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Earth Tech Environment PCL (BKK:ETC) Interest Coverage : 1.43 (As of Dec. 2023)


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What is Earth Tech Environment PCL 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. Earth Tech Environment PCL's Operating Income for the three months ended in Dec. 2023 was ฿48.5 Mil. Earth Tech Environment PCL's Interest Expense for the three months ended in Dec. 2023 was ฿-34.0 Mil. Earth Tech Environment PCL's interest coverage for the quarter that ended in Dec. 2023 was 1.43. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Earth Tech Environment PCL's Interest Coverage or its related term are showing as below:

BKK:ETC' s Interest Coverage Range Over the Past 10 Years
Min: 1.02   Med: 2.78   Max: 3.5
Current: 1.02


BKK:ETC's Interest Coverage is ranked worse than
83.69% of 325 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.24 vs BKK:ETC: 1.02

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


Earth Tech Environment PCL Interest Coverage Historical Data

The historical data trend for Earth Tech Environment PCL'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.

Earth Tech Environment PCL Interest Coverage Chart

Earth Tech Environment PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial 2.14 3.49 3.50 3.20 1.30

Earth Tech Environment PCL Quarterly Data
Dec18 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 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 - 0.80 0.39 1.30 1.43

Competitive Comparison of Earth Tech Environment PCL's Interest Coverage

For the Utilities - Renewable subindustry, Earth Tech Environment PCL'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.


Earth Tech Environment PCL's Interest Coverage Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Earth Tech Environment PCL's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Earth Tech Environment PCL's Interest Coverage falls into.



Earth Tech Environment PCL 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.

Earth Tech Environment PCL'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, Earth Tech Environment PCL's Interest Expense was ฿-117.2 Mil. Its Operating Income was ฿152.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿1,519.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*152.469/-117.161
=1.30

Earth Tech Environment PCL's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Earth Tech Environment PCL's Interest Expense was ฿-34.0 Mil. Its Operating Income was ฿48.5 Mil. And its Long-Term Debt & Capital Lease Obligation was ฿1,519.0 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*48.537/-33.991
=1.43

* 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.


Earth Tech Environment PCL  (BKK:ETC) 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 .


Earth Tech Environment PCL Interest Coverage Related Terms

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


Earth Tech Environment PCL (BKK:ETC) Business Description

Traded in Other Exchanges
N/A
Address
88, 88/1, Moo. 1, Ban That Subdistrict, Kaeng Khoi District, Saraburi, Bangkok, THA
Earth Tech Environment PCL is a service provider for the production and distribution of electricity. The company produces and distributes electricity from the first non-hazardous industrial materials in Thailand by using sewage or unused materials to process as fuel to produce electricity. It also provides an air quality control system, water management system, and community involvement. The company's segment includes Power business and Construction. It generates maximum revenue from the Power business segment.

Earth Tech Environment PCL (BKK:ETC) Headlines

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