DG Innovate (LSE:DGI) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is DG Innovate 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. DG Innovate's Operating Income for the six months ended in Dec. 2023 was £-1.89 Mil. DG Innovate's Interest Expense for the six months ended in Dec. 2023 was £-0.03 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 DG Innovate's Interest Coverage or its related term are showing as below:

LSE:DGI's Interest Coverage is not ranked ^*
in the Industrial Products industry.
Industry Median: 13.785
* 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.

DG Innovate Interest Coverage Historical Data

The historical data trend for DG Innovate'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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DG Innovate Interest Coverage Chart

DG Innovate Annual Data

Trend

Mar19

Mar20

Mar21

Dec22

Dec23

Interest Coverage

DG Innovate Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial				N/A	-	-	-	-

Competitive Comparison of DG Innovate's Interest Coverage

For the Electrical Equipment & Parts subindustry, DG Innovate'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.

DG Innovate's Interest Coverage Distribution in the Industrial Products Industry

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

* The bar in red indicates where DG Innovate's Interest Coverage falls into.

DG Innovate 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.

DG Innovate's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, DG Innovate's Interest Expense was £-0.05 Mil. Its Operating Income was £-3.79 Mil. And its Long-Term Debt & Capital Lease Obligation was £2.25 Mil.

DG Innovate did not have earnings to cover the interest expense.

DG Innovate's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, DG Innovate's Interest Expense was £-0.03 Mil. Its Operating Income was £-1.89 Mil. And its Long-Term Debt & Capital Lease Obligation was £2.25 Mil.

DG Innovate did not have earnings to cover the interest expense.

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

DG Innovate (LSE:DGI) 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 .

DG Innovate Interest Coverage Related Terms

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DG Innovate (LSE:DGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DG Innovate PLC (LSE:DGI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mill Field Road, 15 Victoria Mews Cottingley Business Park, Bingley, GBR, BD16 1PY

Website

https://www.dgiplc.com

DG Innovate PLC is a research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and engineering & scientific practices. The company is currently developing its products alongside several major manufacturers across the transportation and energy sectors, research institutions and the UK Government and has filed 18 patents worldwide.