Zenova Group (LSE:ZED) Interest Coverage : N/A (As of May. 2023)

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What is Zenova Group 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. Zenova Group's Operating Income for the six months ended in May. 2023 was £-0.71 Mil. Zenova Group's Interest Expense for the six months ended in May. 2023 was £0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Zenova Group PLC has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Zenova Group's Interest Coverage or its related term are showing as below:

LSE:ZED's Interest Coverage is not ranked ^*
in the Chemicals industry.
Industry Median: 9.88
* 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.

Zenova Group Interest Coverage Historical Data

The historical data trend for Zenova Group'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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Zenova Group Interest Coverage Chart

Zenova Group Annual Data

Trend

Nov20

Nov21

Nov22

Interest Coverage

N/A

Zenova Group Semi-Annual Data
	May21	Nov21	May22	Nov22	May23
Interest Coverage	No Debt	N/A	N/A	N/A	N/A

Competitive Comparison of Zenova Group's Interest Coverage

For the Specialty Chemicals subindustry, Zenova Group'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.

Zenova Group's Interest Coverage Distribution in the Chemicals Industry

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

* The bar in red indicates where Zenova Group's Interest Coverage falls into.

Zenova Group 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.

Zenova Group's Interest Coverage for the fiscal year that ended in Nov. 2022 is calculated as

Here, for the fiscal year that ended in Nov. 2022, Zenova Group's Interest Expense was £-0.01 Mil. Its Operating Income was £-2.02 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.16 Mil.

Zenova Group did not have earnings to cover the interest expense.

Zenova Group's Interest Coverage for the quarter that ended in May. 2023 is calculated as

Here, for the six months ended in May. 2023, Zenova Group's Interest Expense was £0.00 Mil. Its Operating Income was £-0.71 Mil. And its Long-Term Debt & Capital Lease Obligation was £0.12 Mil.

GuruFocus does not calculate Zenova Group's interest coverage with the available data.

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

Zenova Group (LSE:ZED) 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 .

Zenova Group Interest Coverage Related Terms

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

Zenova Group (LSE:ZED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zenova Group PLC (LSE:ZED) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

172 Arlington Road, London, GBR, NW1 7HL

Website

https://www.zenovagroup.com

Zenova Group PLC is engaged in the development, manufacture and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

Zenova Group (LSE:ZED) Headlines

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