Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Petroteq Energy's
Operating Income
for the
three
months ended in May. 2022 was C$-8.36 Mil. Petroteq Energy's Interest Expense for the
three
months ended in May. 2022 was C$-3.64 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 Petroteq Energy's Interest Coverage or its related term are showing as below:
TSXV:PQE.H's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 6.01 * Ranked among companies with meaningful Interest Coverage only.
Petroteq Energy (TSXV:PQE.H) 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 .
Petroteq Energy Interest Coverage Related Terms
Petroteq Energy Interest Coverage Historical Data
* Premium members only.
The historical data trend for Petroteq Energy'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.
TSXV:PQE.H vs MMEX, SPOWF, COP: Interest Coverage Comparison
For the Oil & Gas E&P subindustry, Petroteq Energy'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.
Petroteq Energy Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petroteq Energy's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Petroteq Energy's Interest Coverage falls into.
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:
Petroteq Energy 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.
What does a Interest Coverage of 0 (At Loss) mean?
Petroteq Energy (TSXV:PQE.H) has a Interest Coverage of 0 (At Loss) as of May. 2022. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Petroteq Energy and its competitors.
Is Petroteq Energy's Interest Coverage too high?
Petroteq Energy's current Interest Coverage is 0 (At Loss).
How does Petroteq Energy's Interest Coverage compare to MMEX and SPOWF?
Petroteq Energy's Interest Coverage of 0 (At Loss) can be compared against companies in the Oil & Gas industry. The industry median Interest Coverage is 6.01. 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 Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 6.01, based on 730 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 Petroteq Energy and its competitors. For the Oil & Gas industry, the median Interest Coverage is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petroteq Energy'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 Petroteq Energy stock overvalued right now?
Petroteq Energy (TSXV:PQE.H) 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 Petroteq Energy (TSXV:PQE.H), the current Interest Coverage is 0 (At Loss) as of May. 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.
Petroteq Energy Inc is a fully integrated oil and gas company focused on the development and implementation of new proprietary technology for oil extraction. The company operated in two reportable segments being Oil Extraction and Processing Operations and Mining Operations. It generates revenue from the sale of hydrocarbon.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:PQE.H has been successfully added to your 
