Engineering Industries (CAI:ENGC) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2022)

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What is Engineering 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. Engineering Industries's Operating Income for the three months ended in Dec. 2022 was E£0.00 Mil. Engineering Industries's Interest Expense for the three months ended in Dec. 2022 was E£0.00 Mil. Engineering Industries has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Engineering Industries has no debt.

(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 Engineering Industries's Interest Coverage or its related term are showing as below:

CAI:ENGC' s Interest Coverage Range Over the Past 10 Years
Min: 1.65 Med: 2.38 Max: No Debt
Current: No Debt

CAI:ENGC's Interest Coverage is ranked better than
99.35% of 310 companies
in the Building Materials industry
Industry Median: 6.65 vs CAI:ENGC: No Debt

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

Engineering Industries Interest Coverage Historical Data

The historical data trend for Engineering 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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Engineering Industries Interest Coverage Chart

Engineering Industries Annual Data

Trend

Dec22

Dec23

Interest Coverage

1.65

3.10

Engineering Industries Quarterly Data
	Dec22	Dec23
Interest Coverage	No Debt	No Debt

Competitive Comparison of Engineering Industries's Interest Coverage

For the Building Materials subindustry, Engineering 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.

Engineering Industries's Interest Coverage Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Engineering Industries's Interest Coverage distribution charts can be found below:

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

Engineering 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.

Engineering Industries'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, Engineering Industries's Interest Expense was E£-228.58 Mil. Its Operating Income was E£708.50 Mil. And its Long-Term Debt & Capital Lease Obligation was E£0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	708.504	/	-228.581
	=	3.10

Engineering Industries's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, Engineering Industries's Interest Expense was E£0.00 Mil. Its Operating Income was E£0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was E£0.00 Mil.

Engineering Industries had no debt ⁽¹⁾.

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

Engineering Industries (CAI:ENGC) 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 .

Engineering Industries Interest Coverage Related Terms

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

Engineering Industries (CAI:ENGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Engineering Industries (CAI:ENGC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wadi Houf, Icon Industrial Zone, Helwan, EGY

Website

http://www.iconegypt.com

Engineering Industries manufactures steel-sheets and related products. It offers sandwich steel panels, caravans, guard rails, purlins, pre-fabricated units and corrugated sheets, galvanized tubes and pipes, and aluminum windows and doors. Some of the company projects include Dorra Contracting, Orascom, Talaat Mostafa, and others.

Engineering Industries (CAI:ENGC) Headlines

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Engineering Industries (CAI:ENGC) Interest Coverage : No Debt (1) (As of Dec. 2022)