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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. ClearSign Technologies's Operating Income for the three months ended in Sep. 2023 was $-1.46 Mil. ClearSign Technologies's Interest Expense for the three months ended in Sep. 2023 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.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. ClearSign Technologies Corp has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for ClearSign Technologies's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for ClearSign Technologies'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.
For the Pollution & Treatment Controls subindustry, ClearSign Technologies'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.
For the Industrial Products industry and Industrials sector, ClearSign Technologies's Interest Coverage distribution charts can be found below:
* The bar in red indicates where ClearSign Technologies'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:
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.
ClearSign Technologies's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as
Here, for the fiscal year that ended in Dec. 2022, ClearSign Technologies's Interest Expense was $0.00 Mil. Its Operating Income was $-5.89 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.23 Mil.
GuruFocus does not calculate ClearSign Technologies's interest coverage with the available data. |
ClearSign Technologies's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as
Here, for the three months ended in Sep. 2023, ClearSign Technologies's Interest Expense was $0.00 Mil. Its Operating Income was $-1.46 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.19 Mil.
GuruFocus does not calculate ClearSign Technologies's interest coverage with the available data. |
* 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.
The higher the ratio, the stronger the company's Financial Strength is.
ClearSign Technologies (NAS:CLIR) 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 .
Thank you for viewing the detailed overview of ClearSign Technologies's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Lacy Catharine De | director | 6 VILLAGE NORTH DR, #107, HILTON HEAD SC 29926 |
Gary J. Dielsi | director | 18 PIERREPONT DRIVE, RIDGEFIELD CT 06877 |
Hoffman Robert Thurston Sr | director, 10 percent owner | 119 WARREN AVENUE, SPRING LAKE NJ 07762 |
Bruce Alan Pate | director | 23235 WALLING RD., GEYSERVILLE CA 95441 |
Brent Hinds | officer: VP and Controller | 12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168 |
Judith S Schrecker | director | 12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168 |
Susanne Meline | director | P.O. BOX 515381, #86506, LOS ANGELES CA 90051 |
Deller Colin James | officer: Chief Executive Officer | C/O CLEARSIGN COMBUSTION CORP., 12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168 |
Donald W Kendrick | officer: Chief Technology Officer | 12870 INTERURBAN AVENUE SOUTH, SEATTLE WA 98168 |
Brian Grant Fike | officer: Chief Financial Officer | 12755 SE 73RD PLACE, NEWCASTLE WA 98056-1315 |
Stephen Michael Sock | officer: SVP, Business Development | 4025 RAVENSWAY CT, PEARLAND TX 77584 |
Lon E Bell | director | C/O AMERIGON INC, 5462 IRWINDALE AVENUE, IRWINDALE CA 91706 |
James M Simmons | director | |
Clirspv Llc | 10 percent owner | 119 WARREN AVE, 3RD FLOOR, SPRING LAKE NJ 07762-1217 |
Princeton Opportunity Management Llc | 10 percent owner | 119 WARREN AVE, 3RD FLOOR, SPRING LAKE NJ 07762 |
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