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EESTech (EESTech) Interest Coverage : No Debt (1) (As of Sep. 2023)


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What is EESTech 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. EESTech's Operating Income for the three months ended in Sep. 2023 was $-0.34 Mil. EESTech's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. EESTech has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

EESTech Inc 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 EESTech's Interest Coverage or its related term are showing as below:

EESH' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


EESH's Interest Coverage is ranked better than
99.61% of 2280 companies
in the Industrial Products industry
Industry Median: 13.825 vs EESH: 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.


EESTech Interest Coverage Historical Data

The historical data trend for EESTech'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.

* Premium members only.

EESTech Interest Coverage Chart

EESTech Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Interest Coverage
Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

EESTech Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of EESTech's Interest Coverage

For the Pollution & Treatment Controls subindustry, EESTech'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.


EESTech's Interest Coverage Distribution in the Industrial Products Industry

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

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



EESTech 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.

EESTech's Interest Coverage for the fiscal year that ended in Dec. 2007 is calculated as

Here, for the fiscal year that ended in Dec. 2007, EESTech's Interest Expense was $0.00 Mil. Its Operating Income was $-8.27 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

EESTech had no debt (1).

EESTech's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, EESTech's Interest Expense was $0.00 Mil. Its Operating Income was $-0.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

EESTech had no debt (1).

* 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.


EESTech  (OTCPK:EESH) 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 .


EESTech Interest Coverage Related Terms

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


EESTech (EESTech) Business Description

Traded in Other Exchanges
N/A
Address
16192 Coastal Highway, Lewes, DE, USA, 19958
EESTech Inc is engaged in providing mine site waste management solutions and services through the application of industrially advanced and proprietary processing capabilities. The firm's objective is to provide tangible methods of mine-site remediation and reclamation through the cost-effective delivery of critical waste management solutions.
Executives
Graeme John Lynch officer: Chief Operating Officer EESTECH INC, 241 ADELAIDE ST., SUITE 417, BRISBANE C3 QLD 4000
Patrick James Caragata director EESTECH INC, 241 ADELAIDE ST., SUITE 417, BRISBANE C3 QLD 4000
Donald Graham Bartlem director EESTECH INC, 241 ADELAIDE ST., SUITE 417, BRISBANE C3 QLD 4000
Eestech, Inc. officer: COMPANY SECRETARY and CFO 241 ADELAIDE STREET, SUITE 417, BRISBANE C3 4000
Ian Hutcheson officer: SECRETARY & CFO 1260 S. HIGHWAY 89, BLDG. 1, SUITE H-5, CHINO VALLEY AZ 86323
Murray J. Bailey director, officer: CHAIRMAN OF THE BD, PRESIDENT 1260 S. HIGHWAY 89, BLDG. 1, SUITE H-5, CHINO VALLEY AZ 86323
Gaylord Beeson director 1260 S. HIGHWAY 89, BLDG. 1, SUITE H-5, CHINO VALLEY AZ 86323
Thomas L Svalberg director, officer: Chief Operations Officer 5608 SOUTH ENSENADA COURT, AURORA CO 80015
John Ritter director, officer: President 23011 MOULTON PARKWAY A-16, LAGUNA HILLS CA 92653
James W Zigler director
James C Wilson director
Steven Symms director
Greg Paxton 10 percent owner 23011 MOULTON PARKWAY A-16, LAGUNA HILLS CA 92653
John Henderson director, officer: CEO and CFO 23011 MOULTON PARKWAY A-16, LAGUNA HILLS CA 92653
Simon Mosley 10 percent owner

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