Energy Developments (ASX:ENE) Interest Coverage : 3.47 (As of Jun. 2015)

Energy Developments Interest Coverage Chart

Energy Developments Annual Data
	Trend	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15
Interest Coverage		Get a 7-Day Free Trial					-	0.51	2.30	2.18	2.67

Energy Developments Semi-Annual Data
	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Interest Coverage	Get a 7-Day Free Trial															2.50	1.53	2.94	1.99	3.47

Competitive Comparison of Energy Developments's Interest Coverage

For the Utilities - Regulated Electric subindustry, Energy Developments'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.

Energy Developments's Interest Coverage Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Energy Developments's Interest Coverage falls into.

Energy Developments 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Energy Developments's Interest Coverage for the fiscal year that ended in Jun. 2015 is calculated as

Here, for the fiscal year that ended in Jun. 2015, Energy Developments's Interest Expense was A$-45.0 Mil. Its Operating Income was A$120.3 Mil. And its Long-Term Debt & Capital Lease Obligation was A$502.6 Mil.

Energy Developments's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

Here, for the six months ended in Jun. 2015, Energy Developments's Interest Expense was A$-20.9 Mil. Its Operating Income was A$72.3 Mil. And its Long-Term Debt & Capital Lease Obligation was A$502.6 Mil.

* 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.

Energy Developments  (ASX:ENE) 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 .

Energy Developments Interest Coverage Related Terms

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Energy Developments (ASX:ENE) Business Description