Elspec Engineering

Elspec Engineering Interest Coverage

The Interest Coverage Ratio of Elspec Engineering (ELSPC.TA) as of Oct 19, 2026 is 4.45. In the previous year, Interest Coverage Ratio was 2.99 — a change of 48.97% (higher).

Interest Coverage

4.45

YoY

48.97%

Last updated:

Interest Coverage Ratio of Elspec Engineering is 2024 4.45 . Interest Coverage Ratio of Elspec Engineering was 2023 2.99 . It decreases by 48.97% higher compared to the previous year.

The Elspec Engineering Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2016
4.99 ILS
Jan 1, 2017
10.11 ILS
Jan 1, 2018
5.08 ILS
Jan 1, 2019
7.75 ILS
Jan 1, 2021
2.96 ILS
Jan 1, 2022
1.97 ILS
Jan 1, 2023
2.99 ILS
Jan 1, 2024
4.45 ILS
The Elspec Engineering Interest Coverage history
YEARInterest CoverageYoY
4.45+48.97%
2.99+51.82%
1.97-33.52%
2.96-61.83%
7.75+52.44%
5.08-49.74%
10.11+102.89%
4.99-81.08%
26.36+186.75%
9.19—

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Elspec Engineering Stock analysis

What does Elspec Engineering do? Elspec Engineering Ltd, listed on the Tel Aviv Stock Exchange under ticker ELSPC.TA, operates from Caesarea, Israel. The company specializes in electrical equipment within the industrials sector, focusing on power quality analyzers, power quality solutions, and power monitoring software. Founded in 2004, as indicated by its IPO date of May 13, 2004, Elspec provides technologies designed to optimize electrical power quality. Its systems utilize patented data compression technology called PQZip (Power Quality Zip), which allows for continuous, gap-less recording of all electrical parameters without relying on event thresholds. This enables comprehensive analysis of power quality data over extended periods. The company’s solutions include real-time power factor correction systems and energy-saving technologies, targeting industrial, commercial, and utility sectors globally. Elspec’s approach to power factor correction involves switching capacitor groups on and off using electronic switches, ensuring connections and disconnections occur precisely at zero-current crossing to eliminate transient effects. The firm’s website, www.elspec-ltd.com, serves as a primary source for further information about its products and services. Elspec Engineering Ltd. is engaged in implementing power quality analysis and correction technologies, aiming to enhance efficiency and reliability in electrical power systems. The company’s offerings are tailored to address the needs of diverse sectors requiring precise power management solutions. Elspec Engineering is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Elspec Engineering stock

Interest Coverage Ratio of Elspec Engineering is 4.45 in 2024.

Interest Coverage Ratio of Elspec Engineering changed from 2.99 to 4.45, representing a 48.97% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Elspec Engineering since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Elspec Engineering with sector peers and the industry average to assess whether it is attractive.

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Leverage — Elspec Engineering

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