LNG Energy Group (FRA:E26) Interest Coverage : 0 (At Loss) (As of Sep. 2024)

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What is LNG Energy 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. LNG Energy Group's Operating Income for the three months ended in Sep. 2024 was €-1.21 Mil. LNG Energy Group's Interest Expense for the three months ended in Sep. 2024 was €-2.21 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 LNG Energy Group's Interest Coverage or its related term are showing as below:

FRA:E26's Interest Coverage is not ranked ^*
in the Oil & Gas industry.
Industry Median: 5.96
* 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.

LNG Energy Group Interest Coverage Historical Data

The historical data trend for LNG Energy 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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LNG Energy Group Interest Coverage Chart

LNG Energy Group Annual Data

Trend

May22

May23

Interest Coverage

LNG Energy Group Quarterly Data
	May22	Aug22	Dec22	Mar23	Jul23	Dec23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial			No Debt	-	-	0.08	-

Competitive Comparison of LNG Energy Group's Interest Coverage

For the Oil & Gas E&P subindustry, LNG Energy 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.

LNG Energy Group's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, LNG Energy Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where LNG Energy Group's Interest Coverage falls into.

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LNG Energy 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.

LNG Energy Group's Interest Coverage for the fiscal year that ended in May. 2023 is calculated as

Here, for the fiscal year that ended in May. 2023, LNG Energy Group's Interest Expense was €-0.00 Mil. Its Operating Income was €-1.10 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

LNG Energy Group did not have earnings to cover the interest expense.

LNG Energy Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, LNG Energy Group's Interest Expense was €-2.21 Mil. Its Operating Income was €-1.21 Mil. And its Long-Term Debt & Capital Lease Obligation was €33.51 Mil.

LNG Energy Group did not have earnings to cover the interest expense.

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

LNG Energy Group (FRA:E26) 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 .

LNG Energy Group Interest Coverage Related Terms

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LNG Energy Group Business Description

Industry

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LNGE:Canada

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4

Website

https://www.lngenergygroup.com

LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.

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