Zooz Power (XTAE:ZOOZ) Interest Coverage : N/A (As of Jun. 2024)

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What is Zooz Power 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. Zooz Power's Operating Income for the six months ended in Jun. 2024 was ₪-18.95 Mil. Zooz Power's Interest Expense for the six months ended in Jun. 2024 was ₪0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Zooz Power's Interest Coverage or its related term are showing as below:

XTAE:ZOOZ's Interest Coverage is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 8.25
* 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.

Zooz Power Interest Coverage Historical Data

The historical data trend for Zooz Power'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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Zooz Power Interest Coverage Chart

Zooz Power Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

Zooz Power Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Interest Coverage	No Debt	N/A	No Debt	-	N/A

Competitive Comparison of Zooz Power's Interest Coverage

For the Specialty Retail subindustry, Zooz Power'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.

Zooz Power's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zooz Power's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Zooz Power's Interest Coverage falls into.

Zooz Power 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.

Zooz Power'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, Zooz Power's Interest Expense was ₪-0.05 Mil. Its Operating Income was ₪-44.01 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪3.73 Mil.

Zooz Power did not have earnings to cover the interest expense.

Zooz Power's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, Zooz Power's Interest Expense was ₪0.00 Mil. Its Operating Income was ₪-18.95 Mil. And its Long-Term Debt & Capital Lease Obligation was ₪2.97 Mil.

GuruFocus does not calculate Zooz Power's interest coverage with the available data.

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

Zooz Power (XTAE:ZOOZ) 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 .

Zooz Power Interest Coverage Related Terms

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Zooz Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zooz Power Ltd (XTAE:ZOOZ) » Definitions » Interest Coverage

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ZOOZ:USA

Address

Hamelacha 4B, Lod, ISR, 7152008

Website

https://www.zoozpower.com

Zooz Power Ltd is a provider of Flywheel-based Power Boosting solutions enabling widespread deployment of ultra-fast charging infrastructure for electric vehicles (EV) while overcoming existing grid limitations. ZOOZ pioneers its flywheel-based power boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure. ZOOZ Power's sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, efficiency, and greater flexibility.