Cleanaway Co (TPE:8422) Interest Coverage : 12.93 (As of Mar. 2024)

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What is Cleanaway Co 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. Cleanaway Co's Operating Income for the three months ended in Mar. 2024 was NT$283 Mil. Cleanaway Co's Interest Expense for the three months ended in Mar. 2024 was NT$-22 Mil. Cleanaway Co's interest coverage for the quarter that ended in Mar. 2024 was 12.93. The higher the ratio, the stronger the company's financial strength is.

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

TPE:8422' s Interest Coverage Range Over the Past 10 Years
Min: 13.58 Med: 718.87 Max: No Debt
Current: 13.58

TPE:8422's Interest Coverage is ranked better than
71.76% of 170 companies
in the Waste Management industry
Industry Median: 4.875 vs TPE:8422: 13.58

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

Cleanaway Co Interest Coverage Historical Data

The historical data trend for Cleanaway Co'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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Cleanaway Co Interest Coverage Chart

Cleanaway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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143.83

232.62

223.14

49.80

15.72

Cleanaway Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															22.42	20.57	9.26	12.48	12.93

Competitive Comparison of Cleanaway Co's Interest Coverage

For the Waste Management subindustry, Cleanaway Co'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.

Cleanaway Co's Interest Coverage Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Cleanaway Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cleanaway Co's Interest Coverage falls into.

Cleanaway Co 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.

Cleanaway Co'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, Cleanaway Co's Interest Expense was NT$-80 Mil. Its Operating Income was NT$1,260 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$5,540 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1260.405	/	-80.153
	=	15.72

Cleanaway Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Cleanaway Co's Interest Expense was NT$-22 Mil. Its Operating Income was NT$283 Mil. And its Long-Term Debt & Capital Lease Obligation was NT$6,196 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	283.047	/	-21.893
	=	12.93

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

Cleanaway Co (TPE:8422) 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 .

Cleanaway Co Interest Coverage Related Terms

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

Cleanaway Co (TPE:8422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Co Ltd (TPE:8422) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 308, Zhongshan South Road, 1st Floor, Houhong Village, Gangshan District, Kaohsiung, TWN, 820

Website

https://www.cleanaway.tw

Cleanaway Co Ltd offers one-stop-shop services for treating forms of waste. It treats various industrial and hazardous waste materials and owns private landfills for final disposal in Taiwan. The company provides systems for daily activities and solutions for cleaning up contaminated sites. Cleaning an entire location can require on-site sampling and experimental studies to return the location to its natural form. Cleanway provides technologies, contracts, clearance, and transportation to the designated landfill, and it enforces strict compliance with all regulations. Part of the process focuses on quality control and random testing to prevent non-treated or unapproved wastes from entering the company's landfills.

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