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. Cardinal Ethanol LLC's
Operating Income
for the
three
months ended in Mar. 2024 was $-2.4 Mil. Cardinal Ethanol LLC's Interest Expense for the
three
months ended in Mar. 2024 was $-1.0 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 Cardinal Ethanol LLC's Interest Coverage or its related term are showing as below:
CRDE'
s Interest Coverage Range Over the Past 10 Years
Min: 9.79 Med: 120.87 Max: 19337.5
Current: 37.96
CRDE's Interest Coverage is not ranked
in the Chemicals industry.
Industry Median: 9.71
vs CRDE: 37.96
Cardinal Ethanol LLC Interest Coverage Historical Data
The historical data trend for Cardinal Ethanol LLC'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.
Competitive Comparison of Cardinal Ethanol LLC's Interest Coverage
For the Chemicals subindustry, Cardinal Ethanol LLC'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.
Cardinal Ethanol LLC's Interest Coverage Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Cardinal Ethanol LLC's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Cardinal Ethanol LLC's Interest Coverage falls into.
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:
Cardinal Ethanol LLC 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.
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 .
Cardinal Ethanol LLC Interest Coverage Related Terms
Thank you for viewing the detailed overview of Cardinal Ethanol LLC's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Cardinal Ethanol LLC (Cardinal Ethanol LLC) Business Description
Cardinal Ethanol LLC is a producer and seller of fuel-grade ethanol, distiller's grains, corn oil, and carbon dioxide throughout the continent of the United States. The company's prime selling products include ethanol, dried distillers grains, corn oil, and carbon dioxide. Its two operating segments are ethanol production through the Ethanol Division; and trading of agricultural grains through the Trading Division. The revenues from Ethanol Division come from primary sources: sales of fuel ethanol which is the key revenue driver. Revenues from the Trading Division are derived from procuring, transporting, and selling grain commodities. The majority of the revenue for the company is generated from its Ethanol Division.
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