Cue Health (Cue Health) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Cue Health 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. Cue Health's Operating Income for the three months ended in Dec. 2023 was $-65.28 Mil. Cue Health's Interest Expense for the three months ended in Dec. 2023 was $-0.34 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 Cue Health's Interest Coverage or its related term are showing as below:

HLTH's Interest Coverage is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 9.08
* 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.

Cue Health Interest Coverage Historical Data

The historical data trend for Cue Health'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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Cue Health Interest Coverage Chart

Cue Health Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

19.39

Cue Health Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial											-	-	-	-	-

Competitive Comparison of Cue Health's Interest Coverage

For the Health Information Services subindustry, Cue Health'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.

Cue Health's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Cue Health's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cue Health's Interest Coverage falls into.

Cue Health 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.

Cue Health'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, Cue Health's Interest Expense was $-1.16 Mil. Its Operating Income was $-275.78 Mil. And its Long-Term Debt & Capital Lease Obligation was $41.64 Mil.

Cue Health did not have earnings to cover the interest expense.

Cue Health's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Cue Health's Interest Expense was $-0.34 Mil. Its Operating Income was $-65.28 Mil. And its Long-Term Debt & Capital Lease Obligation was $41.64 Mil.

Cue Health did not have earnings to cover the interest expense.

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

Cue Health (NAS:HLTH) 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 .

Cue Health Interest Coverage Related Terms

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

Cue Health (Cue Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Cue Health Inc (NAS:HLTH) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4980 Carroll Canyon Road, Suite 100, San Diego, CA, USA, 92121

Website

https://www.cuehealth.com

Cue Health Inc is a health technology company. It puts consumers in control of health information and places diagnostic information at the center of care. It enables people to manage health through real-time, actionable and connected health data. Further, it offers individuals, enterprises, government agencies and healthcare providers access to lab-quality diagnostic testing at home, at work, or at the point-of-care, all in a device that fits in the palm of hand.

Executives

T-twelve Holdings, Llc	10 percent owner	C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501
Tup Investments, L.p.	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tarsadia Investments, Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Cp (hlth), Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tfc Manager, Llc	10 percent owner	C/O SIERRA FIDUCIARY SUPPORT SERVICES, 100 WEST LIBERTY ST., SUITE 750, RENO NV 89501
Nvga I, Llc	10 percent owner	520 NEWPORT CENTER DR., 21ST FLOOR, NEWPORT BEACH CA 92660
Tccs I, Lp	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Tc Gp, Llc	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Tarsadia Capital, Llc	10 percent owner	10 EAST 53RD STREET, 23RD FLOOR, NEW YORK NY 10022
Aasim Javed	officer: Chief Financial Officer	C/O CUE HEALTH INC, 4980 CARROLL CANYON RD SUITE 100, SAN DIEGO CA 92121
Randall E. Pollard	officer: Chief Accounting Officer	6229 PINE TREE CT., LONG GROVE IL 60047
Clint Sever	officer: Chief Product Officer	C/O CUE HEALTH INC., 4980 CARROLL CANYON RD. SUITE 100, SAN DIEGO CA 92121
Sachin H. Jain	director	C/O CARDIOVASCULAR SYSTEMS, INC., 1225 OLD HIGHWAY 8 NW, ST. PAUL MN 55112
Joshua Ghaim	director	C/O CUE HEALTH INC., 4980 CARROLL CANYON ROAD SUITE 100, SAN DIEGO CA 92121
Kelly P. Day	10 percent owner	865 FIGUEROA STREET, SUITE 700, LOS ANGELES CA 90017