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. Mass Megawatts Wind Power's
Operating Income
for the
three
months ended in Jan. 2024 was $-0.05 Mil. Mass Megawatts Wind Power's Interest Expense for the
three
months ended in Jan. 2024 was $-0.05 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
(1) 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.
The historical rank and industry rank for Mass Megawatts Wind Power's Interest Coverage or its related term are showing as below:
MMMW's Interest Coverage is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 2.95 * Ranked among companies with meaningful Interest Coverage only.
Mass Megawatts Wind Power (OTCPK:MMMW) 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 .
Mass Megawatts Wind Power Interest Coverage Related Terms
Mass Megawatts Wind Power 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.
MMMW vs ALCE, ETRXF, GEV: Interest Coverage Comparison
For the Utilities - Renewable subindustry, Mass Megawatts Wind Power'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.
Mass Megawatts Wind Power Interest Coverage vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Mass Megawatts Wind Power's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mass Megawatts Wind Power's Interest Coverage falls into.
Mass Megawatts Wind Power 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:
Mass Megawatts Wind Power 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.
What does a Interest Coverage of 0 (At Loss) mean?
Mass Megawatts Wind Power (MMMW) has a Interest Coverage of 0 (At Loss) as of Jan. 2024. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mass Megawatts Wind Power and its competitors.
Is Mass Megawatts Wind Power's Interest Coverage too high?
Mass Megawatts Wind Power's current Interest Coverage is 0 (At Loss). Overall, Mass Megawatts Wind Power has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Mass Megawatts Wind Power's Interest Coverage compare to ALCE and ETRXF?
Mass Megawatts Wind Power's Interest Coverage of 0 (At Loss) can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Interest Coverage is 2.95. 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 - Independent Power Producers company?
The median Interest Coverage among Utilities - Independent Power Producers companies is 2.95, based on 320 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. 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 Mass Megawatts Wind Power and its competitors. For the Utilities - Independent Power Producers industry, the median Interest Coverage is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mass Megawatts Wind Power's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mass Megawatts Wind Power stock overvalued right now?
Mass Megawatts Wind Power (MMMW) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). Mass Megawatts Wind Power's overall GF Score™ is 32/100. 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 Mass Megawatts Wind Power (MMMW), the current Interest Coverage is 0 (At Loss) as of Jan. 2024. 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.
Mass Megawatts Wind Power Inc is engaged in the development of renewable power technology. It develops solar trackers and wind energy equipment for low-cost clean energy generation. The company's patent pending, Mass Megawatts Solar Tracking System (STS) is a complete solar power system that is designed to continually adjust the position of solar panels to receive the optimal level of direct sunlight throughout the day. In addition, it also seeks to build and operate wind-energy-generated power plants utilizing proprietary MultiAxis Turbine technology.
32GF Score
Get the complete analysis for MMMW
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