Electra Consumer Products (XTAE:ECP) Interest Coverage : 1.21 (As of Mar. 2024)

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What is Electra Consumer Products 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. Electra Consumer Products's Operating Income for the three months ended in Mar. 2024 was ₪66 Mil. Electra Consumer Products's Interest Expense for the three months ended in Mar. 2024 was ₪-55 Mil. Electra Consumer Products's interest coverage for the quarter that ended in Mar. 2024 was 1.21. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Electra Consumer Products's Interest Coverage or its related term are showing as below:

XTAE:ECP' s Interest Coverage Range Over the Past 10 Years
Min: 0.48 Med: 4.19 Max: 12.49
Current: 0.79

XTAE:ECP's Interest Coverage is ranked worse than
95.88% of 1576 companies
in the Hardware industry
Industry Median: 12.55 vs XTAE:ECP: 0.79

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Electra Consumer Products Interest Coverage Historical Data

The historical data trend for Electra Consumer Products'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.

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Electra Consumer Products Interest Coverage Chart

Electra Consumer Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

5.33

11.28

3.50

2.01

0.48

Electra Consumer Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															0.26	-	1.01	4.16	1.21

Competitive Comparison of Electra Consumer Products's Interest Coverage

For the Consumer Electronics subindustry, Electra Consumer Products'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.

Electra Consumer Products's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Electra Consumer Products's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Electra Consumer Products's Interest Coverage falls into.

Electra Consumer Products 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.

Electra Consumer Products's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Electra Consumer Products's Interest Expense was ₪-188 Mil. Its Operating Income was ₪90 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪2,651 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	89.669	/	-188.082
	=	0.48

Electra Consumer Products's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Electra Consumer Products's Interest Expense was ₪-55 Mil. Its Operating Income was ₪66 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪3,374 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	66.458	/	-54.834
	=	1.21

The higher the ratio, the stronger the company's Financial Strength is.

Electra Consumer Products (XTAE:ECP) 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 .

Electra Consumer Products Interest Coverage Related Terms

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

Electra Consumer Products (XTAE:ECP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Electra Consumer Products Ltd (XTAE:ECP) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

1 Sapir Street, New Industrial Zone, Rishon Lezion, ISR, 75704

Website

http://www.electra-consumer.co.il

Electra Consumer Products Ltd engages in the field of household electrical appliances, air conditioning, and communications. The group operates in three fields of operations of which the First field is importing, manufacturing, exporting, marketing, sale, and distribution of electrical consumer products as well as the provision of services for products; the Second field consists of the operation of retail marketing chains for the sale of electrical consumer products in Israel and the Third field includes the operation of "Do It Yourself" chains - retail chains specializing in the provision of home design and maintenance solutions and in the field of products for motor vehicles field. Geographically, the firm is Israel based and it derives revenue from sales and the provision of services.

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