What is Espey Manufacturing & Electronics 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. Espey Manufacturing & Electronics's
Operating Income
for the
three
months ended in Dec. 2023 was $2.09 Mil. Espey Manufacturing & Electronics's Interest Expense for the
three
months ended in Dec. 2023 was $0.00 Mil.
Espey Manufacturing & Electronics has no debt.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Espey Manufacturing & Electronics Corp has no debt.
(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 Espey Manufacturing & Electronics's Interest Coverage or its related term are showing as below:
ESP'
s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt
ESP's Interest Coverage is ranked better than 99.57% of 2304
companies
in the Industrial Products industry
Industry Median: 13.775
vs ESP: No Debt
* 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.
Competitive Comparison of Espey Manufacturing & Electronics's Interest Coverage
For the Electrical Equipment & Parts subindustry, Espey Manufacturing & Electronics'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.
Espey Manufacturing & Electronics's Interest Coverage Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Espey Manufacturing & Electronics's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Espey Manufacturing & Electronics'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:
Espey Manufacturing & Electronics 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.
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 .
Espey Manufacturing & Electronics Interest Coverage Related Terms
Thank you for viewing the detailed overview of Espey Manufacturing & Electronics's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Espey Manufacturing & Electronics (Espey Manufacturing & Electronics) Business Description
Espey Manufacturing & Electronics Corp designs, develops, tests, and manufactures specialized military and rugged industrial power supplies and transformers for use in harsh or severe environment applications. Its products and solutions include power converters, power conditioning, high-voltage radar, contract manufacturing, custom engineering, and others. The applications of these products include AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power.
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