Energy SpA (MIL:ENY) Interest Coverage : 1.77 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Energy SpA 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. Energy SpA's Operating Income for the six months ended in Dec. 2023 was €1.42 Mil. Energy SpA's Interest Expense for the six months ended in Dec. 2023 was €-0.80 Mil. Energy SpA's interest coverage for the quarter that ended in Dec. 2023 was 1.77. The higher the ratio, the stronger the company's financial strength is.

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

MIL:ENY' s Interest Coverage Range Over the Past 10 Years
Min: 7.04 Med: 16.32 Max: 70.51
Current: 7.04

MIL:ENY's Interest Coverage is ranked worse than
64.44% of 2295 companies
in the Industrial Products industry
Industry Median: 13.7 vs MIL:ENY: 7.04

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

Energy SpA Interest Coverage Historical Data

The historical data trend for Energy SpA'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.

Energy SpA Interest Coverage Chart

Energy SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

9.49

16.32

70.51

68.10

7.04

Energy SpA Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial			N/A	142.37	47.28	14.30	1.77

Competitive Comparison of Energy SpA's Interest Coverage

For the Electrical Equipment & Parts subindustry, Energy SpA'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.

Energy SpA's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Energy SpA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Energy SpA's Interest Coverage falls into.

Energy SpA 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.

Energy SpA'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, Energy SpA's Interest Expense was €-1.38 Mil. Its Operating Income was €9.73 Mil. And its Long-Term Debt & Capital Lease Obligation was €9.59 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	9.73	/	-1.382
	=	7.04

Energy SpA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Energy SpA's Interest Expense was €-0.80 Mil. Its Operating Income was €1.42 Mil. And its Long-Term Debt & Capital Lease Obligation was €9.59 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1.421	/	-0.801
	=	1.77

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

Energy SpA (MIL:ENY) 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 .

Energy SpA Interest Coverage Related Terms

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

Energy SpA (MIL:ENY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Energy SpA (MIL:ENY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

S2I:Germany

Address

Piazza Manifattura, 1, Trentino, Rovereto, ITA, 38068

Website

https://www.energysynt.com

Energy SpA offers storage systems for energy from renewable sources. The systems developed and marketed are integrated with proprietary software that allows customers to manage intelligently, in a cloud platform, the monitoring and the process of storage, energy use, consumption, and energy traffic. The company offers two product categories Small & Large ESS category, consisting of energy storage systems of less than 50 kw; and Extra Large ESS category, consisting of energy storage systems of more than 50 kw.

Energy SpA (MIL:ENY) Headlines

No Headlines