Distribuzione Elettrica Adriatica SpA (MIL:DEA) Interest Coverage : 17.57 (As of Jun. 2024)

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What is Distribuzione Elettrica Adriatica SpA 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. Distribuzione Elettrica Adriatica SpA's Operating Income for the six months ended in Jun. 2024 was €5.64 Mil. Distribuzione Elettrica Adriatica SpA's Interest Expense for the six months ended in Jun. 2024 was €-0.32 Mil. Distribuzione Elettrica Adriatica SpA's interest coverage for the quarter that ended in Jun. 2024 was 17.57. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Distribuzione Elettrica Adriatica SpA's Interest Coverage or its related term are showing as below:

MIL:DEA' s Interest Coverage Range Over the Past 10 Years
Min: 9.77 Med: 10.18 Max: 26.35
Current: 26.35

MIL:DEA's Interest Coverage is ranked better than
85.28% of 428 companies
in the Utilities - Regulated industry
Industry Median: 3.61 vs MIL:DEA: 26.35

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Distribuzione Elettrica Adriatica SpA Interest Coverage Historical Data

The historical data trend for Distribuzione Elettrica Adriatica SpA'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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Distribuzione Elettrica Adriatica SpA Interest Coverage Chart

Distribuzione Elettrica Adriatica SpA Annual Data

Trend

Dec22

Dec23

Dec24

Interest Coverage

9.77

10.59

99.49

Distribuzione Elettrica Adriatica SpA Semi-Annual Data
	Dec22	Dec23	Jun24	Dec24
Interest Coverage	N/A	N/A	17.57	No Debt

Competitive Comparison of Distribuzione Elettrica Adriatica SpA's Interest Coverage

For the Utilities - Regulated Electric subindustry, Distribuzione Elettrica Adriatica SpA'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.

Distribuzione Elettrica Adriatica SpA's Interest Coverage Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Distribuzione Elettrica Adriatica SpA's Interest Coverage falls into.

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Distribuzione Elettrica Adriatica SpA 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.

Distribuzione Elettrica Adriatica SpA'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, Distribuzione Elettrica Adriatica SpA's Interest Expense was €-0.48 Mil. Its Operating Income was €5.03 Mil. And its Long-Term Debt & Capital Lease Obligation was €5.74 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	5.029	/	-0.475
	=	10.59

Distribuzione Elettrica Adriatica SpA's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Distribuzione Elettrica Adriatica SpA's Interest Expense was €-0.32 Mil. Its Operating Income was €5.64 Mil. And its Long-Term Debt & Capital Lease Obligation was €0.00 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	5.639	/	-0.321
	=	17.57

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

Distribuzione Elettrica Adriatica SpA (MIL:DEA) 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 .

Distribuzione Elettrica Adriatica SpA Interest Coverage Related Terms

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Distribuzione Elettrica Adriatica SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Distribuzione Elettrica Adriatica SpA (MIL:DEA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Guazzatore no. 159, Osimo, ITA, 60027

Website

https://www.deaelettrica.it

Distribuzione Elettrica Adriatica SpA is a Italy based company. Its activity is divided into two distinct business lines dedicated, respectively, to the distribution of electricity (Distribution Electrical Energy) and public lighting (Public Lighting). In the distribution of electricity, The company deals with the activities relating to the operation, maintenance and development of medium voltage (MV) and low voltage (LV) infrastructures with the objective of allowing the transport of electricity from the substations of the distribution networks to the withdrawal points (PoD). The public lighting includes design, construction and maintenance of public lighting systems, by virtue of obtaining concessions from the relevant municipalities.