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Esken (CHIX:ESKNL) Interest Coverage : 0 (At Loss) (As of Aug. 2023)


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What is Esken 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. Esken's Operating Income for the six months ended in Aug. 2023 was £-9.6 Mil. Esken's Interest Expense for the six months ended in Aug. 2023 was £-45.2 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 Esken's Interest Coverage or its related term are showing as below:


CHIX:ESKNl's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 9.55
* 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.


Esken Interest Coverage Historical Data

The historical data trend for Esken'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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Esken Interest Coverage Chart

Esken Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Interest Coverage
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Esken Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
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Competitive Comparison of Esken's Interest Coverage

For the Specialty Chemicals subindustry, Esken'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.


Esken's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Esken's Interest Coverage distribution charts can be found below:

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



Esken 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.

Esken's Interest Coverage for the fiscal year that ended in Feb. 2023 is calculated as

Here, for the fiscal year that ended in Feb. 2023, Esken's Interest Expense was £-24.8 Mil. Its Operating Income was £-10.6 Mil. And its Long-Term Debt & Capital Lease Obligation was £259.8 Mil.

Esken did not have earnings to cover the interest expense.

Esken's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Here, for the six months ended in Aug. 2023, Esken's Interest Expense was £-45.2 Mil. Its Operating Income was £-9.6 Mil. And its Long-Term Debt & Capital Lease Obligation was £264.7 Mil.

Esken 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.


Esken  (CHIX:ESKNl) 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 .


Esken Interest Coverage Related Terms

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


Esken (CHIX:ESKNL) Business Description

Traded in Other Exchanges
Address
Street Peter Port, Les Banques, Floor 2, Trafalgar Court, Saint Peter Port, GGY, GY1 4LY
Esken Ltd is an infrastructure and support services business. The company's operating segment includes Aviation, Renewables, Investments, and Non-Strategic Infrastructure. The group's segment specializes in the supply of sustainable biomass for the generation of renewable energy. It generates maximum revenue from the Renewables segment. Geographically, it derives a majority of revenue from the UK and also has a presence in Europe and Ireland, and the Rest of the world.

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