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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. AST SpaceMobile's Operating Income for the three months ended in Jun. 2024 was $-62.99 Mil. AST SpaceMobile's Interest Expense for the three months ended in Jun. 2024 was $-2.24 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 AST SpaceMobile's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for AST SpaceMobile'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.
AST SpaceMobile Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Interest Coverage | N/A | N/A | N/A | N/A |
AST SpaceMobile Quarterly Data | ||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Interest Coverage | Get a 7-Day Free Trial | N/A | N/A | N/A | - | - |
For the Communication Equipment subindustry, AST SpaceMobile'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.
For the Hardware industry and Technology sector, AST SpaceMobile's Interest Coverage distribution charts can be found below:
* The bar in red indicates where AST SpaceMobile'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:
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.
AST SpaceMobile'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, AST SpaceMobile's Interest Expense was $0.00 Mil. Its Operating Income was $-222.37 Mil. And its Long-Term Debt & Capital Lease Obligation was $71.15 Mil.
GuruFocus does not calculate AST SpaceMobile's interest coverage with the available data. |
AST SpaceMobile's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as
Here, for the three months ended in Jun. 2024, AST SpaceMobile's Interest Expense was $-2.24 Mil. Its Operating Income was $-62.99 Mil. And its Long-Term Debt & Capital Lease Obligation was $210.50 Mil.
AST SpaceMobile 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.
The higher the ratio, the stronger the company's Financial Strength is.
AST SpaceMobile (NAS:ASTS) 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 .
Thank you for viewing the detailed overview of AST SpaceMobile's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Adriana Cisneros | director | 700 NW 1ST AVENUE, SUITE 1700, MIAMI FL 33136 |
Sean R. Wallace | officer: Chief Financial Officer | C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037 |
Shanti B. Gupta | officer: Chief Accounting Officer | AST SCIENCE MIDLAND INTL AIR&SPACE PORT, 2901 ENTERPRISE LANE, MIDLAND TX 79706 |
Atc Trs Ii Llc | other: Member of 10% owner group | 116 HUNTINGTON AVENUE, BOSTON MA 02116 |
American Tower Corp /ma/ | other: Member of 10% owner group | 116 HUNTINGTON AVE, BOSTON MA 02116 |
Invesat Llc | 10 percent owner | 700 NW 1ST AVENUE, SUITE 1700, MIAMI FL 33136 |
Richard Sarnoff | director | C/O AUDIBLE INC, 65 WILLOWBROOK BLVD, WAYNE NJ 07470 |
Vodafone Ventures Ltd | 10 percent owner | VODAFONE HOUSE, THE CONNECTION, NEWBURY X0 RG14 2FN |
Brian Heller | officer: EVP, GC & Secretary | C/O AST SPACEMOBILE 2901 ENTERPRISE LANE, MIDLAND INTL. AIR & SPACE PORT, MIDLAND TX 79706 |
Tareq Amin | director | C/O AST SPACEMOBILE 2901 ENTERPRISE LANE, MIDLAND INTL. AIR & SPACE PORT, MIDLAND TX 79706 |
Luke Ibbetson | director | C/O AST SPACEMOBILE 2901 ENTERPRISE LANE, MIDLAND INTL. AIR & SPACE PORT, MIDLAND TX 79706 |
Ronald L Rubin | director | 601 CLEARWATER PARK RD, WEST PALM BEACH FL 33401 |
Gustavo A Cisneros | 10 percent owner | FINSER CORP, 550 BILTMORE WAY, CORAL GABLES FL 33134 |
Vodafone Group Public Ltd Co | 10 percent owner | VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE X0 RG14 2FN |
Hiroshi Mikitani | director | C/O LYFT, INC., 185 BERRY STREET, SUITE 5000, SAN FRANCISCO CA 94107 |
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