ECDA (ECD Automotive Design) Interest Coverage : 0 (At Loss) (As of Dec. 2024)

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What is ECD Automotive Design 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. ECD Automotive Design's Operating Income for the three months ended in Dec. 2024 was $-2.37 Mil. ECD Automotive Design's Interest Expense for the three months ended in Dec. 2024 was $-1.43 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 ECD Automotive Design's Interest Coverage or its related term are showing as below:

ECDA's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 7.84
* 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.

ECD Automotive Design Interest Coverage Historical Data

The historical data trend for ECD Automotive Design'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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ECD Automotive Design Interest Coverage Chart

ECD Automotive Design Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Coverage

N/A

ECD Automotive Design Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial							-	-	0.10	-	-

Competitive Comparison of ECD Automotive Design's Interest Coverage

For the Auto Manufacturers subindustry, ECD Automotive Design'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.

ECD Automotive Design's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ECD Automotive Design's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ECD Automotive Design's Interest Coverage falls into.

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ECD Automotive Design 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.

ECD Automotive Design's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, ECD Automotive Design's Interest Expense was $-5.27 Mil. Its Operating Income was $-4.55 Mil. And its Long-Term Debt & Capital Lease Obligation was $17.46 Mil.

ECD Automotive Design did not have earnings to cover the interest expense.

ECD Automotive Design's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, ECD Automotive Design's Interest Expense was $-1.43 Mil. Its Operating Income was $-2.37 Mil. And its Long-Term Debt & Capital Lease Obligation was $17.46 Mil.

ECD Automotive Design did not have earnings to cover the interest expense.

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

ECD Automotive Design (NAS:ECDA) 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 .

ECD Automotive Design Interest Coverage Related Terms

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ECD Automotive Design Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ECD Automotive Design Inc (NAS:ECDA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4930 Industrial Lane, Unit 107, Kissimmee, FL, USA, 34758

Website

https://www.ecdautodesign.com

ECD Automotive Design Inc is a custom-car builder in the Restomod sector with a focus on British classic motor vehicles of various models of both two-door and four-door styles. The company has established a facility geared towards producing the most customized Land Rovers with the highest quality of parts and the highest quality labor force building each vehicle. ECD restores Land Rovers Defenders, Land Rover Series IIA, the Range Rover Classic and the Jaguar E-Type. It upgrade any engine, including Chevrolet V8's, Land Rover V8's, Cummins diesel engines and new electric drivetrains, performing all the necessary body work, drivetrain selection and installation, every stitch in the interior, paint work, up to placement of the last nut and bolt.