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GCEI (Global Clean Energy) Interest Coverage : No Debt (1) (As of Dec. 2009)


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What is Global Clean Energy 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. Global Clean Energy's Operating Income for the six months ended in Dec. 2009 was $-0.15 Mil. Global Clean Energy's Interest Expense for the six months ended in Dec. 2009 was $0.00 Mil. Global Clean Energy has no debt. 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 Global Clean Energy's Interest Coverage or its related term are showing as below:


GCEI's Interest Coverage is not ranked *
in the Waste Management industry.
Industry Median: 5.58
* 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.


Global Clean Energy Interest Coverage Historical Data

The historical data trend for Global Clean Energy'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.

Global Clean Energy Interest Coverage Chart

Global Clean Energy Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Interest Coverage
Get a 7-Day Free Trial No Debt - No Debt - No Debt

Global Clean Energy Semi-Annual Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Interest Coverage Get a 7-Day Free Trial No Debt - No Debt - No Debt

Competitive Comparison of Global Clean Energy's Interest Coverage

For the Waste Management subindustry, Global Clean Energy'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.


Global Clean Energy's Interest Coverage Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Global Clean Energy's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Global Clean Energy's Interest Coverage falls into.


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Global Clean Energy 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.

Global Clean Energy'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, Global Clean Energy's Interest Expense was $0.00 Mil. Its Operating Income was $-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Global Clean Energy had no debt (1).

Global Clean Energy's Interest Coverage for the quarter that ended in Dec. 2009 is calculated as

Here, for the six months ended in Dec. 2009, Global Clean Energy's Interest Expense was $0.00 Mil. Its Operating Income was $-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Global Clean Energy 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.


Global Clean Energy  (OTCPK:GCEI) 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 .


Global Clean Energy Interest Coverage Related Terms

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


Global Clean Energy Business Description

Traded in Other Exchanges
N/A
Address
6040 Upshaw Drive, Suite 105, Humble, TX, USA, 77396
Global Clean Energy Inc is a waste-to-energy alternative fuels company in Texas. The company focuses on technologies and initiatives that promote environmental stewardship and economic growthThe primary business of the group is developing and marketing proprietary technology in waste-to-energy management and feedstock conversion. The company is planning to develop products with algae as the key ingredient. It plans to sell fertilizer and feed for livestock.
Executives
Paul L Whitton director, officer: President 2005 10TH STREET, SUITE A, BOULDER CO 80302
Michael Kron director C/O NEWSEARCH, INC., 2005 - 10TH STREET, SUITE A, BOULDER CO 80302
Travis K Robinson director, officer: President 2005 - 10TH STREET, SUITE A, BOULDER CO 80302
Vision Capital Partners Aa Ltd 10 percent owner 4150 ST CATHERINE ST O, SUITE 525, MONTREAL A8 H3Z2Y5
Earl Azimov director 5737 BLOSSOM, COTE ST LUC A8 H4W2T2
John Grob director, officer: CEO and President AMHERST HOUSE, STOWLANGTOFT, BURY ST EDMUNDS X0 1P313JY
Kenneth S Adessky director, 10 percent owner, officer: CFO and Secretary 4150 ST CATHERINE STREET O, SUITE 525, MONTREAL A8 H3Z2Y5