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Alaska Pacific Energy (Alaska Pacific Energy) Interest Coverage : No Debt (1) (As of Jul. 2010)


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What is Alaska Pacific Energy 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. Alaska Pacific Energy's Operating Income for the three months ended in Jul. 2010 was $-0.94 Mil. Alaska Pacific Energy's Interest Expense for the three months ended in Jul. 2010 was $0.00 Mil. Alaska Pacific Energy has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Alaska Pacific Energy's Interest Coverage or its related term are showing as below:


ASKE's Interest Coverage is not ranked *
in the Metals & Mining industry.
Industry Median: No Debt
* 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.


Alaska Pacific Energy Interest Coverage Historical Data

The historical data trend for Alaska Pacific Energy'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.

Alaska Pacific Energy Interest Coverage Chart

Alaska Pacific Energy Annual Data
Trend Jan07 Jan08 Jan09 Jan10
Interest Coverage
No Debt No Debt No Debt No Debt

Alaska Pacific Energy Quarterly Data
Jan07 Oct07 Jan08 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Alaska Pacific Energy's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Alaska Pacific Energy'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.


Alaska Pacific Energy's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alaska Pacific Energy's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Alaska Pacific Energy's Interest Coverage falls into.



Alaska Pacific Energy 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.

Alaska Pacific Energy's Interest Coverage for the fiscal year that ended in Jan. 2010 is calculated as

Here, for the fiscal year that ended in Jan. 2010, Alaska Pacific Energy's Interest Expense was $0.00 Mil. Its Operating Income was $-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Alaska Pacific Energy had no debt (1).

Alaska Pacific Energy's Interest Coverage for the quarter that ended in Jul. 2010 is calculated as

Here, for the three months ended in Jul. 2010, Alaska Pacific Energy's Interest Expense was $0.00 Mil. Its Operating Income was $-0.94 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Alaska Pacific Energy had no debt (1).

* 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.


Alaska Pacific Energy  (OTCPK:ASKE) 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 .


Alaska Pacific Energy Interest Coverage Related Terms

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Alaska Pacific Energy (Alaska Pacific Energy) Business Description

Traded in Other Exchanges
N/A
Address
3618 Lantana Road, Lake Worth, FL, USA, 33462
Website
Alaska Pacific Energy Corp is a mining and exploration company. The principal products and services of the company are oil and gas lease acquisition, well development, valuable metal property acquisition and mining and ore processing. Additionally, the company is in the hemp business. The company also offers assessment consulting on mineral rights and correlating lease viability.

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