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Wigton Windfarm (XJAM:WIG) Interest Coverage : 0 (At Loss) (As of . 20)


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What is Wigton Windfarm 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. Wigton Windfarm's Operating Income for the six months ended in . 20 was JMD0.00 Mil. Wigton Windfarm's Interest Expense for the six months ended in . 20 was JMD0.00 Mil. did not have earnings to cover the interest expense. 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 Wigton Windfarm's Interest Coverage or its related term are showing as below:


XJAM:WIG's Interest Coverage is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 3.13
* 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.


Wigton Windfarm Interest Coverage Historical Data

The historical data trend for Wigton Windfarm'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.

Wigton Windfarm Interest Coverage Chart

Wigton Windfarm Annual Data
Trend
Interest Coverage

Wigton Windfarm Semi-Annual Data
Interest Coverage

Competitive Comparison of Wigton Windfarm's Interest Coverage

For the Utilities - Renewable subindustry, Wigton Windfarm'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.


Wigton Windfarm's Interest Coverage Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Wigton Windfarm's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Wigton Windfarm's Interest Coverage falls into.



Wigton Windfarm 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.

Wigton Windfarm's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Wigton Windfarm's Interest Expense was JMD0.00 Mil. Its Operating Income was JMD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0.00 Mil.

Wigton Windfarm had no debt (1).

Wigton Windfarm's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Wigton Windfarm's Interest Expense was JMD0.00 Mil. Its Operating Income was JMD0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was JMD0.00 Mil.

Wigton Windfarm 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.


Wigton Windfarm  (XJAM:WIG) 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 .


Wigton Windfarm Interest Coverage Related Terms

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


Wigton Windfarm (XJAM:WIG) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
36 Trafalgar Road, Saint Andrew, Kingston, JAM, 10
Wigton Windfarm Ltd is a Jamaica based company formed with an objective to develop and operate wind-powered renewable energy systems in Jamaica and to supply electricity produced by wind technology.

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