PRPI (Perpetual Industries) Interest Coverage: 0 (At Loss) (As of Dec. 2022)


What is Perpetual Industries Interest Coverage?

Perpetual Industries PRPI +0.03% Interest Coverage is 0 (At Loss) as of Dec. 2022.

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. Perpetual Industries's Operating Income for the six months ended in Dec. 2022 was $-1.47 Mil. Perpetual Industries's Interest Expense for the six months ended in Dec. 2022 was $-0.10 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 Perpetual Industries's Interest Coverage or its related term are showing as below:


PRPI's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 14.79
* 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.

Perpetual Industries  (OTCPK:PRPI) 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 .

Perpetual Industries Interest Coverage Related Terms

Perpetual Industries Interest Coverage Historical Data

* Premium members only.

The historical data trend for Perpetual Industries'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.

Perpetual Industries Interest Coverage Chart

Perpetual Industries Annual Data
Trend Jul13 Jul14 Jul15 Dec21 Dec22
Interest Coverage
0.00 0.00 0.00 0.05 0.00

Perpetual Industries Semi-Annual Data
Jul13 Jul14 Jul15 Dec21 Dec22
Interest Coverage 0.00 0.00 0.00 0.05 0.00

PRPI vs BRBL, JKSM, ATVK: Interest Coverage Comparison

For the Specialty Industrial Machinery subindustry, Perpetual Industries'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.

Perpetual Industries Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Perpetual Industries's Interest Coverage distribution charts can be found below:

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


Perpetual Industries 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.

Perpetual Industries's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Perpetual Industries's Interest Expense was $-0.10 Mil. Its Operating Income was $-1.47 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.61 Mil.

Perpetual Industries did not have earnings to cover the interest expense.

Perpetual Industries's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the six months ended in Dec. 2022, Perpetual Industries's Interest Expense was $-0.10 Mil. Its Operating Income was $-1.47 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.61 Mil.

Perpetual Industries 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0 (At Loss) mean?
Perpetual Industries (PRPI) has a Interest Coverage of 0 (At Loss) as of Dec. 2022. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Perpetual Industries and its competitors.
Is Perpetual Industries' Interest Coverage too high?
Perpetual Industries' current Interest Coverage is 0 (At Loss).
How does Perpetual Industries' Interest Coverage compare to BRBL and JKSM?
Perpetual Industries' Interest Coverage of 0 (At Loss) can be compared against companies in the Industrial Products industry. The industry median Interest Coverage is 14.79. 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 an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.79, based on 2,329 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 Perpetual Industries and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perpetual Industries'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 Perpetual Industries stock overvalued right now?
Perpetual Industries (PRPI) 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 Perpetual Industries (PRPI), the current Interest Coverage is 0 (At Loss) as of Dec. 2022. 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.

Perpetual Industries Business Description

Address 2193 Rotunda Drive, Auburn, IN, USA, 46706
Perpetual Industries Inc is a U.S.-based company focused on the growth and market expansion of its wholly owned subsidiary, The Worldwide Group, LLC, which operates as Worldwide Auctioneers, is a boutique auction firm specializing in the sale and acquisition of classic and vintage motorcars, generating its primary revenues through live and online auctions held across the United States. The company serves a clientele of automotive collectors and enthusiasts. Along with its auction events, the company offers a comprehensive suite of personalized services, including private car sales appraisals, collection management, estate planning, and asset consultancy.