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WasteCo Group (NZSE:WCO) Interest Coverage : 0 (At Loss) (As of Mar. 2025)


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What is WasteCo Group 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. WasteCo Group's Operating Income for the six months ended in Mar. 2025 was NZ$-1.93 Mil. WasteCo Group's Interest Expense for the six months ended in Mar. 2025 was NZ$-1.92 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 WasteCo Group's Interest Coverage or its related term are showing as below:


NZSE:WCO's Interest Coverage is not ranked *
in the Waste Management industry.
Industry Median: 5.4
* 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.


WasteCo Group Interest Coverage Historical Data

The historical data trend for WasteCo Group'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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WasteCo Group Interest Coverage Chart

WasteCo Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Interest Coverage
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WasteCo Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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Competitive Comparison of WasteCo Group's Interest Coverage

For the Waste Management subindustry, WasteCo Group'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.


WasteCo Group's Interest Coverage Distribution in the Waste Management Industry

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

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


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WasteCo Group 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.

WasteCo Group's Interest Coverage for the fiscal year that ended in Mar. 2025 is calculated as

Here, for the fiscal year that ended in Mar. 2025, WasteCo Group's Interest Expense was NZ$-4.08 Mil. Its Operating Income was NZ$-3.84 Mil. And its Long-Term Debt & Capital Lease Obligation was NZ$46.00 Mil.

WasteCo Group did not have earnings to cover the interest expense.

WasteCo Group's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the six months ended in Mar. 2025, WasteCo Group's Interest Expense was NZ$-1.92 Mil. Its Operating Income was NZ$-1.93 Mil. And its Long-Term Debt & Capital Lease Obligation was NZ$46.00 Mil.

WasteCo Group 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.

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


WasteCo Group  (NZSE:WCO) 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 .


WasteCo Group Interest Coverage Related Terms

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


WasteCo Group Business Description

Traded in Other Exchanges
N/A
Address
421 Blenheim Road, Upper Riccarton, Christchurch, NZL, 8041
WasteCo Group Ltd provides solutions in the collection of waste and recycling, sweeping services, and industrial cleaning services and is also committed to providing solutions for all liquid and solid waste removal, treatment, and disposal. The group derives revenue from Waste collection, recycling, and disposal services, Sweeping services, and Industrial cleaning services.

WasteCo Group Headlines

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