ELCR (Electric Car Co) Interest Coverage: 0 (At Loss) (As of Sep. 2010)


What is Electric Car Co Interest Coverage?

Electric Car Co ELCR -99.00% Interest Coverage is 0 (At Loss) as of Sep. 2010.

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. Electric Car Co's Operating Income for the three months ended in Sep. 2010 was $-0.63 Mil. Electric Car Co's Interest Expense for the three months ended in Sep. 2010 was $-0.04 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(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 Electric Car Co's Interest Coverage or its related term are showing as below:


ELCR's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.31
* 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.

Electric Car Co  (OTCPK:ELCR) 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 .

Electric Car Co Interest Coverage Related Terms

Electric Car Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for Electric Car Co'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.

Electric Car Co Interest Coverage Chart

Electric Car Co Annual Data
Trend Dec07 Dec08 Dec09
Interest Coverage
No Debt No Debt No Debt

Electric Car Co Quarterly Data
Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
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 No Debt No Debt 0.00 0.16 0.00

ELCR vs GKIT, GPVRF, SORL: Interest Coverage Comparison

For the Auto Manufacturers subindustry, Electric Car Co'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.

Electric Car Co Interest Coverage vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Electric Car Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Electric Car Co's Interest Coverage falls into.


Electric Car Co 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.

Electric Car Co's Interest Coverage for the fiscal year that ended in Dec. 2009 is calculated as

Here, for the fiscal year that ended in Dec. 2009, Electric Car Co's Interest Expense was $0.00 Mil. Its Operating Income was $-1.62 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Electric Car Co had no debt (1).

Electric Car Co's Interest Coverage for the quarter that ended in Sep. 2010 is calculated as

Here, for the three months ended in Sep. 2010, Electric Car Co's Interest Expense was $-0.04 Mil. Its Operating Income was $-0.63 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.80 Mil.

Electric Car Co 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0 (At Loss) mean?
Electric Car Co (ELCR) has a Interest Coverage of 0 (At Loss) as of Sep. 2010. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Electric Car Co and its competitors.
Is Electric Car Co's Interest Coverage too high?
Electric Car Co's current Interest Coverage is 0 (At Loss).
How does Electric Car Co's Interest Coverage compare to GKIT and GPVRF?
Electric Car Co's Interest Coverage of 0 (At Loss) can be compared against companies in the Vehicles & Parts industry. The industry median Interest Coverage is 8.31. 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 Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.31, based on 1,067 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 Electric Car Co and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electric Car Co'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 Electric Car Co stock overvalued right now?
Electric Car Co (ELCR) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). 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 Electric Car Co (ELCR), the current Interest Coverage is 0 (At Loss) as of Sep. 2010. 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.

Electric Car Co Business Description

Address 1903 North Barnes Avenue, Springfield, MO, USA, 65803
Electric Car Co Inc is a business development, marketing, and manufacturing company that specializes in the automotive vehicle market.