GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Heramba Electric PLC (NAS:PITA) » Definitions » Interest Coverage

PITA (Heramba Electric) Interest Coverage : 0 (At Loss) (As of Dec. 2023)


View and export this data going back to 2024. Start your Free Trial

What is Heramba Electric 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. Heramba Electric's Operating Income for the six months ended in Dec. 2023 was $-2.34 Mil. Heramba Electric's Interest Expense for the six months ended in Dec. 2023 was $-0.25 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 Heramba Electric's Interest Coverage or its related term are showing as below:


PITA's Interest Coverage is not ranked *
in the Industrial Distribution industry.
Industry Median: 7.52
* 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.

Heramba Electric Interest Coverage Historical Data

The historical data trend for Heramba Electric'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.

Heramba Electric Interest Coverage Chart

Heramba Electric Annual Data
Trend Dec22 Dec23
Interest Coverage
No Debt -

Heramba Electric Semi-Annual Data
Dec22 Jun23 Dec23
Interest Coverage No Debt - -

Competitive Comparison of Heramba Electric's Interest Coverage

For the Industrial Distribution subindustry, Heramba Electric'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.

Heramba Electric's Interest Coverage Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Heramba Electric's Interest Coverage distribution charts can be found below:

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


Heramba Electric 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.

Heramba Electric's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Heramba Electric's Interest Expense was $-0.32 Mil. Its Operating Income was $-3.07 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Heramba Electric did not have earnings to cover the interest expense.

Heramba Electric's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Heramba Electric's Interest Expense was $-0.25 Mil. Its Operating Income was $-2.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Heramba Electric 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.

Heramba Electric  (NAS:PITA) 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 .

Heramba Electric Interest Coverage Related Terms

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

Heramba Electric Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Heramba Electric PLC (NAS:PITA) » Definitions » Interest Coverage
Comparable Companies
Traded in Other Exchanges
N/A
Address
Kiepe Platz 1, Dusseldorf, NW, DEU, D-40599
Website
https://www.kiepe-elektrik.com
Heramba Electric PLC provides electric mobility products and solutions for rail vehicles and buses. It offers its services to public transport companies, fleet operators and vehicle manufacturers as a solution designer and system integrator of electrical systems for rail vehicle systems (including trams, light rail vehicles, metros, regional trains and locomotives) and electrical vehicle systems (including electric buses, such as pure electric In Motion Charging trolley buses and battery electric buses). As an electrical engineering specialist, the Company supplies urban operators and rail vehicle and bus manufacturers with electrical systems for ecologically sustainable and emission-free public transportation solutions.