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CarbonMeta Technologies (CarbonMeta Technologies) Interest Coverage : 0 (At Loss) (As of Sep. 2023)


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What is CarbonMeta Technologies 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. CarbonMeta Technologies's Operating Income for the three months ended in Sep. 2023 was $-0.15 Mil. CarbonMeta Technologies's Interest Expense for the three months ended in Sep. 2023 was $-0.30 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 CarbonMeta Technologies's Interest Coverage or its related term are showing as below:


COWI's Interest Coverage is not ranked *
in the Chemicals industry.
Industry Median: 9.55
* 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.


CarbonMeta Technologies Interest Coverage Historical Data

The historical data trend for CarbonMeta 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.

* Premium members only.

CarbonMeta Technologies Interest Coverage Chart

CarbonMeta Technologies Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.01 - -

CarbonMeta Technologies Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of CarbonMeta Technologies's Interest Coverage

For the Specialty Chemicals subindustry, CarbonMeta 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.


CarbonMeta Technologies's Interest Coverage Distribution in the Chemicals Industry

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

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



CarbonMeta Technologies 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.

CarbonMeta 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, CarbonMeta Technologies's Interest Expense was $-1.11 Mil. Its Operating Income was $-0.73 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

CarbonMeta Technologies did not have earnings to cover the interest expense.

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

Here, for the three months ended in Sep. 2023, CarbonMeta Technologies's Interest Expense was $-0.30 Mil. Its Operating Income was $-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

CarbonMeta Technologies did not have earnings to cover the interest expense.

* 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.


CarbonMeta Technologies  (OTCPK:COWI) 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 .


CarbonMeta Technologies Interest Coverage Related Terms

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


CarbonMeta Technologies (CarbonMeta Technologies) Business Description

Traded in Other Exchanges
N/A
Address
13110 NE 177th Place, Woodinville, WA, USA, 98072
CarbonMeta Technologies Inc is environmental research and development company that is commercializing technologies for processing organic wastes into hydrogen and high-value carbon products economically and sustainably.
Executives
Strategic Tactical Asset Trading Llc other: Consultant 1926 HOLLYWOOD BLVD, SUITE 210, HOLLYWOOD FL 33020
Shanna Louise Gerrard officer: Corporate Secretary 131 WILDWOOD DR., PRESCOTT AZ 86305
Jon Kd Mandrell director, officer: Secretary 12208 NE 162ND STREET, BOTHELL WA 98011
Linda Robison officer: Corporate Secretary 2659 W. GULF DRIVE, UNIT B-102, SANIBEL FL 33957
Charles H House director 2464 IRON MOUNTAIN DRIVE, PARK CITY UT 84060
Lloyd Spencer director, officer: CEO, Treasurer 18529 NE 184TH STREET, WOODINVILLE WA 98072
John Kroon director 2960 COVE TRACE, CHARLOTTESVILLE VA 22911
Eugene Gartlan officer: Chief Financial Officer 17105 SAN CARLOS BLVD., A6-151, FT. MYERS BEACH FL 33931
Jerry E Horne 10 percent owner 14970 CALEB DRIVE, FT. MYERS FL 33908
Walter Weisel 10 percent owner, officer: CEO 17105 SAN CARLOS BLVD, FORT MYERS BEACH FL 33931
Sheri Aws officer: Vice President 17105 SAN CARLOS BLVD, FORT MYERS BEACH FL 33931
Leroy Johnson officer: CFO 104 SOUTH ADELAIDE, FENTON MI 11430
Craig W Conklin director, 10 percent owner, officer: Chief Operating Officer and VP 6241 TIDEWATER ISLAND CIRCLE, FORT MYERS FL 33908
Gary F Mcnear director, 10 percent owner, officer: Chief Financial Officer and VP 11451 WELLFLEET DRIVE, FORT MYERS FL 33908
Martin Nielson director, 10 percent owner, officer: Chief Executive Officer 101 FIRST STREET, PMB 493, LOS ALTOS CA 94022