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Ozop Energy Solutions (Ozop Energy Solutions) Interest Coverage : 0 (At Loss) (As of Mar. 2024)


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What is Ozop Energy Solutions 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. Ozop Energy Solutions's Operating Income for the three months ended in Mar. 2024 was $-0.83 Mil. Ozop Energy Solutions's Interest Expense for the three months ended in Mar. 2024 was $-1.06 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 Ozop Energy Solutions's Interest Coverage or its related term are showing as below:


OZSC's Interest Coverage is not ranked *
in the Industrial Products industry.
Industry Median: 13.68
* 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.


Ozop Energy Solutions Interest Coverage Historical Data

The historical data trend for Ozop Energy Solutions'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.

Ozop Energy Solutions Interest Coverage Chart

Ozop Energy Solutions Annual Data
Trend Apr16 Apr17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
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Ozop Energy Solutions Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Ozop Energy Solutions's Interest Coverage

For the Electrical Equipment & Parts subindustry, Ozop Energy Solutions'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.


Ozop Energy Solutions's Interest Coverage Distribution in the Industrial Products Industry

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

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



Ozop Energy Solutions 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.

Ozop Energy Solutions'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, Ozop Energy Solutions's Interest Expense was $-4.35 Mil. Its Operating Income was $-4.50 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.52 Mil.

Ozop Energy Solutions did not have earnings to cover the interest expense.

Ozop Energy Solutions's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Ozop Energy Solutions's Interest Expense was $-1.06 Mil. Its Operating Income was $-0.83 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.50 Mil.

Ozop Energy Solutions 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.


Ozop Energy Solutions  (OTCPK:OZSC) 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 .


Ozop Energy Solutions Interest Coverage Related Terms

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


Ozop Energy Solutions (Ozop Energy Solutions) Business Description

Traded in Other Exchanges
N/A
Address
55 Ronald Reagan Boulevard, Warwick, NY, USA, 10990
Ozop Energy Solutions Inc is engaged in the renewable, electric vehicle, energy storage, and energy resiliency sectors. The company invents, designs, develops, manufactures, and distributes ultra-high power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. The components it distributes include PV panels, solar inverters, solar mounting systems, stationary batteries, onsite generators, and other associated electrical equipment and components that are all manufactured by multiple companies, both domestic and international.
Executives
Thomas J Mcleer officer: Chief Operating Officer 20 BLUE HORIZON, LAGUNA NIGUEL CA 92677
Michael D Chermak director, 10 percent owner, officer: CEO
Barry S Hollander officer: CFO 319 CLEMATIS ST, SUITE 812, WEST PALM BEACH FL 33401
Salman J Chaudhry director, officer: COO
Eric Siu director, 10 percent owner 319 CLEMATIS STREET, SUITE 714, WEST PALM BEACH FL 33401
Rwo Medical Consulting Llc 10 percent owner 5227 W ADAMS AVE, #401, TEMPLE TX 76502