ErreDue SpA (MIL:RDUE) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is ErreDue 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. ErreDue SpA's Operating Income for the six months ended in Dec. 2023 was €2.25 Mil. ErreDue SpA's Interest Expense for the six months ended in Dec. 2023 was €0.02 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. ErreDue SpA has enough cash to cover all of its debt. Its financial situation is stable.

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

MIL:RDUE' s Interest Coverage Range Over the Past 10 Years
Min: 83.31 Med: 140.11 Max: 195.95
Current: 195.95

MIL:RDUE's Interest Coverage is ranked better than
86.51% of 2298 companies
in the Industrial Products industry
Industry Median: 13.58 vs MIL:RDUE: 195.95

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

ErreDue SpA Interest Coverage Historical Data

The historical data trend for ErreDue 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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ErreDue SpA Interest Coverage Chart

ErreDue SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

83.31

112.93

179.61

140.11

195.95

ErreDue SpA Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			458.60	155.71	130.18	45.87	-

Competitive Comparison of ErreDue SpA's Interest Coverage

For the Specialty Industrial Machinery subindustry, ErreDue 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.

ErreDue SpA's Interest Coverage Distribution in the Industrial Products Industry

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

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

ErreDue 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.

ErreDue 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, ErreDue SpA's Interest Expense was €-0.02 Mil. Its Operating Income was €4.31 Mil. And its Long-Term Debt & Capital Lease Obligation was €2.19 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	4.311	/	-0.022
	=	195.95

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

Here, for the six months ended in Dec. 2023, ErreDue SpA's Interest Expense was €0.02 Mil. Its Operating Income was €2.25 Mil. And its Long-Term Debt & Capital Lease Obligation was €2.19 Mil.

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

ErreDue SpA (MIL:RDUE) 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 .

ErreDue SpA Interest Coverage Related Terms

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

ErreDue SpA (MIL:RDUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ErreDue SpA (MIL:RDUE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via G. Gozzano, 3, Livorno, ITA, 57121

Website

https://www.erreduegas.it

ErreDue SpA designs manufacture and markets solutions for the on-site production, blending, and purification of technical gases (hydrogen produced by electrolysis of water, nitrogen, and oxygen) intended for use in small, medium, and large industrial sites, laboratories, medical applications, applications related to the energy transition. Its range of products comprises High purity Hydrogen generators, High purity Nitrogen generators, Oxygen generators, and Purification systems for Nitrogen, Hydrogen, Oxygen, and complex gas mixtures.

ErreDue SpA (MIL:RDUE) Headlines

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