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Greenbelt Resources (Greenbelt Resources) Interest Coverage : 0 (At Loss) (As of Mar. 2016)


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What is Greenbelt Resources 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. Greenbelt Resources's Operating Income for the three months ended in Mar. 2016 was $-0.03 Mil. Greenbelt Resources's Interest Expense for the three months ended in Mar. 2016 was $-0.01 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 Greenbelt Resources's Interest Coverage or its related term are showing as below:


GRCO's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 13.86
* 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.


Greenbelt Resources Interest Coverage Historical Data

The historical data trend for Greenbelt Resources'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.

Greenbelt Resources Interest Coverage Chart

Greenbelt Resources Annual Data
Trend
Interest Coverage

Greenbelt Resources Quarterly Data
Sep13 Sep14 Mar15 Mar16
Interest Coverage 25.00 No Debt - -

Competitive Comparison of Greenbelt Resources's Interest Coverage

For the Pollution & Treatment Controls subindustry, Greenbelt Resources'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.


Greenbelt Resources's Interest Coverage Distribution in the Industrial Products Industry

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

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



Greenbelt Resources 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.

Greenbelt Resources's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Greenbelt Resources's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Greenbelt Resources had no debt (1).

Greenbelt Resources's Interest Coverage for the quarter that ended in Mar. 2016 is calculated as

Here, for the three months ended in Mar. 2016, Greenbelt Resources's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Greenbelt Resources 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.


Greenbelt Resources  (OTCPK:GRCO) 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 .


Greenbelt Resources Interest Coverage Related Terms

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


Greenbelt Resources (Greenbelt Resources) Business Description

Traded in Other Exchanges
N/A
Address
3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 86169-6014
Greenbelt Resources Corp is a provider of a sustainable energy production system. The company designs, manufactures, operates and sells modular systems that recycle food wastes and beverage wastes into sellable products. Products produced include ultra-low carbon advanced biofuel, fertilizer, animal feed, electricity and filtered and distilled water. Its solutions include Organic Waste Recycling System and Energy Efficient Ethanol Dehydration.

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