Enviva (Enviva) Interest Coverage

: 0 (At Loss) (As of Sep. 2023)

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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. Enviva's Operating Income for the three months ended in Sep. 2023 was $-12 Mil. Enviva's Interest Expense for the three months ended in Sep. 2023 was $-44 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 Enviva's Interest Coverage or its related term are showing as below:

EVA's Interest Coverage is not ranked ^*
in the Forest Products industry.
Industry Median: 6.115
* 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.

Enviva Interest Coverage Historical Data

The historical data trend for Enviva'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.

* Premium members only.

Enviva Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

1.15

Enviva Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage																0.15	-	-	-	-

Competitive Comparison

For the Lumber & Wood Production subindustry, Enviva'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.

Enviva Interest Coverage Distribution

For the Forest Products industry and Basic Materials sector, Enviva's Interest Coverage distribution charts can be found below:

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

Enviva 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.

Enviva'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, Enviva's Interest Expense was $-72 Mil. Its Operating Income was $-87 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,687 Mil.

Enviva did not have earnings to cover the interest expense.

Enviva's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Enviva's Interest Expense was $-44 Mil. Its Operating Income was $-12 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,914 Mil.

Enviva did not have earnings to cover the interest expense.

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

Enviva (NYSE:EVA) 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 .

Enviva Interest Coverage Related Terms

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

Enviva (Enviva) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Enviva Inc (NYSE:EVA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

XV6:Germany XV6:Germany

Address

7272 Wisconsin Avenue, Suite 1800, Bethesda, MD, USA, 20814

Website

https://www.envivabiomass.com

Enviva Inc develop, construct, acquire, and own and operate, fully contracted wood pellet production plants where the company aggregate a natural resource, wood fiber, and process it into dry, densified, uniform pellets that can be effectively stored and transported around the world. The company sells term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, who use pellets to displace coal and other fossil fuels to generate power and heat as part of their efforts to accelerate the energy transition away from conventional energy sources. The company derive a majority of revenues from customers in Europe.

Executives

Inclusive Capital Partners, L.p.	10 percent owner, other: See Remarks	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Glenn Nunziata	officer: EVP and CFO	7272 WISCONSIN AVE., STE 1800, BETHESDA MD 20814
Bumgarner John C Jr	director
Ralph Alexander	director	1000 LOUISIANA, SUITE 1450, HOUSTON TX 77002
Mark A Coscio	officer: EVP and CDO	757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079
Lansing Gerrit Livingston Jr.	director	C/O BTG PACTUAL, 601 LEXINGTON AVENUE, 57TH FLOOR, NEW YORK NY 10022
Gary L Whitlock	director
Jason E. Paral	officer: SVP, Gen. Counsel & Secretary	7272 WISCONSIN AVENUE, SUITE 1800, BETHESDA MD 20814
John-paul D. Taylor	officer: SVP and CCO	7272 WISCONSIN AVENUE, SUITE 1800, BETHESDA MD 20814
Yana Kravtsova	officer: EVP, Comms, Public & Env. Aff.	7550 WISCONSIN AVE., 9TH FLOOR, BETHESDA MD 20814
John K. Keppler	director, officer: Chairman and CEO	7200 WISCONSIN AVENUE, SUITE 1000, BETHESDA MD 20814
Jeffrey W Ubben	director, 10 percent owner, other: See Remarks	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Shai Even	officer: Exec VP and CFO	7616 LBJ FREEWAY, SUITE 300, DALLAS TX 75251
Edward Royal Smith	officer: Vice President Operations	7200 WISCONSIN AVE., SUITE 1000, BETHESDA MD 20814
Thomas Meth	officer: Exec V.P. of Sales & Marketing	7200 WISCONSIN AVENUE, SUITE 1000, BETHESDA MD 20814