Unique Fabricating (Unique Fabricating) Interest Coverage : 0 (At Loss) (As of Sep. 2022)

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What is Unique Fabricating 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. Unique Fabricating's Operating Income for the three months ended in Sep. 2022 was $-1.4 Mil. Unique Fabricating's Interest Expense for the three months ended in Sep. 2022 was $-0.8 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 Unique Fabricating's Interest Coverage or its related term are showing as below:

UFABQ's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 7.73
* 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.

Unique Fabricating Interest Coverage Historical Data

The historical data trend for Unique Fabricating'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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Unique Fabricating Interest Coverage Chart

Unique Fabricating Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Coverage

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3.75

2.53

1.11

Unique Fabricating Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Coverage	Get a 7-Day Free Trial															-	-	-	1.47	-

Competitive Comparison of Unique Fabricating's Interest Coverage

For the Auto Parts subindustry, Unique Fabricating'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.

Unique Fabricating's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Unique Fabricating's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Unique Fabricating's Interest Coverage falls into.

Unique Fabricating 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.

Unique Fabricating'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, Unique Fabricating's Interest Expense was $-3.0 Mil. Its Operating Income was $-5.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $8.6 Mil.

Unique Fabricating did not have earnings to cover the interest expense.

Unique Fabricating's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, Unique Fabricating's Interest Expense was $-0.8 Mil. Its Operating Income was $-1.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Unique Fabricating did not have earnings to cover the interest expense.

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

Unique Fabricating (OTCPK:UFABQ) 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 .

Unique Fabricating Interest Coverage Related Terms

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

Unique Fabricating (Unique Fabricating) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Unique Fabricating Inc (OTCPK:UFABQ) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 Standard Parkway, Auburn Hills, MI, USA, 48326

Website

https://www.uniquefab.com

Unique Fabricating Inc is engaged in the engineering and manufacture of multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness, acoustical management, water and air sealing, decorative and other functional applications. Its products are air management products, heating ventilating and air conditioning, seals, fender stuffers, air ducts, acoustical insulation, door water shields, gas tank pads, light gaskets, topper pads, mirror gaskets, glove box liners, personal protection equipment, and packaging. It derives net sales from the sales of foam, rubber plastic, and tape adhesive related automotive products produced by manufacturing processes including die cutting, compression molding, thermoforming, reaction injection molding and fusion molding.

Executives

Baum Richard L Jr	director	10 KINZEL LANE, WEST ORANGE NJ 07052
Susan C. Benedict	director	C/O STONERIDGE, INC., 39675 MACKENZIE DRIVE, SUITE 400, NOVI MI 48377
Peninsula Fund V Limited Partnership	10 percent owner	500 WOODWARD AVENUE, SUITE 2800, DETROIT MI 48226
William Cooke	director	800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Patrick W Cavanagh	director	800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Brian P Loftus	officer: Chief Financial Officer	C/O UNIQUE FABRICATING, 800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Cain Byrd Douglas Iii	officer: President and CEO	2622 TWIN HILLS COURT, UNION KY 41091
Donn J Viola	director	C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Paul Frascoia	director	800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Kim Korth	director	C/O IRN, INC., 2680 WALKER AVENUE, SUITE A, GRAND RAPIDS MI 49544
James Albert Illikman	director	500 WOODWARD AVENUE, SUITE 2800, DETROIT MI 48226
Thomas Tekiele	officer: Chief Financial Officer	800 STANDARD PARKWAY, AUBURN HILLS MI 48326
John Weinhardt	director, officer: President and CEO	800 STANDARD PARKWAY, AUBURN HILLS MI 48326