Alto Ingredients (Alto Ingredients) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Alto Ingredients 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. Alto Ingredients's Operating Income for the three months ended in Dec. 2023 was $-11 Mil. Alto Ingredients's Interest Expense for the three months ended in Dec. 2023 was $-2 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

ALTO's Interest Coverage is not ranked ^*
in the Chemicals industry.
Industry Median: 9.81
* 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.

Alto Ingredients Interest Coverage Historical Data

The historical data trend for Alto Ingredients'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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Alto Ingredients Interest Coverage Chart

Alto Ingredients Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.16

10.76

Alto Ingredients 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															-	-	5.35	-	-

Competitive Comparison of Alto Ingredients's Interest Coverage

For the Specialty Chemicals subindustry, Alto Ingredients'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.

Alto Ingredients's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Alto Ingredients's Interest Coverage distribution charts can be found below:

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

Alto Ingredients 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.

Alto Ingredients'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, Alto Ingredients's Interest Expense was $-7 Mil. Its Operating Income was $-14 Mil. And its Long-Term Debt & Capital Lease Obligation was $101 Mil.

Alto Ingredients did not have earnings to cover the interest expense.

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

Here, for the three months ended in Dec. 2023, Alto Ingredients's Interest Expense was $-2 Mil. Its Operating Income was $-11 Mil. And its Long-Term Debt & Capital Lease Obligation was $101 Mil.

Alto Ingredients did not have earnings to cover the interest expense.

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

Alto Ingredients (NAS:ALTO) 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 .

Alto Ingredients Interest Coverage Related Terms

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

Alto Ingredients (Alto Ingredients) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alto Ingredients Inc (NAS:ALTO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

FPRP:Germany FPR:Germany

Address

1300 South Second Street, Pekin, IL, USA, 61554

Website

https://www.altoingredients.com

Alto Ingredients Inc is a producer of specialty alcohols and essential ingredients. The company serves five markets: Health, Home and Beauty, Food and Beverage, Essential Ingredients, and Renewable Fuels. Its customers include major food and beverage companies and consumer products manufacturers and distributors. The company operates under three segments: Marketing and distribution, Pekin Campus production, and Other production. The Marketing and distribution segment participates in marketing and merchant trading for alcohols and essential ingredients; Pekin Campus produces and sells products produced at the company's Pekin, Illinois, campus, and about half of the firm's revenue flows from this segment. Other production makes and sells from the company's other production facilities.

Executives

Robert R. Olander	officer: Chief Financial Officer	1300 SOUTH SECOND STREET, PEKIN IL 61554
Gilbert E Nathan	director	C/O EMERGENT CAPITAL, INC., 5355 TOWN CENTER ROAD, SUITE 701, BOCA RATON FL 33486
Auste M Graham	officer: Gen. Counsel, VP & Secy	C/O ALTO INGREDIENTS, INC., 1300 SOUTH SECOND STREET, PEKIN IL 61554
Maria G Gray	director	C/O ALTO INGREDIENTS, INC., 1300 SOUTH SECOND STREET, PEKIN IL 61554
Bryon T Mcgregor	officer: Interim CFO	400 CAPITAL MALL, #2060, SACRAMENTO CA 95814
Christopher W Wright	officer: VP, General Counsel, & Secy	C/O PACIFIC ETHANOL, INC., 5711 N. WEST AVENUE, FRESNO CA 93711
William L Jones	10 percent owner	5711 N. WEST AVENUE, FRESNO CA 93711
James R Sneed	officer: VP of Ethanol Supply & Trading	AVENTINE RENEWABLE ENERGY HOLDINGS, INC., 1300 SOUTH SECOND STREET, PEKIN IL 61555
Neil M Koehler	director, officer: CEO, President	PACIFIC ETHANOL, INC., 5711 N. WEST AVENUE, FRESNO CA 93711
Douglas L Kieta	director	17831 SHADOW VALLEY DRIVE, SPRING TX 77379
Winston Mar	officer: Chief Restructuring Officer	46 PENINSULA CENTER #188, ROLLING HILLS ESTATES CA 90274
Dianne S. Nury	director	C/O PACIFIC ETHANOL INC., 400 CAPITOL MALL, SUITE 2060, SACRAMENTO CA 95814
Michael D Kandris	director	400 CAPITAL MALL, #2060, SACRAMENTO CA 95814
Paul Koehler	officer: VP of Corporate Development	C/O TOWERSTREAM CORPORATION, 55 HAMMARLUND WAY, MIDDLETOWN RI 02842
Larry D Layne	director	C/O PACIFIC ETHANOL, INC., 400 CAPITOL MALL, #2060, SACRAMENTO CA 95814