Ameresco (Ameresco) Interest Coverage : 2.81 (As of Dec. 2023)

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What is Ameresco 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. Ameresco's Operating Income for the three months ended in Dec. 2023 was $38 Mil. Ameresco's Interest Expense for the three months ended in Dec. 2023 was $-13 Mil. Ameresco's interest coverage for the quarter that ended in Dec. 2023 was 2.81. The higher the ratio, the stronger the company's financial strength is.

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

AMRC' s Interest Coverage Range Over the Past 10 Years
Min: 1.48 Med: 3.55 Max: 5.72
Current: 2.1

AMRC's Interest Coverage is ranked worse than
80.41% of 1261 companies
in the Construction industry
Industry Median: 7.1 vs AMRC: 2.10

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

Ameresco Interest Coverage Historical Data

The historical data trend for Ameresco'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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Ameresco Interest Coverage Chart

Ameresco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

3.21

4.05

5.72

4.37

2.10

Ameresco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.38	1.08	2.02	2.04	2.81

Competitive Comparison of Ameresco's Interest Coverage

For the Engineering & Construction subindustry, Ameresco'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.

Ameresco's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ameresco's Interest Coverage distribution charts can be found below:

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

Ameresco 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.

Ameresco'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, Ameresco's Interest Expense was $-40 Mil. Its Operating Income was $85 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,212 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	84.867	/	-40.37
	=	2.10

Ameresco's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Ameresco's Interest Expense was $-13 Mil. Its Operating Income was $38 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,212 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	37.558	/	-13.349
	=	2.81

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

Ameresco (NYSE:AMRC) 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 .

Ameresco Interest Coverage Related Terms

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

Ameresco (Ameresco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ameresco Inc (NYSE:AMRC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

4AM:Germany

Address

111 Speen Street, Suite 410, Framingham, MA, USA, 01701

Website

https://www.ameresco.com

Ameresco Inc provides energy efficiency solutions for facilities in North America and Europe. It focuses on projects that reduce energy, also focuses on the operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco distributes solar energy products and systems, such as PV panels, solar regulators, solar charge controllers, inverters, solar-powered lighting systems, solar-powered water pumps, solar panel mounting hardware, and other system components. The company's segment includes U.S. Regions; U.S. Federal; Canada; Alternative Fuels; Non-Solar DG and All Other. It derives a majority of revenue from the U.S. Regions segment.

Executives

George P Sakellaris	director, 10 percent owner, officer: President and CEO	111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Nicole E Bulgarino	officer: Senior Vice President	C/O AMERESCO, INC., 111 SPEEN ST, SUITE 410, FRAMINGHAM MA 01701
Spencer Doran Hole	officer: SVP and CFO	C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Peter Christakis	officer: Executive Vice President	C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Britta Macintosh	officer: Senior Vice President	111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
Louis P Maltezos	officer: Executive Vice President	411 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
David J Corrsin	director, officer: EVP and General Counsel	411 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Mark Chiplock	officer: Vice President & CFO	C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Michael T Bakas	officer: Senior Vice President	111 SPEEN STREET, SUIT 410, FRAMINGHAM MA 01701
Wisneski Francis V Jr	director	111 SPEEN STREET, FRAMINGHAM MA 01701
Charles R. Patton	director	1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Claire D'oyly-hughes Johnson	director	C/O AMERESCO, INC., 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
Douglas I Foy	director	411 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Robert Georgeoff	officer: Senior Vice President	111 SPEEN STREET, STE. 401, 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
Thomas S Murley	director	C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701