EnergyPathways (LSE:EPP) Interest Coverage : 0 (At Loss) (As of Jun. 2024)

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What is EnergyPathways 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. EnergyPathways's Operating Income for the six months ended in Jun. 2024 was £-0.51 Mil. EnergyPathways's Interest Expense for the six months ended in Jun. 2024 was £-0.00 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 EnergyPathways's Interest Coverage or its related term are showing as below:

LSE:EPP's Interest Coverage is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 3.635
* 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.

EnergyPathways Interest Coverage Historical Data

The historical data trend for EnergyPathways'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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EnergyPathways Interest Coverage Chart

EnergyPathways Annual Data

Trend

Feb22

Feb23

Interest Coverage

No Debt

EnergyPathways Semi-Annual Data
	Feb22	Dec22	Jun23	Dec23	Jun24
Interest Coverage	No Debt	No Debt	-	-	-

Competitive Comparison of EnergyPathways's Interest Coverage

For the Utilities - Regulated Gas subindustry, EnergyPathways'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.

EnergyPathways's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, EnergyPathways's Interest Coverage distribution charts can be found below:

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

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EnergyPathways 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.

EnergyPathways's Interest Coverage for the fiscal year that ended in Feb. 2023 is calculated as

Here, for the fiscal year that ended in Feb. 2023, EnergyPathways's Interest Expense was £0.00 Mil. Its Operating Income was £-0.61 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

EnergyPathways had no debt ⁽¹⁾.

EnergyPathways's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, EnergyPathways's Interest Expense was £-0.00 Mil. Its Operating Income was £-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.00 Mil.

EnergyPathways did not have earnings to cover the interest expense.

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

EnergyPathways (LSE:EPP) 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 .

EnergyPathways Interest Coverage Related Terms

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

EnergyPathways Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » EnergyPathways PLC (LSE:EPP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeoman Way, Highdown House, West Sussex, Worthing, Sussex, GBR, BN99 3HH

Website

https://www.energypathways.uk

EnergyPathways PLC is an integrated energy transition company, initially targeting UK gas assets, to bring into production, in the near term, low-emission energy solutions to assist with the UK's transition to Net Zero while also providing critical supply to ensure domestic energy security. Its projects include the Marram Energy Storage Hub (MESH), a storage facility that is expected to provide a secure and dependable supply of natural gas and green hydrogen for the UK market. The company operates in a single segment, of natural gas exploration, appraisal and development, in a single geographical location, the East Irish Sea of the United Kingdom.