EV Technology Group (EV Technology Group) Interest Coverage : 0 (At Loss) (As of Sep. 2023)

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What is EV Technology Group 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. EV Technology Group's Operating Income for the three months ended in Sep. 2023 was $-0.38 Mil. EV Technology Group's Interest Expense for the three months ended in Sep. 2023 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.

The historical rank and industry rank for EV Technology Group's Interest Coverage or its related term are showing as below:

EVTGF's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 7.75
* 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.

EV Technology Group Interest Coverage Historical Data

The historical data trend for EV Technology Group'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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EV Technology Group Interest Coverage Chart

EV Technology Group Annual Data

Trend

Dec21

Dec22

Interest Coverage

No Debt

EV Technology Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of EV Technology Group's Interest Coverage

For the Auto Manufacturers subindustry, EV Technology Group'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.

EV Technology Group's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, EV Technology Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where EV Technology Group's Interest Coverage falls into.

EV Technology Group 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.

EV Technology Group's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, EV Technology Group's Interest Expense was $-0.02 Mil. Its Operating Income was $-12.16 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

EV Technology Group did not have earnings to cover the interest expense.

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

Here, for the three months ended in Sep. 2023, EV Technology Group's Interest Expense was $-0.04 Mil. Its Operating Income was $-0.38 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

EV Technology Group did not have earnings to cover the interest expense.

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

EV Technology Group (OTCPK:EVTGF) 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 .

EV Technology Group Interest Coverage Related Terms

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EV Technology Group (EV Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (OTCPK:EVTGF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.evtgroup.com

EV Technology Group Ltd owns and operates iconic and luxury motoring brands and helps them 'go electric. It acquires iconic brands and invests in making the transition to electric. It is in the business of developing and commercializing electric vehicle technologies that have growth potential in distinctive, niche, and underserved markets. The Company has adopted a direct-to-consumer (D2C) distribution model to deliver a premium unified brand experience through flagship locations, online experiences, and marketing activations. The Company operates in Canada, UK and France.