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

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What is Zeo Energy 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. Zeo Energy's Operating Income for the three months ended in Mar. 2024 was $-1.61 Mil. Zeo Energy's Interest Expense for the three months ended in Mar. 2024 was $-0.04 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 Zeo Energy's Interest Coverage or its related term are showing as below:

ZEO' s Interest Coverage Range Over the Past 10 Years
Min: 48.76 Med: 111.13 Max: 169.53
Current: 48.76

ZEO's Interest Coverage is ranked better than
64.68% of 620 companies
in the Semiconductors industry
Industry Median: 20.52 vs ZEO: 48.76

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

Zeo Energy Interest Coverage Historical Data

The historical data trend for Zeo Energy'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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Zeo Energy Interest Coverage Chart

Zeo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Interest Coverage

N/A

169.53

52.73

Zeo Energy Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial			84.62	100.81	N/A	1.61	-

Competitive Comparison of Zeo Energy's Interest Coverage

For the Solar subindustry, Zeo Energy'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.

Zeo Energy's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zeo Energy's Interest Coverage distribution charts can be found below:

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

Zeo Energy 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.

Zeo Energy'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, Zeo Energy's Interest Expense was $-0.12 Mil. Its Operating Income was $6.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.03 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	6.538	/	-0.124
	=	52.73

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

Here, for the three months ended in Mar. 2024, Zeo Energy's Interest Expense was $-0.04 Mil. Its Operating Income was $-1.61 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.81 Mil.

Zeo Energy did not have earnings to cover the interest expense.

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

Zeo Energy (NAS:ZEO) 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 .

Zeo Energy Interest Coverage Related Terms

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Zeo Energy (Zeo Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zeo Energy Corp (NAS:ZEO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

7625 little Road, Suite 200A, New Port Richley, FL, USA, 34654

Website

Zeo Energy Corp is a vertically integrated provider of residential solar energy systems, other energy efficient equipment and related services currently serving customers in Florida, Texas, Arkansas and Missouri.