NKWFF (Oceanic Wind Energy) Interest Coverage: No Debt (1) (As of Mar. 2026) — 100% Below Median


What is Oceanic Wind Energy Interest Coverage?

Oceanic Wind Energy NKWFF Interest Coverage is No Debt (1) as of Mar. 2026, which is 100% below its 10-year median of 10,000.00. The stock has 3 warning signs investors should review. Among 321 Utilities - Independent Power Producers companies, Oceanic Wind Energy ranks better than 99.69% on this metric.

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. Oceanic Wind Energy's Operating Income for the three months ended in Mar. 2026 was $-0.14 Mil. Oceanic Wind Energy's Interest Expense for the three months ended in Mar. 2026 was $0.00 Mil. Oceanic Wind Energy has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Oceanic Wind Energy Inc has no debt.

(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 Oceanic Wind Energy's Interest Coverage or its related term are showing as below:

NKWFF' s Interest Coverage Range Over the Past 10 Years
Min: 208.67   Med: No Debt   Max: No Debt
Current: No Debt

NKWFF's Interest Coverage is ranked better than
99.69% of 321 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.92 vs NKWFF: No Debt

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

Oceanic Wind Energy  (OTCPK:NKWFF) 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 .

Oceanic Wind Energy Interest Coverage Related Terms

Oceanic Wind Energy Interest Coverage Historical Data

* Premium members only.

The historical data trend for Oceanic Wind 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.

Oceanic Wind Energy Interest Coverage Chart

Oceanic Wind Energy Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 N/A No Debt 231.00 No Debt

Oceanic Wind Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Oceanic Wind Energy Interest Coverage Competitor Comparison

For the Utilities - Renewable subindustry, Oceanic Wind 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.

Oceanic Wind Energy Interest Coverage vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Oceanic Wind Energy's Interest Coverage distribution charts can be found below:

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


Oceanic Wind 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.

Oceanic Wind Energy's Interest Coverage for the fiscal year that ended in Sep. 2025 is calculated as

Here, for the fiscal year that ended in Sep. 2025, Oceanic Wind Energy's Interest Expense was $0.00 Mil. Its Operating Income was $-0.40 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Oceanic Wind Energy had no debt (1).

Oceanic Wind Energy's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Oceanic Wind Energy's Interest Expense was $0.00 Mil. Its Operating Income was $-0.14 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Oceanic Wind Energy had no debt (1).

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
Oceanic Wind Energy (NKWFF) has a Interest Coverage of No Debt (1) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Oceanic Wind Energy and its competitors. This is 100% below median its historical median of 10,000.00. Over the past decade, Oceanic Wind Energy's Interest Coverage has ranged from 208.67 to 10,000.00. According to the industry distribution chart, Oceanic Wind Energy ranks #1 out of 321 companies in the Utilities - Independent Power Producers industry, placing it in the top 0.3%.
Is Oceanic Wind Energy's Interest Coverage too high?
Oceanic Wind Energy's current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 208.67 to a high of 10,000.00. Based on the distribution chart, Oceanic Wind Energy ranks #1 out of 321 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers.
How does Oceanic Wind Energy's Interest Coverage compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Oceanic Wind Energy ranks #1 out of 321 companies for Interest Coverage. This places Oceanic Wind Energy in the top 0% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 2.92. Historically, Oceanic Wind Energy's own Interest Coverage has ranged from 208.67 to 10,000.00 over the past decade. 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 2.92, based on 321 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 Oceanic Wind Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Interest Coverage is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oceanic Wind Energy's current Interest Coverage is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceanic Wind Energy stock overvalued right now?
Oceanic Wind Energy (NKWFF) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1), which is 100% below median its 10-year median of 10,000.00. 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 Oceanic Wind Energy (NKWFF), the current Interest Coverage is No Debt (1) as of Mar. 2026. 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.

Oceanic Wind Energy Business Description

Other Exchanges NKW.H:Canada
Address 355 Burrard Street, Suite 1000, Vancouver, BC, CAN, V6C 2G8
Oceanic Wind Energy Inc is engaged in the development of renewable energy projects. The company is developing an offshore wind project on the north coast of British Columbia in Hecate Strait.