Switch to:
First Trust Energy Income & Growth Fund (AMEX:FEN)
Interest Coverage
0.00 (As of Nov. 2013)

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. First Trust Energy Income & Growth Fund's Operating Income for the six months ended in Nov. 2013 was $-2.20 Mil. First Trust Energy Income & Growth Fund's Interest Expense for the six months ended in Nov. 2013 was $-1.69 Mil. First Trust Energy Income & Growth Fund's interest coverage for the quarter that ended in Nov. 2013 was 0.00. The higher the ratio, the stronger the company’s financial strength is.

FEN' s 10-Year Interest Coverage Range
Min: 0   Max: 0
Current: 0

FEN's Interest Coverageis ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. FEN: 0.00 )

Definition

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

First Trust Energy Income & Growth Fund did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt is 0, or Interest Expense is positive, then

First Trust Energy Income & Growth Fund had no debt.

First Trust Energy Income & Growth Fund's Interest Coverage for the fiscal year that ended in Nov. 2013 is calculated as

Here, for the fiscal year that ended in Nov. 2013, First Trust Energy Income & Growth Fund's Interest Expense was $-2.60 Mil. Its Operating Income was $-3.71 Mil. And its Long-Term Debt was $205.40 Mil.

First Trust Energy Income & Growth Fund did not have earnings to cover the interest expense.

First Trust Energy Income & Growth Fund's Interest Coverage for the quarter that ended in Nov. 2013 is calculated as

Here, for the six months ended in Nov. 2013, First Trust Energy Income & Growth Fund's Interest Expense was $-1.69 Mil. Its Operating Income was $-2.20 Mil. And its Long-Term Debt was $205.40 Mil.

First Trust Energy Income & Growth Fund did not have earnings to cover the interest expense.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

The higher the ratio, the stronger the company’s financial strength is.


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.


Related Terms

Operating Income, Interest Expense, Financial Strength


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

First Trust Energy Income & Growth Fund Annual Data

Nov10Nov11Nov12Nov13
interest_coverage At LossAt LossAt LossAt LossAt LossAt LossAt LossAt LossAt LossAt Loss

First Trust Energy Income & Growth Fund Semi-Annual Data

May10Nov10May11Nov11May12Nov12May13Nov13
interest_coverage At LossAt LossAt Loss0.22At LossAt LossAt LossAt LossAt LossAt Loss
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide