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Orbital Infrastructure Group (Orbital Infrastructure Group) Interest Coverage : 0 (At Loss) (As of Mar. 2023)


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What is Orbital Infrastructure 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. Orbital Infrastructure Group's Operating Income for the three months ended in Mar. 2023 was $-3.3 Mil. Orbital Infrastructure Group's Interest Expense for the three months ended in Mar. 2023 was $-11.2 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 Orbital Infrastructure Group's Interest Coverage or its related term are showing as below:


OIGBQ's Interest Coverage is not ranked *
in the Construction industry.
Industry Median: 7.06
* 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.


Orbital Infrastructure Group Interest Coverage Historical Data

The historical data trend for Orbital Infrastructure 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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Orbital Infrastructure Group Interest Coverage Chart

Orbital Infrastructure Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
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Orbital Infrastructure Group Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of Orbital Infrastructure Group's Interest Coverage

For the Engineering & Construction subindustry, Orbital Infrastructure 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.


Orbital Infrastructure Group's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Orbital Infrastructure Group's Interest Coverage distribution charts can be found below:

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



Orbital Infrastructure 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.

Orbital Infrastructure Group'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, Orbital Infrastructure Group's Interest Expense was $-37.8 Mil. Its Operating Income was $-73.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $120.6 Mil.

Orbital Infrastructure Group did not have earnings to cover the interest expense.

Orbital Infrastructure Group's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the three months ended in Mar. 2023, Orbital Infrastructure Group's Interest Expense was $-11.2 Mil. Its Operating Income was $-3.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $18.9 Mil.

Orbital Infrastructure Group 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.


Orbital Infrastructure Group  (OTCPK:OIGBQ) 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 .


Orbital Infrastructure Group Interest Coverage Related Terms

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


Orbital Infrastructure Group (Orbital Infrastructure Group) Business Description

Traded in Other Exchanges
N/A
Address
5444 Westheimer Road, Suite 1650, Houston, TX, USA, 77056
Orbital Infrastructure Group Inc is a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in three operating segments namely electric power, telecommunications, and renewables.
Executives
Steve Cochennet director 4500 GREENWICH PLACE, AMARILLO TX 79119
James F Oneil director C/O FIRSTENERGY CORP., 76 SOUTH MAIN STREET, AKRON OH 44308
Nicholas M Grindstaff officer: Chief Financial Officer QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175
La Doris Harris officer: CDO and CEO OSS ORBITAL ENERGY GROUP, INC., 1924 ALDINE WESTERN, HOUSTON TX 77038-1204
Jerry Sue Thornton director C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920
Laforrest V Williams director 1924 ALDINE WESTERN, HOUSTON TX 77038-1204
Paul T Addison director C/O FIRSTENERGY CORP., 76 S. MAIN ST., AKRON OH 44308
Daniel Ned Ford officer: Chief Financial Officer 20050 SW 112TH AVENUE, TUALATIN OR 97062
William J Clough director, officer: President/CEO 200 9TH AVENUE NORTH, SUITE 210, SAFETY HARBOR FL 34695
Sarah Tucker director 1707 1/2 POST OAK BLVD, HOUSTON TX 77056
Paul Dwayne White director 3271 SWEET DR, LAFAYETTE CA 94549
Matthew Murdock Mckenzie director, officer: Corporate Secretary 13120 SW BEDFORD ST, TIGARD OR 97224
Sean P Rooney director 20050 SW 112 AVENUE, TUALATIN OR 97062
Thomas A Price director 601 BRANNAN STREET, SAN FRANCISCO CA 94107
Joseph A Mills director EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968

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