The Initiates (NSA:TIP) Interest Coverage: 0 (At Loss) (As of . 20)


What is The Initiates Interest Coverage?

The Initiates NSA:TIP +0.36% Interest Coverage is 0 (At Loss) as of . 20. The stock has 2 warning signs investors should review. Among 163 Waste Management companies, The Initiates ranks worse than 613496.32% 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. The Initiates's Operating Income for the six months ended in . 20 was ₦0.00 Mil. The Initiates's Interest Expense for the six months ended in . 20 was ₦0.00 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 The Initiates's Interest Coverage or its related term are showing as below:


NSA:TIP's Interest Coverage is not ranked *
in the Waste Management industry.
Industry Median: 5.87
* 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.

The Initiates  (NSA:TIP) 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 .

The Initiates Interest Coverage Related Terms

The Initiates Interest Coverage Historical Data

* Premium members only.

The historical data trend for The Initiates'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.

The Initiates Interest Coverage Chart

The Initiates Annual Data
Trend
Interest Coverage

The Initiates Semi-Annual Data
Interest Coverage

NSA:TIP vs CWSS, ECMT, GETH: Interest Coverage Comparison

For the Waste Management subindustry, The Initiates'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.

The Initiates Interest Coverage vs Waste Management Industry

For the Waste Management industry and Industrials sector, The Initiates's Interest Coverage distribution charts can be found below:

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


The Initiates 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.

The Initiates's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, The Initiates's Interest Expense was ₦0.00 Mil. Its Operating Income was ₦0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ₦0.00 Mil.

The Initiates had no debt (1).

The Initiates's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, The Initiates's Interest Expense was ₦0.00 Mil. Its Operating Income was ₦0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was ₦0.00 Mil.

The Initiates 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 0 (At Loss) mean?
The Initiates (NSA:TIP) has a Interest Coverage of 0 (At Loss) as of . 20. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on The Initiates and its competitors. According to the industry distribution chart, The Initiates ranks #999999 out of 163 companies in the Waste Management industry.
Is The Initiates' Interest Coverage too high?
The Initiates' current Interest Coverage is 0 (At Loss). Based on the distribution chart, The Initiates ranks #999999 out of 163 companies in the Waste Management industry, which is in the bottom quartile relative to peers.
How does The Initiates' Interest Coverage compare to CWSS and ECMT?
According to the Waste Management industry distribution chart, The Initiates ranks #999999 out of 163 companies for Interest Coverage. This places The Initiates in the lower half of its industry. The industry median Interest Coverage is 5.87. 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 a Waste Management company?
The median Interest Coverage among Waste Management companies is 5.87, based on 163 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 The Initiates and its competitors. For the Waste Management industry, the median Interest Coverage is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Initiates'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 The Initiates stock overvalued right now?
The Initiates (NSA:TIP) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). 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 The Initiates (NSA:TIP), the current Interest Coverage is 0 (At Loss) as of . 20. 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.

The Initiates Business Description

Address Plot 400, Location Road, Off Aba/PH Expressway, P.O. BOX 7242, Umuebule 5, Port Harcourt, Rivers State, NGA
The Initiates PLC is a professional waste management company. The company is engaged in delivering Waste Management, Industrial Cleaning and Decontamination services to both Private and Public sectors. It has a multi-disciplinary and flexible workforce and all relevant permits necessary for delivering waste management and industrial cleaning services.