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. Correlate Energy's
Operating Income
for the
three
months ended in Sep. 2024 was $-1.67 Mil. Correlate Energy's Interest Expense for the
three
months ended in Sep. 2024 was $-0.26 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 Correlate Energy's Interest Coverage or its related term are showing as below:
CIPI's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.81 * Ranked among companies with meaningful Interest Coverage only.
Correlate Energy (OTCPK:CIPI) 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 .
Correlate Energy Interest Coverage Related Terms
Correlate Energy Interest Coverage Historical Data
* Premium members only.
The historical data trend for Correlate 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.
CIPI vs WLGSF, PWR, EME: Interest Coverage Comparison
For the Engineering & Construction subindustry, Correlate 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.
Correlate Energy Interest Coverage vs Construction Industry
For the Construction industry and Industrials sector, Correlate Energy's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Correlate Energy's Interest Coverage falls into.
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:
Correlate Energy 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.
What does a Interest Coverage of 0 (At Loss) mean?
Correlate Energy (CIPI) has a Interest Coverage of 0 (At Loss) as of Sep. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Correlate Energy and its competitors.
Is Correlate Energy's Interest Coverage too high?
Correlate Energy's current Interest Coverage is 0 (At Loss). Overall, Correlate Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Correlate Energy's Interest Coverage compare to WLGSF and PWR?
Correlate Energy's Interest Coverage of 0 (At Loss) can be compared against companies in the Construction industry. The industry median Interest Coverage is 7.81. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Construction company?
The median Interest Coverage among Construction companies is 7.81, based on 1,355 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Correlate Energy and its competitors. For the Construction industry, the median Interest Coverage is 7.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Correlate Energy's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Correlate Energy stock overvalued right now?
Correlate Energy (CIPI) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). Correlate Energy's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Correlate Energy (CIPI), the current Interest Coverage is 0 (At Loss) as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Correlate Energy Corp together with its subsidiaries, is a technology-enabled clean energy optimization provider that offers a complete suite of proprietary clean energy assessment and deployment solutions for commercial and industrial (C&I) building and property owners in North America. The company generates revenue from its in-house and end-to-end development and fulfillment resources for engineering, procurement, and construction services (EPC) and consulting services. Under contracts for EPC services, it provides engineering services, obtains materials, and installs materials to agreed-upon specifications. Through its consulting services, the company assists its clients in achieving certain defined project milestones.
12GF Score
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