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XNGSY (ENN Energy Holdings) Interest Coverage : 10.26 (As of Jun. 2024)


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What is ENN Energy Holdings 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. ENN Energy Holdings's Operating Income for the six months ended in Jun. 2024 was $564 Mil. ENN Energy Holdings's Interest Expense for the six months ended in Jun. 2024 was $-55 Mil. ENN Energy Holdings's interest coverage for the quarter that ended in Jun. 2024 was 10.26. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for ENN Energy Holdings's Interest Coverage or its related term are showing as below:

XNGSY' s Interest Coverage Range Over the Past 10 Years
Min: 7.89   Med: 9.89   Max: 18.04
Current: 10.22


XNGSY's Interest Coverage is ranked better than
74.77% of 444 companies
in the Utilities - Regulated industry
Industry Median: 3.7 vs XNGSY: 10.22

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


ENN Energy Holdings Interest Coverage Historical Data

The historical data trend for ENN Energy Holdings'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.

ENN Energy Holdings Interest Coverage Chart

ENN Energy Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.89 15.15 18.04 16.27 11.86

ENN Energy Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.79 17.58 14.09 10.19 10.26

Competitive Comparison of ENN Energy Holdings's Interest Coverage

For the Utilities - Regulated Gas subindustry, ENN Energy Holdings'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.


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

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

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



ENN Energy Holdings 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.

ENN Energy Holdings'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, ENN Energy Holdings's Interest Expense was $-111 Mil. Its Operating Income was $1,316 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,931 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*1315.509/-110.921
=11.86

ENN Energy Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the six months ended in Jun. 2024, ENN Energy Holdings's Interest Expense was $-55 Mil. Its Operating Income was $564 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,049 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*564.048/-54.999
=10.26

* 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.


ENN Energy Holdings  (OTCPK:XNGSY) 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 .


ENN Energy Holdings Interest Coverage Related Terms

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


ENN Energy Holdings Business Description

Traded in Other Exchanges
Address
Xinyuan DongDao Road, Building A, ENN Industrial Park, Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065001
ENN Energy Holdings is primarily engaged in distributing and retailing natural gas. By year-end 2023, ENN owned 259 city gas projects in China, with annual gas sales volume of 33.6 billion cubic meters. Meanwhile, the aggregate number of connected piped gas residential households reached 29.8 million, with an average gas penetration rate of 65.2%. ENN Energy also has ventured into integrated energy business with 296 projects in operation.