 10 percent owner, officer: President and CEO	290 NE 68 STREET, MIAMI FL 33138
Symmetric Capital Ii Llc	10 percent owner	290 NE 68 STREET, MIAMI FL 33138
Todd Oretsky	director	330 SW 2ND STREET, SUITE 209, FORT LAUDERDALE FL 33312
Symmetric Capital Llc	10 percent owner	C/O ENVIROSTAR, INC., 290 NE 68 STREET, MIAMI FL 33138
Robert M Steiner	10 percent owner	315 CORNWALL STREET, SAN FRANCISCO CA 94118
Indelicato Venerando	director, officer: Treasurer and CFO	12307 MARBLEHEAD DRIVE, TAMPA FL 33626