ELMSQ (Electric Last Mile Solutions) Interest Coverage: 0 (At Loss) (As of Sep. 2021)


What is Electric Last Mile Solutions Interest Coverage?

Electric Last Mile Solutions ELMSQ +47.20% Interest Coverage is 0 (At Loss) as of Sep. 2021.

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. Electric Last Mile Solutions's Operating Income for the three months ended in Sep. 2021 was $-22.34 Mil. Electric Last Mile Solutions's Interest Expense for the three months ended in Sep. 2021 was $-0.66 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Electric Last Mile Solutions's Interest Coverage or its related term are showing as below:


ELMSQ's Interest Coverage is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.295
* 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.

Electric Last Mile Solutions  (OTCPK:ELMSQ) 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 .

Electric Last Mile Solutions Interest Coverage Related Terms

Electric Last Mile Solutions Interest Coverage Historical Data

* Premium members only.

The historical data trend for Electric Last Mile Solutions'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.

Electric Last Mile Solutions Interest Coverage Chart

Electric Last Mile Solutions Annual Data
Trend
Interest Coverage

Electric Last Mile Solutions Quarterly Data
Jun21 Sep21
Interest Coverage 0.00 0.00

ELMSQ vs EVTV, AYRO, VLCN: Interest Coverage Comparison

For the Auto Manufacturers subindustry, Electric Last Mile Solutions'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.

Electric Last Mile Solutions Interest Coverage vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Electric Last Mile Solutions's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Electric Last Mile Solutions's Interest Coverage falls into.


Electric Last Mile Solutions 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.

Electric Last Mile Solutions's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Electric Last Mile Solutions's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Electric Last Mile Solutions had no debt (1).

Electric Last Mile Solutions's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Here, for the three months ended in Sep. 2021, Electric Last Mile Solutions's Interest Expense was $-0.66 Mil. Its Operating Income was $-22.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $29.80 Mil.

Electric Last Mile Solutions 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0 (At Loss) mean?
Electric Last Mile Solutions (ELMSQ) has a Interest Coverage of 0 (At Loss) as of Sep. 2021. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Electric Last Mile Solutions and its competitors.
Is Electric Last Mile Solutions' Interest Coverage too high?
Electric Last Mile Solutions' current Interest Coverage is 0 (At Loss).
How does Electric Last Mile Solutions' Interest Coverage compare to EVTV and AYRO?
Electric Last Mile Solutions' Interest Coverage of 0 (At Loss) can be compared against companies in the Vehicles & Parts industry. The industry median Interest Coverage is 8.30. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.30, based on 1,066 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Electric Last Mile Solutions and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electric Last Mile Solutions's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electric Last Mile Solutions stock overvalued right now?
Electric Last Mile Solutions (ELMSQ) has a current Interest Coverage of 0 (At Loss). The current Interest Coverage is 0 (At Loss). Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Electric Last Mile Solutions (ELMSQ), the current Interest Coverage is 0 (At Loss) as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Electric Last Mile Solutions Business Description

Address 1055 West Square Lake Road, Troy, MI, USA, 48098
Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.