Enel Chile (Enel Chile) Interest Coverage

: 3.13 (As of Dec. 2023)

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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. Enel Chile's Operating Income for the three months ended in Dec. 2023 was $373 Mil. Enel Chile's Interest Expense for the three months ended in Dec. 2023 was $-119 Mil. Enel Chile's interest coverage for the quarter that ended in Dec. 2023 was 3.13. The higher the ratio, the stronger the company's financial strength is.

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

ENIC' s Interest Coverage Range Over the Past 10 Years
Min: 3.18 Med: 9.45 Max: 18.16
Current: 3.18

ENIC's Interest Coverage is ranked worse than
56.11% of 442 companies
in the Utilities - Regulated industry
Industry Median: 3.715 vs ENIC: 3.18

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

Enel Chile Interest Coverage Historical Data

The historical data trend for Enel Chile'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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Enel Chile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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7.67

10.07

8.82

18.16

3.18

Enel Chile Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	6.80	-	4.49	3.13

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Enel Chile'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.

Enel Chile Interest Coverage Distribution

For the Utilities - Regulated industry and Utilities sector, Enel Chile's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Enel Chile's Interest Coverage falls into.

Enel Chile 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.

Enel Chile'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, Enel Chile's Interest Expense was $-283 Mil. Its Operating Income was $900 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	899.888	/	-283.027
	=	3.18

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

Here, for the three months ended in Dec. 2023, Enel Chile's Interest Expense was $-119 Mil. Its Operating Income was $373 Mil. And its Long-Term Debt & Capital Lease Obligation was $0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	372.678	/	-119.048
	=	3.13

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

Enel Chile (NYSE:ENIC) 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 .

Enel Chile Interest Coverage Related Terms

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Enel Chile (Enel Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Enel Chile SA (NYSE:ENIC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

355:Germany ENELCHILE:Chile

Address

Avenida Santa Rosa 76, Piso 15, Santiago, CHL, 833009

Website

https://www.enelchile.cl

Enel Chile SA is an electricity utility company, which through its subsidiaries and affiliates is engaged in the generation, transmission and distribution of electricity businesses in Chile. It operates through two segments including Generation Business and Distribution and Network Business. The Generation Business Segment is comprised of a group of electricity companies that own electricity generating plants, whose energy is transmitted and distributed to end customers. The Distribution and Network Reportable Segment is comprised of a group of electricity companies operating under a public utility concession.