SPIEF (SPI Energy Co) Interest Coverage: 0.59 (As of Sep. 2023)


SPIEF SPI Energy Co Ltd SPIEF
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What is SPI Energy Co Interest Coverage?

SPI Energy Co SPIEF 12 Interest Coverage is 0.59 as of Sep. 2023. GuruFocus rates SPIEF with a GF Score™ of 12/100.

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. SPI Energy Co's Operating Income for the three months ended in Sep. 2023 was $1.0 Mil. SPI Energy Co's Interest Expense for the three months ended in Sep. 2023 was $-1.6 Mil. SPI Energy Co's interest coverage for the quarter that ended in Sep. 2023 was 0.59. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for SPI Energy Co's Interest Coverage or its related term are showing as below:


SPIEF's Interest Coverage is not ranked *
in the Semiconductors industry.
Industry Median: 20.225
* 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.

SPI Energy Co  (OTCPK:SPIEF) 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 .

SPI Energy Co Interest Coverage Related Terms

SPI Energy Co Interest Coverage Historical Data

* Premium members only.

The historical data trend for SPI Energy Co'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.

SPI Energy Co Interest Coverage Chart

SPI Energy Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.02 0.00 0.00

SPI Energy Co Quarterly Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.00 0.00 0.00 0.00 0.59

SPIEF vs ISUN, SUNW, PEGY: Interest Coverage Comparison

For the Solar subindustry, SPI Energy Co'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.

SPI Energy Co Interest Coverage vs Semiconductors Industry

For the Semiconductors industry and Technology sector, SPI Energy Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SPI Energy Co's Interest Coverage falls into.


SPIEF
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SPI Energy Co Ltd SPIEF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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SPI Energy Co 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.

SPI Energy Co'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, SPI Energy Co's Interest Expense was $-7.2 Mil. Its Operating Income was $-26.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $20.9 Mil.

SPI Energy Co did not have earnings to cover the interest expense.

SPI Energy Co's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, SPI Energy Co's Interest Expense was $-1.6 Mil. Its Operating Income was $1.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $16.0 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*0.961/-1.632
=0.59

* 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 0.59 mean?
SPI Energy Co (SPIEF) has a Interest Coverage of 0.59 as of Sep. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on SPI Energy Co and its competitors.
Is SPI Energy Co's Interest Coverage too high?
SPI Energy Co's current Interest Coverage is 0.59. The Semiconductors industry median Interest Coverage is 20.23. SPI Energy Co's value of 0.59 is 97.1% below this industry median. Overall, SPI Energy Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does SPI Energy Co's Interest Coverage compare to ISUN and SUNW?
SPI Energy Co's Interest Coverage of 0.59 can be compared against companies in the Semiconductors industry. The industry median Interest Coverage is 20.23. SPI Energy Co's value of 0.59 is 97.1% below this benchmark. 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 Semiconductors company?
The median Interest Coverage among Semiconductors companies is 20.23, based on 638 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. SPI Energy Co's current Interest Coverage of 0.59 is 97.1% below the industry median. 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 SPI Energy Co and its competitors. For the Semiconductors industry, the median Interest Coverage is 20.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPI Energy Co's current Interest Coverage is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPI Energy Co stock overvalued right now?
SPI Energy Co (SPIEF) has a current Interest Coverage of 0.59. The current Interest Coverage is 0.59 and 97.1% below the Semiconductors industry median of 20.23. SPI Energy Co's overall GF Score™ is 12/100. 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 SPI Energy Co (SPIEF), the current Interest Coverage is 0.59 as of Sep. 2023. 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.

SPI Energy Co Business Description

Address 4803 Urbani Ave, Mc Clellan Park, CA, USA, 95652
SPI Energy Co Ltd is a renewable energy company and provider of solar storage and electric vehicle (EV) solutions. The company has three core divisions: SolarJuice residential solar, the commercial solar division comprised of SPI Solar and Orange Power, and the Edisonfuture/Phoenix Motor EV division. Geographically, it has a presence in North America, Australia, Asia and Europe.
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