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FuelCell Energy (MIL:1FEY2) Interest Coverage : 0 (At Loss) (As of Jul. 2024)


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What is FuelCell 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. FuelCell Energy's Operating Income for the three months ended in Jul. 2024 was €-31.00 Mil. FuelCell Energy's Interest Expense for the three months ended in Jul. 2024 was €-2.36 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 FuelCell Energy's Interest Coverage or its related term are showing as below:


MIL:1FEY2's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 14.52
* 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.


FuelCell Energy Interest Coverage Historical Data

The historical data trend for FuelCell 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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FuelCell Energy Interest Coverage Chart

FuelCell Energy Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Interest Coverage
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FuelCell Energy Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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Competitive Comparison of FuelCell Energy's Interest Coverage

For the Electrical Equipment & Parts subindustry, FuelCell 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.


FuelCell Energy's Interest Coverage Distribution in the Industrial Products Industry

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

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



FuelCell 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.

FuelCell Energy's Interest Coverage for the fiscal year that ended in Oct. 2023 is calculated as

Here, for the fiscal year that ended in Oct. 2023, FuelCell Energy's Interest Expense was €-6.86 Mil. Its Operating Income was €-128.87 Mil. And its Long-Term Debt & Capital Lease Obligation was €121.77 Mil.

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

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

Here, for the three months ended in Jul. 2024, FuelCell Energy's Interest Expense was €-2.36 Mil. Its Operating Income was €-31.00 Mil. And its Long-Term Debt & Capital Lease Obligation was €124.87 Mil.

FuelCell Energy 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.


FuelCell Energy  (MIL:1FEY2) 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 .


FuelCell Energy Interest Coverage Related Terms

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


FuelCell Energy Business Description

Address
3 Great Pasture Road, Danbury, CT, USA, 06810
FuelCell Energy Inc is a fuel-cell power company. FuelCell designs manufactures, sells, installs, operates, and services fuel cell products and electrolysis platforms that decarbonize power and produce hydrogen. It serves various industries such as Industrial, Wastewater treatment, Commercial and Hospitality, Data centers and Communications, Education and Healthcare, and others. Geographically, the company generates a majority of its revenue from the United States followed by South Korea.

FuelCell Energy Headlines

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