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Renovare Environmental (Renovare Environmental) Interest Coverage : 0 (At Loss) (As of Mar. 2022)


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What is Renovare Environmental 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. Renovare Environmental's Operating Income for the three months ended in Mar. 2022 was $-2.27 Mil. Renovare Environmental's Interest Expense for the three months ended in Mar. 2022 was $-1.08 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 Renovare Environmental's Interest Coverage or its related term are showing as below:


RENO's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 13.69
* 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.


Renovare Environmental Interest Coverage Historical Data

The historical data trend for Renovare Environmental'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.

Renovare Environmental Interest Coverage Chart

Renovare Environmental Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
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Renovare Environmental Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 - - - - -

Competitive Comparison of Renovare Environmental's Interest Coverage

For the Pollution & Treatment Controls subindustry, Renovare Environmental'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.


Renovare Environmental's Interest Coverage Distribution in the Industrial Products Industry

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

* The bar in red indicates where Renovare Environmental's Interest Coverage falls into.



Renovare Environmental 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.

Renovare Environmental's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Renovare Environmental's Interest Expense was $-6.19 Mil. Its Operating Income was $-6.81 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.11 Mil.

Renovare Environmental did not have earnings to cover the interest expense.

Renovare Environmental's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Here, for the three months ended in Mar. 2022, Renovare Environmental's Interest Expense was $-1.08 Mil. Its Operating Income was $-2.27 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.10 Mil.

Renovare Environmental 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.


Renovare Environmental  (OTCPK:RENO) 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 .


Renovare Environmental Interest Coverage Related Terms

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


Renovare Environmental (Renovare Environmental) Business Description

Traded in Other Exchanges
N/A
Address
80 Red Schoolhouse Road, Suite 101, Chestnut Ridge, NY, USA, 10977
Renovare Environmental Inc, formerly BioHiTech Global Inc is a technology services company focused on providing cost-effective solutions that improve environmental outcomes. Its technologies for waste management include the patented processing of municipal solid waste into a valuable renewable fuel, biological disposal of food waste on-site, and proprietary real-time data analytics tools to reduce food waste generation. When used individually or in combination, the solution lowers the carbon footprint associated with waste transportation and can reduce or virtually eliminate landfill usage.
Executives
Harriet Hentges director 3222 SCOTT PLACE NW, WASHINGTON DC 20007
Frank E. Celli director 27 BRADLEY LANE, MONTVALE NJ 07645
Frank E. Celli Family Trust 10 percent owner 80 RED SCHOOLHOUSE ROAD, SUITE 101, CHESTNUT RIDGE NY 10977
Anthony Fuller director 80 RED SCHOOLHOUSE ROAD, ATTN: BIOHITECH GLOBAL, INC., CHESTNUT RIDGE NY 10977
Walter Iii Littlejohn director 80 RED SCHOOLHOUSE ROAD, ATTN: BIOHITECH GLOBAL, INC,., CHESTNUT RIDGE NY 10977
Nicholaus Rohleder director 80 RED SCHOOLHOUSE ROAD, ATTN: BIOHITECH GLOBAL, INC., CHESTNUT RIDGE NY 10977
Brian C. Essman officer: CHIEF FINANCIAL OFFICER 59 ST JOHNS RD., WILTON CT 06897
James D. Chambers director 317 EATON LANDING DRIVE, ANNAPOLIS MD 21401
Robert A. Joyce officer: Chief Operating Officer 1818 SIGNAL HILL DRIVE, MECHANICSBURG PA 17050
Van Oort Douglas M director 12701 COMMONWEALTH DRIVE, SUITE 9, FORT MYERS FL 33913
Bob G Gower 10 percent owner 402 TIMBERWILDE LANE, HOUSTON TX 77024
Penn Venture Partners , L.p. other: 5% Shareholder 132 STATE STREET, HARRISBURG PA 17101
Conundrum Capital Partners, Llc 10 percent owner 317 EATON LANDING DRIVE, ANNAPOLIS MD 21401
Robert A. Graham director 112 CETON COURT, BROOMALL PA 19008
John P. Glauda 10 percent owner 8409 CAESARS HEAD DRIVE, WAXHAW NC 28173

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