Ardova (NSA:ARDOVA) Interest Coverage : 0 (At Loss) (As of Jun. 2022)

View and export this data going back to . Start your Free Trial

What is Ardova 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. Ardova's Operating Income for the three months ended in Jun. 2022 was ₦-2,257 Mil. Ardova's Interest Expense for the three months ended in Jun. 2022 was ₦-571 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

NSA:ARDOVA's Interest Coverage is not ranked ^*
in the Oil & Gas industry.
Industry Median: 6.62
* Ranked among companies with meaningful Interest Coverage only.

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

Ardova Interest Coverage Historical Data

The historical data trend for Ardova'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.

* Premium members only.

Ardova Interest Coverage Chart

Ardova Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Coverage

Get a 7-Day Free Trial

0.63

0.58

0.19

2.29

0.24

Ardova Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Interest Coverage	Get a 7-Day Free Trial															5.69	0.68	-	1.17	-

Competitive Comparison of Ardova's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, Ardova'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.

Ardova's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ardova's Interest Coverage distribution charts can be found below:

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

Ardova 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.

Ardova's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Ardova's Interest Expense was ₦-2,054 Mil. Its Operating Income was ₦495 Mil. And its Long-Term Debt & Capital Lease Obligation was ₦35,735 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2021 )	/	Interest Expense (A: Dec. 2021 )
	=	-1	*	494.957	/	-2053.701
	=	0.24

Ardova's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Ardova's Interest Expense was ₦-571 Mil. Its Operating Income was ₦-2,257 Mil. And its Long-Term Debt & Capital Lease Obligation was ₦46,754 Mil.

Ardova did not have earnings to cover the interest expense.

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

Ardova (NSA:ARDOVA) 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 .

Ardova Interest Coverage Related Terms

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

Ardova (NSA:ARDOVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ardova PLC (NSA:ARDOVA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, AP/Conoil Road, Ijora-Apapa, Lagos, NGA

Website

http://www.ardovaplc.com

Ardova PLC integrated energy company in Nigeria involved in the marketing of petroleum products. The company also provides aircraft refueling operations at its Aviation Joint User's hydrants in Ikeja and Joint Aviation depots in Abuja, Port Harcourt, and Kano as a provider of aviation fuel for local and international airlines. It also procures and markets Liquefied Petroleum Gas. It manufactures and distributes a wide range of quality lubricants, which include Super V, Visco 2000, and Diesel Motor Oil from its lubricating oil blending plant at its Apapa terminal in Lagos. The company is the sole authorized distributor of Shell Engine Oils and Lubricants for the Nigerian market. the company is also into renewable energy.

Ardova (NSA:ARDOVA) Headlines

No Headlines