Ambipar Emergency Response (Ambipar Emergency Response) Interest Coverage : 2.94 (As of Sep. 2023)

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What is Ambipar Emergency Response 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. Ambipar Emergency Response's Operating Income for the three months ended in Sep. 2023 was $26.6 Mil. Ambipar Emergency Response's Interest Expense for the three months ended in Sep. 2023 was $-9.1 Mil. Ambipar Emergency Response's interest coverage for the quarter that ended in Sep. 2023 was 2.94. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Ambipar Emergency Response's Interest Coverage or its related term are showing as below:

AMBI' s Interest Coverage Range Over the Past 10 Years
Min: 2.97 Med: 15.53 Max: 19.64
Current: 2.97

AMBI's Interest Coverage is ranked worse than
70.93% of 172 companies
in the Waste Management industry
Industry Median: 4.875 vs AMBI: 2.97

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

Ambipar Emergency Response Interest Coverage Historical Data

The historical data trend for Ambipar Emergency Response'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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Ambipar Emergency Response Interest Coverage Chart

Ambipar Emergency Response Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Interest Coverage

N/A

15.53

19.64

3.57

Ambipar Emergency Response Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial			N/A	2.95	3.02	N/A	2.94

Competitive Comparison of Ambipar Emergency Response's Interest Coverage

For the Waste Management subindustry, Ambipar Emergency Response'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.

Ambipar Emergency Response's Interest Coverage Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Ambipar Emergency Response's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ambipar Emergency Response's Interest Coverage falls into.

Ambipar Emergency Response 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.

Ambipar Emergency Response'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, Ambipar Emergency Response's Interest Expense was $-17.8 Mil. Its Operating Income was $63.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $375.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	63.509	/	-17.773
	=	3.57

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

Here, for the three months ended in Sep. 2023, Ambipar Emergency Response's Interest Expense was $-9.1 Mil. Its Operating Income was $26.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $353.2 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	26.644	/	-9.071
	=	2.94

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

Ambipar Emergency Response (AMEX:AMBI) 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 .

Ambipar Emergency Response Interest Coverage Related Terms

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

Ambipar Emergency Response (Ambipar Emergency Response) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Ambipar Emergency Response (AMEX:AMBI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Angélica, N 2346, 5th Floor, Sao Paulo, SP, BRA, 01228-200

Website

http://www.ir.response.ambipar.com

Ambipar Emergency Response is a environmental, emergency response and industrial field service provider in Brazil with presence in 16 countries in Latin America, North America, Europe, Africa and Antarctica. The company provides customers with a full suite of environmental services organized around prevention, training and emergency response on all transportation modes. The portfolio includes a broad variety of services such as environmental remediation, industrial field services, industrial cleaning of chemical and non-chemical products and of hazardous and non-hazardous waste, consulting services focused on accident prevention and environmental licensing.

Ambipar Emergency Response (Ambipar Emergency Response) Headlines

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