Ecomembrane SpA (MIL:ECMB) Interest Coverage : 40.31 (As of Dec. 2023)

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What is Ecomembrane 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. Ecomembrane SpA's Operating Income for the six months ended in Dec. 2023 was €1.98 Mil. Ecomembrane SpA's Interest Expense for the six months ended in Dec. 2023 was €-0.05 Mil. Ecomembrane SpA's interest coverage for the quarter that ended in Dec. 2023 was 40.31. The higher the ratio, the stronger the company's financial strength is.

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

MIL:ECMB' s Interest Coverage Range Over the Past 10 Years
Min: 9.02 Med: 33.61 Max: 40.67
Current: 9.02

MIL:ECMB's Interest Coverage is ranked better than
55.45% of 312 companies
in the Packaging & Containers industry
Industry Median: 6.76 vs MIL:ECMB: 9.02

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

Ecomembrane SpA Interest Coverage Historical Data

The historical data trend for Ecomembrane 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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Ecomembrane SpA Interest Coverage Chart

Ecomembrane SpA Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

40.67

33.61

9.02

Ecomembrane SpA Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Interest Coverage	N/A	N/A	-	40.31

Competitive Comparison of Ecomembrane SpA's Interest Coverage

For the Packaging & Containers subindustry, Ecomembrane 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.

Ecomembrane SpA's Interest Coverage Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ecomembrane SpA's Interest Coverage distribution charts can be found below:

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

Ecomembrane 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.

Ecomembrane 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, Ecomembrane SpA's Interest Expense was €-0.12 Mil. Its Operating Income was €1.12 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.07 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1.118	/	-0.124
	=	9.02

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

Here, for the six months ended in Dec. 2023, Ecomembrane SpA's Interest Expense was €-0.05 Mil. Its Operating Income was €1.98 Mil. And its Long-Term Debt & Capital Lease Obligation was €1.07 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1.975	/	-0.049
	=	40.31

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

Ecomembrane SpA (MIL:ECMB) 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 .

Ecomembrane SpA Interest Coverage Related Terms

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

Ecomembrane SpA (MIL:ECMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ecomembrane SpA (MIL:ECMB) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Pari Opportunita n. 9, Gadesco, Pieve Delmona, ITA, 26030

Website

https://www.ecomembrane.com

Ecomembrane SpA operates in the sector of design, sale and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2 and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has the most extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.

Ecomembrane SpA (MIL:ECMB) Headlines

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