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Fuel Tech (Fuel Tech) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


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What is Fuel Tech 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. Fuel Tech's Operating Income for the three months ended in Dec. 2023 was $-0.80 Mil. Fuel Tech's Interest Expense for the three months ended in Dec. 2023 was $-0.01 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 Fuel Tech's Interest Coverage or its related term are showing as below:


FTEK's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 13.77
* 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.


Fuel Tech Interest Coverage Historical Data

The historical data trend for Fuel Tech'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.

* Premium members only.

Fuel Tech Interest Coverage Chart

Fuel Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A - - - -

Fuel Tech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 26.60 -

Competitive Comparison of Fuel Tech's Interest Coverage

For the Pollution & Treatment Controls subindustry, Fuel Tech'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.


Fuel Tech's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fuel Tech's Interest Coverage distribution charts can be found below:

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



Fuel Tech 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.

Fuel Tech'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, Fuel Tech's Interest Expense was $-0.02 Mil. Its Operating Income was $-2.66 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.53 Mil.

Fuel Tech did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2023, Fuel Tech's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.80 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.53 Mil.

Fuel Tech did not have earnings to cover the interest expense.

* 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.

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


Fuel Tech  (NAS:FTEK) 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 .


Fuel Tech Interest Coverage Related Terms

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


Fuel Tech (Fuel Tech) Business Description

Traded in Other Exchanges
Address
27601 Bella Vista Parkway, Warrenville, IL, USA, 60555-1617
Fuel Tech Inc is an technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. TheFuel Chem technology segment uses chemical processes in combination with advanced Computational Fluid Dynamics and Chemical Kinetics Modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.
Executives
Vincent J Arnone officer: Executive Vice President
Bettye J Bailey 10 percent owner C/O WHITMAN BREED ABBOTT & MORGAN LLC, 9 GREENWICH OFFICE PARK, GREENWICH CT 06831
Ellen T Albrecht officer: Acting PFO and Treasurer C/O FUEL TECH, 695 E MAIN STREET, STAMFORD CT 06901
Dennis L Zeitler director P.O. BOX 426, PITTSBURGH PA 15230
James J Markowsky director 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
Douglas G Bailey director, officer: President, CEO & Chairman
Cummings William E Jr officer: Senior Vice President, Sales C/O FUEL TECH, 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
James M Pach officer: Acting PFO & Treasurer 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
Sharon L Jones director 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
David S Collins officer: Sr. Vice President C/O FUEL TECH, 27601 BELLA VISTA PARKWAY, WARRENVILLE IL 60555
W Grant Gregory director C/O AMBAC FINANCIAL GROUP INC, 1 STATE STREET PLAZA, NEW YORK NY 10004
Delbert L Williamson director C/O FUEL TECH, 695 E MAIN STREET, STAMFORD CT 06901
Miguel Espinosa director
George F Maccormack director PEPCO HOLDINGS, INC., 701 NINTH STREET, NW, SUITE 1300, WASHINGTON DC 20068
Thomas S Shaw director C/O CONECTIV, 800 KING ST PO BOX 231, WILMINGTON DE 19899