Petro Welt Technologies AG (XTER:O2C) Interest Coverage

: 1.21 (As of Jun. 2022)

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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. Petro Welt Technologies AG's Operating Income for the three months ended in Jun. 2022 was €5.6 Mil. Petro Welt Technologies AG's Interest Expense for the three months ended in Jun. 2022 was €-4.6 Mil. Petro Welt Technologies AG's interest coverage for the quarter that ended in Jun. 2022 was 1.21. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Petro Welt Technologies AG's Interest Coverage or its related term are showing as below:

XTER:O2C' s Interest Coverage Range Over the Past 10 Years
Min: 1.92 Med: 7.25 Max: 34.37
Current: 2.09

XTER:O2C's Interest Coverage is ranked worse than
85.12% of 766 companies
in the Oil & Gas industry
Industry Median: 10.79 vs XTER:O2C: 2.09

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

Petro Welt Technologies AG Interest Coverage Historical Data

The historical data trend for Petro Welt Technologies AG'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.

* Premium members only.

Petro Welt Technologies AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Coverage

9.65

3.22

2.95

4.36

1.92

Petro Welt Technologies AG Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Interest Coverage																1.92	2.64	4.74	No Debt	1.21

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Petro Welt Technologies AG'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.

Annual Data Quarterly Data

Petro Welt Technologies AG Interest Coverage Distribution

For the Oil & Gas industry and Energy sector, Petro Welt Technologies AG's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Petro Welt Technologies AG's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.

Petro Welt Technologies AG 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.

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

Petro Welt Technologies AG's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Petro Welt Technologies AG's Interest Expense was €-3.5 Mil. Its Operating Income was €6.7 Mil. And its Long-Term Debt & Capital Lease Obligation was €126.9 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2021 )	/	Interest Expense (A: Dec. 2021 )
	=	-1	*	6.663	/	-3.47
	=	1.92

Petro Welt Technologies AG's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Petro Welt Technologies AG's Interest Expense was €-4.6 Mil. Its Operating Income was €5.6 Mil. And its Long-Term Debt & Capital Lease Obligation was €128.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2022 )	/	Interest Expense (Q: Jun. 2022 )
	=	-1	*	5.554	/	-4.579
	=	1.21

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

Petro Welt Technologies AG (XTER:O2C) 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 .

Petro Welt Technologies AG Interest Coverage Related Terms

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Petro Welt Technologies AG (XTER:O2C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Welt Technologies AG (XTER:O2C) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

O2C:Germany O2C:Germany O2C:Germany

Address

Karntner Ring 11-13, Vienna, AUT, 1010

Website

https://www.pewete.com

Petro Welt Technologies AG is a service provider of oilfield services in Russia and Kazakhstan. The operating segment of the company is Well Services and Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM) and Proppant Manufacturing. The Well Services and Stimulation segment comprises hydraulic fracturing, cementing, and coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, and IPM segment encompasses conventional drilling, sidetrack drilling, and integrated project management (IPM). Proppant Manufacturing offers goods for the oil and natural gas industry and manufactures different kinds of proppant in Kopeysk, Russia.

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