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Forum Merger II (Forum Merger II) Interest Coverage : N/A (As of Jun. 2020)


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What is Forum Merger II 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. Forum Merger II's Operating Income for the three months ended in Jun. 2020 was $-0.54 Mil. Forum Merger II's Interest Expense for the three months ended in Jun. 2020 was $0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. 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 Forum Merger II's Interest Coverage or its related term are showing as below:


FMCIU'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.


Forum Merger II Interest Coverage Historical Data

The historical data trend for Forum Merger II'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.

Forum Merger II Interest Coverage Chart

Forum Merger II Annual Data
Trend Dec18 Dec19
Interest Coverage
No Debt No Debt

Forum Merger II Quarterly Data
May18 Sep18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Interest Coverage Get a 7-Day Free Trial No Debt No Debt No Debt N/A N/A

Competitive Comparison of Forum Merger II's Interest Coverage

For the Shell Companies subindustry, Forum Merger II'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.


Forum Merger II's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Forum Merger II's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Forum Merger II's Interest Coverage falls into.



Forum Merger II 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.

Forum Merger II's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, Forum Merger II's Interest Expense was $0.00 Mil. Its Operating Income was $-1.11 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Forum Merger II had no debt (1).

Forum Merger II's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Here, for the three months ended in Jun. 2020, Forum Merger II's Interest Expense was $0.00 Mil. Its Operating Income was $-0.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.80 Mil.

GuruFocus does not calculate Forum Merger II's interest coverage with the available data.

* 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.


Forum Merger II  (NAS:FMCIU) 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 .


Forum Merger II Interest Coverage Related Terms

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


Forum Merger II (Forum Merger II) Business Description

Traded in Other Exchanges
N/A
Address
1615 South Congress Avenue, Suite 103, New York, NY, USA, 33445
Forum Merger II Corp is a blank check and a special purpose acquisition company.
Executives
Salvatore Galletti director, officer: Chief Executive Officer 27996 PALOS VERDES DR E, RANCHO PALOS VERDES CA 90275
Stephanie Dieckmann officer: Chief Operating Officer 1002 S AMBRIDGE ST, ANAHEIM CA 92806
Sarah Galletti officer: Director of R&D 27996 PALOS VERDES DR E, RANCHO PALOS VERDES CA 90275
Giuseppe Bardari officer: President, Ittella Italy VIA PRANGI LOTTO COLACE, PIZZO L6 89812
Edward S Gelfand director 6305 ALONDRA BLVD, PARAMOUNT CA 90723
Jennifer Sims Fellner director 3790 HAPPY VALLEY ROAD, LAFAYETTE CA 94549
Marie Quintero-johnson director 3130 FERNCLIFF COMMONS, NE ATLANTA GA 30324
Paula Ciaramitaro director 2408 RUE LA CHARLENE, RANCHO PALOS VERDES CA 90275
Daniel James Williamson director 1 RICKIE LANE, LADERA RANCH CA 92694
Ryan Matthew Olohan director 27 SYLVAN DRIVE, PINE BROOK NJ 07058
Bryan Stephen Rosenberg director 2443 MYRTLE AVENUE, HERMOSA BEACH CA 90254
Thomas Matthew Williams officer: Chief Growth Officer 527 21ST STREET, HUNTINGTON BEACH CA 92648
Charles Franks Cargile officer: Chief Financial Officer 29 HILLGRASS, IRVINE CA 92603
David Boris director, 10 percent owner, officer: Co-CEO, CFO and Secretary C/O TRIO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Forum Investors Ii Llc 10 percent owner 1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105

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