Electro Cable Egypt (CAI:ELEC) Interest Coverage: 4.94 (As of Jun. 2023)

Electro Cable Egypt  (CAI:ELEC) 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 .

Electro Cable Egypt Interest Coverage Related Terms

The historical data trend for Electro Cable Egypt'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.

Electro Cable Egypt Interest Coverage Chart

Electro Cable Egypt Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Mar22	Jun22	Mar23	Jun23
Interest Coverage	Get a 7-Day Free Trial															0.00	2.58	4.41	3.33	4.94

Electro Cable Egypt Interest Coverage Competitor Comparison

For the Electrical Equipment & Parts subindustry, Electro Cable Egypt'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.

Electro Cable Egypt Interest Coverage vs Industrial Products Industry

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

* The bar in red indicates where Electro Cable Egypt's Interest Coverage falls into.

Electro Cable Egypt 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Electro Cable Egypt's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Electro Cable Egypt's Interest Expense was E£-53 Mil. Its Operating Income was E£122 Mil. And its Long-Term Debt & Capital Lease Obligation was E£0 Mil.

Electro Cable Egypt's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Electro Cable Egypt's Interest Expense was E£-46 Mil. Its Operating Income was E£228 Mil. And its Long-Term Debt & Capital Lease Obligation was E£241 Mil.

* 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.

Electro Cable Egypt Business Description