BETR (Better Home & Finance Holding Co) Interest Coverage : N/A (As of Mar. 2025)

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What is Better Home & Finance Holding Co 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. Better Home & Finance Holding Co's Operating Income for the three months ended in Mar. 2025 was $-50.2 Mil. Better Home & Finance Holding Co's Interest Expense for the three months ended in Mar. 2025 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Better Home & Finance Holding Co's Interest Coverage or its related term are showing as below:

BETR's Interest Coverage is not ranked ^*
in the Banks industry.
Industry Median: 69.545
* 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.

Better Home & Finance Holding Co Interest Coverage Historical Data

The historical data trend for Better Home & Finance Holding Co'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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Better Home & Finance Holding Co Interest Coverage Chart

Better Home & Finance Holding Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Coverage

N/A

Better Home & Finance Holding Co Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Coverage	Get a 7-Day Free Trial								N/A	-	N/A	N/A	N/A

Competitive Comparison of Better Home & Finance Holding Co's Interest Coverage

For the Mortgage Finance subindustry, Better Home & Finance Holding Co'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.

Better Home & Finance Holding Co's Interest Coverage Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Better Home & Finance Holding Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Better Home & Finance Holding Co's Interest Coverage falls into.

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Better Home & Finance Holding Co 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.

Better Home & Finance Holding Co's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Better Home & Finance Holding Co's Interest Expense was $0.0 Mil. Its Operating Income was $-188.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $523.8 Mil.

GuruFocus does not calculate Better Home & Finance Holding Co's interest coverage with the available data.

Better Home & Finance Holding Co's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Better Home & Finance Holding Co's Interest Expense was $0.0 Mil. Its Operating Income was $-50.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $528.9 Mil.

GuruFocus does not calculate Better Home & Finance Holding Co's interest coverage with the available data.

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

Better Home & Finance Holding Co (NAS:BETR) 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 .

Better Home & Finance Holding Co Interest Coverage Related Terms

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Better Home & Finance Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Better Home & Finance Holding Co (NAS:BETR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

285 Fulton Street, Suite A, 80th Floor, 1 World Trade Center, New York, NY, USA, 10007

Website

https://www.better.com

Better Home & Finance Holding Co is a digital-first homeownership company whose services include mortgage, real estate, title, and homeowners insurance. The company has combined technology innovation and fresh thinking with a deep customer focus with the goal of revolutionizing the homeownership industry.

Executives

Prabhu Narasimhan	officer: CIO and Head of Legal	452 FIFTH AVENUE, NEW YORK NY 10018
Thor Bjorgolfsson	director, 10 percent owner, officer: Chairman	430 PARK AVENUE, 2ND FLOOR, NEW YORK NY 10022
J. Calamari Nicholas	officer: CAO and Senior Counsel	450 PARK AVE, STE. 2702, NEW YORK NY 10022
Riaz Valani	director, 10 percent owner	C/O OUSTER, INC., 350 TREAT AVENUE, SAN FRANCISCO CA 94110
Sb Management Ltd	10 percent owner	9TH FLOOR, AL SILA TOWER, ADGM SQUARE, AL MARYAH ISLAND, ABU DHABI C0 NA
Softbank Group Corp	10 percent owner	1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Kevin J Ryan	officer: Chief Financial Officer	C/O WESLEY JESSEN VISIONCARE INC, 333 EAST HOWARD AVE, DES PLAINES IL 60018-5903
Vishal Garg	director, 10 percent owner, officer: Chief Executive Officer	C/O MRU HOLDINGS, INC., 1114 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Activant Ventures Iii, Lp	director, 10 percent owner	323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 1, Lp	director, 10 percent owner	323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 2, Lp	director, 10 percent owner	323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 3, Lp	director, 10 percent owner	323 RAILROAD AVE., 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 4, Lp	director, 10 percent owner	323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 6, Lp	director, 10 percent owner	323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Paula Tuffin	officer: General Counsel and CCO	3 WORLD TRADE CENTER, 175 GREENWICH ST 57TH FLOOR, NEW YORK NY 10007