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Parabel (Parabel) Interest Coverage : 0 (At Loss) (As of Sep. 2013)


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What is Parabel 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. Parabel's Operating Income for the three months ended in Sep. 2013 was $-4.89 Mil. Parabel's Interest Expense for the three months ended in Sep. 2013 was $-2.64 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 Parabel's Interest Coverage or its related term are showing as below:


PABL's Interest Coverage is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 8.52
* 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.


Parabel Interest Coverage Historical Data

The historical data trend for Parabel'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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Parabel Interest Coverage Chart

Parabel Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Interest Coverage
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Parabel Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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 - 0.94 - - -

Competitive Comparison of Parabel's Interest Coverage

For the Farm Products subindustry, Parabel'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.


Parabel's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Parabel's Interest Coverage distribution charts can be found below:

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



Parabel 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.

Parabel's Interest Coverage for the fiscal year that ended in Dec. 2012 is calculated as

Here, for the fiscal year that ended in Dec. 2012, Parabel's Interest Expense was $-8.65 Mil. Its Operating Income was $-20.13 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Parabel did not have earnings to cover the interest expense.

Parabel's Interest Coverage for the quarter that ended in Sep. 2013 is calculated as

Here, for the three months ended in Sep. 2013, Parabel's Interest Expense was $-2.64 Mil. Its Operating Income was $-4.89 Mil. And its Long-Term Debt & Capital Lease Obligation was $15.51 Mil.

Parabel 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.


Parabel  (OTCPK:PABL) 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 .


Parabel Interest Coverage Related Terms

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


Parabel (Parabel) Business Description

Traded in Other Exchanges
N/A
Address
Parabel Inc. provides renewable technology and solutions to meet the significant and growing demand for agricultural products and energy in global markets. The Company's solution is designed to deliver strong economic returns to customer licensees as a consequence of continuous, year-round production operations. Parabel also intends to provide social and environmental benefits, through job creation, community investment, and sustainable production that absorbs atmospheric carbon dioxide and does not compete with the existing food supply, require arable land, or pollute soil or water.
Executives
Eugene Grin 10 percent owner 825 THIRD AVENUE 14TH FLOOR, NEW YORK NY 10022
Michael Anthony other: Former President 330 CLEMATIS STREET SUITE 217 WEST PALM BEACH CA 33401

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