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. Federal Grid Company Rosseti PJSC's
Operating Income
for the
six
months ended in Jun. 2023 was ₽140,603 Mil. Federal Grid Company Rosseti PJSC's Interest Expense for the
six
months ended in Jun. 2023 was ₽-16,274 Mil.
Federal Grid Company Rosseti PJSC's interest coverage for the quarter that ended in Jun. 2023 was 8.64.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Federal Grid Company Rosseti PJSC's Interest Coverage or its related term are showing as below:
MIC:FEES's Interest Coverage is not ranked *
in the Utilities - Regulated industry.
Industry Median: 3.78 * Ranked among companies with meaningful Interest Coverage only.
Federal Grid Company Rosseti PJSC (MIC:FEES) 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 .
Federal Grid Company Rosseti PJSC Interest Coverage Related Terms
Federal Grid Company Rosseti PJSC Interest Coverage Historical Data
* 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.
Federal Grid Company Rosseti PJSC Interest Coverage Chart
MIC:FEES vs NEE, SO, DUK: Interest Coverage Comparison
For the Utilities - Regulated Electric subindustry, Federal Grid Company Rosseti PJSC'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.
Federal Grid Company Rosseti PJSC Interest Coverage vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Federal Grid Company Rosseti PJSC's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Federal Grid Company Rosseti PJSC's Interest Coverage falls into.
Federal Grid Company Rosseti PJSC 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:
* 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.
Federal Grid Company Rosseti PJSC (MIC:FEES) has a Interest Coverage of 8.64 as of Jun. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Federal Grid Company Rosseti PJSC and its competitors.
Is Federal Grid Company Rosseti PJSC's Interest Coverage too high?
Federal Grid Company Rosseti PJSC's current Interest Coverage is 8.64. The Utilities - Regulated industry median Interest Coverage is 3.78. Federal Grid Company Rosseti PJSC's value of 8.64 is 128.6% above this industry median. Overall, Federal Grid Company Rosseti PJSC has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Federal Grid Company Rosseti PJSC's Interest Coverage compare to NEE and SO?
Federal Grid Company Rosseti PJSC's Interest Coverage of 8.64 can be compared against companies in the Utilities - Regulated industry. The industry median Interest Coverage is 3.78. Federal Grid Company Rosseti PJSC's value of 8.64 is 128.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Utilities - Regulated company?
The median Interest Coverage among Utilities - Regulated companies is 3.78, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Federal Grid Company Rosseti PJSC's current Interest Coverage of 8.64 is 128.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Federal Grid Company Rosseti PJSC and its competitors. For the Utilities - Regulated industry, the median Interest Coverage is 3.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal Grid Company Rosseti PJSC's current Interest Coverage is 8.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal Grid Company Rosseti PJSC stock overvalued right now?
Federal Grid Company Rosseti PJSC (MIC:FEES) has a current Interest Coverage of 8.64. The current Interest Coverage is 8.64 and 128.6% above the Utilities - Regulated industry median of 3.78. Federal Grid Company Rosseti PJSC's overall GF Score™ is 55/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Federal Grid Company Rosseti PJSC (MIC:FEES), the current Interest Coverage is 8.64 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Federal Grid Company Rosseti PJSC Business Description
Federal Grid Company Rosseti PJSC is a Russian electric utility company of which the Russian Federation is the majority shareholder through its subsidiary, PJSC "Russian Grids." The company's principal activity is the transmission of electricity via the Russian Unified National Electric Grid. Federal Grid Company does this through its operation of numerous substations, transformers, and electricity transmission lines all throughout Russia. The vast majority of the company's revenue is derived from the provision of electricity transmission services to a variety of customers, such as industrial firms and other Russian utilities companies. This income stream is dependent upon changes in tariffs set by the Russian government and electricity demand.
55GF Score
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