ICON (Icon Energy) Interest Coverage : 0 (At Loss) (As of Dec. 2024)

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What is Icon 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. Icon Energy's Operating Income for the three months ended in Dec. 2024 was $-0.27 Mil. Icon Energy's Interest Expense for the three months ended in Dec. 2024 was $-0.39 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 Icon Energy's Interest Coverage or its related term are showing as below:

ICON's Interest Coverage is not ranked ^*
in the Transportation industry.
Industry Median: 6.05
* 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.

Icon Energy Interest Coverage Historical Data

The historical data trend for Icon 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.

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Icon Energy Interest Coverage Chart

Icon Energy Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Coverage

1,663.00

1,526.00

487.33

1.51

Icon Energy Quarterly Data
	Dec21	Dec22	Sep23	Dec23	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial			143.00	485.00	No Debt	-	-

Competitive Comparison of Icon Energy's Interest Coverage

For the Marine Shipping subindustry, Icon 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.

Icon Energy's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Icon Energy's Interest Coverage distribution charts can be found below:

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

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Icon 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.

Icon Energy's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Icon Energy's Interest Expense was $-0.45 Mil. Its Operating Income was $0.68 Mil. And its Long-Term Debt & Capital Lease Obligation was $13.72 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	0.682	/	-0.452
	=	1.51

Icon Energy's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Icon Energy's Interest Expense was $-0.39 Mil. Its Operating Income was $-0.27 Mil. And its Long-Term Debt & Capital Lease Obligation was $13.72 Mil.

Icon Energy did not have earnings to cover the interest expense.

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

Icon Energy (NAS:ICON) 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 .

Icon Energy Interest Coverage Related Terms

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

Icon Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Icon Energy Corp (NAS:ICON) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Pavimar Shipping Co, 17th km National Road, Athens-Lamia & Foinikos Str, Nea Kifissia, Athens, GRC, 14564

Website

https://www.icon-nrg.com

Icon Energy Corp is a growth-oriented shipping company providing seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels. The company generates its revenues by chartering its vessels to regional and international dry bulk operators, commodity traders and end users.