WODI (Water on Demand) Interest Coverage: No Debt (1) (As of Sep. 2023)


What is Water on Demand Interest Coverage?

Water on Demand WODI Interest Coverage is No Debt (1) as of Sep. 2023.

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. Water on Demand's Operating Income for the three months ended in Sep. 2023 was $0.00 Mil. Water on Demand's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. Water on Demand has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Water on Demand's Interest Coverage or its related term are showing as below:


WODI's Interest Coverage is not ranked *
in the Waste Management industry.
Industry Median: 5.72
* 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.

Water on Demand  (NAS:WODI) 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 .

Water on Demand Interest Coverage Related Terms

Water on Demand Interest Coverage Historical Data

* Premium members only.

The historical data trend for Water on Demand'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.

Water on Demand Interest Coverage Chart

Water on Demand Annual Data
Trend Dec21 Dec22
Interest Coverage
0.00 7.50

Water on Demand Quarterly Data
Dec21 Dec22 Sep23
Interest Coverage No Debt 0.00 No Debt

WODI vs : Interest Coverage Comparison

For the Waste Management subindustry, Water on Demand'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.

Water on Demand Interest Coverage vs Waste Management Industry

For the Waste Management industry and Industrials sector, Water on Demand's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Water on Demand's Interest Coverage falls into.


Water on Demand 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.

Water on Demand'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, Water on Demand's Interest Expense was $-0.04 Mil. Its Operating Income was $0.32 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*0.315/-0.042
=7.50

Water on Demand's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Water on Demand's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Water on Demand had no debt (1).

* 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 No Debt <sup>(1)</sup> mean?
Water on Demand (WODI) has a Interest Coverage of No Debt (1) as of Sep. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Water on Demand and its competitors.
Is Water on Demand's Interest Coverage too high?
Water on Demand's current Interest Coverage is No Debt (1).
How does Water on Demand's Interest Coverage compare to ?
Water on Demand's Interest Coverage of No Debt (1) can be compared against companies in the Waste Management industry. The industry median Interest Coverage is 5.72. 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 Waste Management company?
The median Interest Coverage among Waste Management companies is 5.72, based on 161 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 Water on Demand and its competitors. For the Waste Management industry, the median Interest Coverage is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Water on Demand's current Interest Coverage is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Water on Demand stock overvalued right now?
Water on Demand (WODI) has a current Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). 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 Water on Demand (WODI), the current Interest Coverage is No Debt (1) 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.

Water on Demand Business Description

Comparable Companies
Address 13575 58th Street North, Suite 200, Clearwater, FL, USA, 33760
Water on Demand Inc is engaged in water treatment as a service that is treating and reusing sewage water.