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FHLT (Future Health ESG) Interest Coverage : No Debt (1) (As of Dec. 2023)


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What is Future Health ESG 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. Future Health ESG's Operating Income for the three months ended in Dec. 2023 was $-0.22 Mil. Future Health ESG's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Future Health ESG has no debt. 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 Future Health ESG's Interest Coverage or its related term are showing as below:


FHLT's Interest Coverage is not ranked *
in the Diversified Financial Services industry.
Industry Median: No Debt
* 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.


Future Health ESG Interest Coverage Historical Data

The historical data trend for Future Health ESG'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.

* Premium members only.

Future Health ESG Interest Coverage Chart

Future Health ESG Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt No Debt

Future Health ESG Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Future Health ESG's Interest Coverage

For the Shell Companies subindustry, Future Health ESG'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.


Future Health ESG's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Future Health ESG's Interest Coverage distribution charts can be found below:

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


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Future Health ESG 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.

Future Health ESG'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, Future Health ESG's Interest Expense was $0.00 Mil. Its Operating Income was $-0.68 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Future Health ESG had no debt (1).

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

Here, for the three months ended in Dec. 2023, Future Health ESG's Interest Expense was $0.00 Mil. Its Operating Income was $-0.22 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Future Health ESG had no debt (1).

* 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.


Future Health ESG  (NAS:FHLT) 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 .


Future Health ESG Interest Coverage Related Terms

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


Future Health ESG Business Description

Traded in Other Exchanges
N/A
Address
8 The Green, Suite 12081, Dover, DE, USA, 19901
Future Health ESG Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Snyderman Nancy Lynn Md director 37 PHEASANT HILL ROAD, PRINCETON NJ 08540
Bradley Bostic director, 10 percent owner, officer: Chief Executive Officer 8556 OAKMONT LANE, INDIANAPOLIS IN 46260
Future Health Esg Associates 1, Llc 10 percent owner 6100 TECHNOLOGY CENTER DR., INDIANAPOLIS IN 46278
Francis John Mills director 8 THE GREEN, SUITE #12081, DOVER DE 19901
Travis A Morgan director, 10 percent owner, officer: CFO and Secretary 8 THE GREEN, SUITE #12081, DOVER DE 19901
Robert Mark Lubbers director 8 THE GREEN, SUITE #12081, DOVER DE 19901
Mb Equity, Llc 10 percent owner 6100 TECHNOLOGY CENTER DRIVE, INDIANAPOLIS IN 46278