Oriental Weavers Carpet Co (CAI:ORWE) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Oriental Weavers Carpet Co 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. Oriental Weavers Carpet Co's Operating Income for the three months ended in Dec. 2023 was E£0 Mil. Oriental Weavers Carpet Co's Interest Expense for the three months ended in Dec. 2023 was E£-129 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 Oriental Weavers Carpet Co's Interest Coverage or its related term are showing as below:

CAI:ORWE' s Interest Coverage Range Over the Past 10 Years
Min: 0.89 Med: 5.4 Max: 8.07
Current: 0.89

CAI:ORWE's Interest Coverage is ranked worse than
89.99% of 719 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.05 vs CAI:ORWE: 0.89

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

Oriental Weavers Carpet Co Interest Coverage Historical Data

The historical data trend for Oriental Weavers Carpet Co'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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Oriental Weavers Carpet Co Interest Coverage Chart

Oriental Weavers Carpet Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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4.78

8.07

6.72

1.97

3.83

Oriental Weavers Carpet Co 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															-	-	3.84	-	-

Competitive Comparison of Oriental Weavers Carpet Co's Interest Coverage

For the Textile Manufacturing subindustry, Oriental Weavers Carpet Co'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.

Oriental Weavers Carpet Co's Interest Coverage Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Oriental Weavers Carpet Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Oriental Weavers Carpet Co's Interest Coverage falls into.

Oriental Weavers Carpet Co 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.

Oriental Weavers Carpet Co'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, Oriental Weavers Carpet Co's Interest Expense was E£-459 Mil. Its Operating Income was E£1,760 Mil. And its Long-Term Debt & Capital Lease Obligation was E£645 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1759.679	/	-459.366
	=	3.83

Oriental Weavers Carpet Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Oriental Weavers Carpet Co's Interest Expense was E£-129 Mil. Its Operating Income was E£0 Mil. And its Long-Term Debt & Capital Lease Obligation was E£645 Mil.

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

Oriental Weavers Carpet Co (CAI:ORWE) 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 .

Oriental Weavers Carpet Co Interest Coverage Related Terms

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

Oriental Weavers Carpet Co (CAI:ORWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Oriental Weavers Carpet Co (CAI:ORWE) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

Cairo-Ismailia Road, 10th OF Ramadan City Industrial Area A1, Cairo, EGY

Website

https://www.orientalweavers.com

Oriental Weavers Carpet Co is principally engaged in the production and sale of machine-woven carpets and rugs for the residential, commercial, and hospitality industries. The company offers various lines of area rugs, as well as manufactures woven goblins, door, and kitchen rugs, rubber-backed bathroom mats, multilevel textured mats for outdoor applications, and tapestries. The firm also produces custom-made rugs and carpets, contracts to fulfill the carpeting needs of homes, hotels, and offices, and provides related carpet care services. The segments of the group are Woven, where the majority of revenue is derived, Tufted, and Non-woven. In addition to sales made within the country, the company also exports its products to Europe, Africa, America and Canada, Asia, and Arab countries.

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