Federal Grid Company Rosseti PJSC (MIC:FEES) Interest Coverage : 7.73 (As of Jun. 2023)

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What is Federal Grid Company Rosseti PJSC 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. Federal Grid Company Rosseti PJSC's Operating Income for the three months ended in Jun. 2023 was ₽61,527 Mil. Federal Grid Company Rosseti PJSC's Interest Expense for the three months ended in Jun. 2023 was ₽-7,960 Mil. Federal Grid Company Rosseti PJSC's interest coverage for the quarter that ended in Jun. 2023 was 7.73. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Federal Grid Company Rosseti PJSC's Interest Coverage or its related term are showing as below:

MIC:FEES's Interest Coverage is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 3.645
* 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.

Federal Grid Company Rosseti PJSC Interest Coverage Historical Data

The historical data trend for Federal Grid Company Rosseti PJSC'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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Federal Grid Company Rosseti PJSC Interest Coverage Chart

Federal Grid Company Rosseti PJSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Coverage

Get a 7-Day Free Trial

14.63

24.25

21.48

15.05

12.59

Federal Grid Company Rosseti PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun23
Interest Coverage	Get a 7-Day Free Trial															8.50	16.60	13.81	13.68	7.73

Competitive Comparison of Federal Grid Company Rosseti PJSC's Interest Coverage

For the Utilities - Regulated Electric subindustry, Federal Grid Company Rosseti PJSC'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.

Federal Grid Company Rosseti PJSC's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Federal Grid Company Rosseti PJSC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Federal Grid Company Rosseti PJSC's Interest Coverage falls into.

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Federal Grid Company Rosseti PJSC 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.

Federal Grid Company Rosseti PJSC's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Federal Grid Company Rosseti PJSC's Interest Expense was ₽-6,251 Mil. Its Operating Income was ₽78,698 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽219,850 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2020 )	/	Interest Expense (A: Dec. 2020 )
	=	-1	*	78698	/	-6251
	=	12.59

Federal Grid Company Rosseti PJSC's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Federal Grid Company Rosseti PJSC's Interest Expense was ₽-7,960 Mil. Its Operating Income was ₽61,527 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽460,849 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	61527	/	-7960
	=	7.73

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

Federal Grid Company Rosseti PJSC (MIC:FEES) 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 .

Federal Grid Company Rosseti PJSC Interest Coverage Related Terms

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

Federal Grid Company Rosseti PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Federal Grid Company Rosseti PJSC (MIC:FEES) » Definitions » Interest Coverage

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Traded in Other Exchanges

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Address

5A, Akademika Chelomeya Street, Moscow, RUS, 117630

Website

https://www.fsk-ees.ru

Federal Grid Company Rosseti PJSC is a Russian electric utility company of which the Russian Federation is the majority shareholder through its subsidiary, PJSC "Russian Grids." The company's principal activity is the transmission of electricity via the Russian Unified National Electric Grid. Federal Grid Company does this through its operation of numerous substations, transformers, and electricity transmission lines all throughout Russia. The vast majority of the company's revenue is derived from the provision of electricity transmission services to a variety of customers, such as industrial firms and other Russian utilities companies. This income stream is dependent upon changes in tariffs set by the Russian government and electricity demand.

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