GGPIW (Gores Guggenheim) Interest Coverage: No Debt ⁽¹⁾ (As of Mar. 2022) — 100% Below Median

Q: Is Gores Guggenheim's Interest Coverage too high?

Gores Guggenheim's current Interest Coverage of No Debt (1) is 100% below median its 10-year median of 10,000.00. Overall, Gores Guggenheim has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.

Q: How does Gores Guggenheim's Interest Coverage compare to CRHC and CPUH?

Gores Guggenheim's Interest Coverage of No Debt (1) can be compared against companies in the Diversified Financial Services industry. The industry median Interest Coverage is 10,000.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

Gores Guggenheim Inc GGPIW

What is Gores Guggenheim Interest Coverage?

Gores Guggenheim GGPIW 22 Interest Coverage is No Debt ⁽¹⁾ as of Mar. 2022, which is 100% below its 10-year median of 10,000.00. GuruFocus rates GGPIW with a GF Score™ of 22/100. The stock has 1 warning sign investors should review.

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. Gores Guggenheim's Operating Income for the six months ended in Mar. 2022 was $-1.66 Mil. Gores Guggenheim's Interest Expense for the six months ended in Mar. 2022 was $0.00 Mil. Gores Guggenheim 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 Gores Guggenheim's Interest Coverage or its related term are showing as below:

GGPIW'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.

Gores Guggenheim (NAS:GGPIW) 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 .

Gores Guggenheim Interest Coverage Related Terms

Gores Guggenheim Interest Coverage Historical Data

* Premium members only.

The historical data trend for Gores Guggenheim'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.

Gores Guggenheim Interest Coverage Chart

Gores Guggenheim Annual Data

Trend

Dec20

Dec21

Interest Coverage

No Debt

0.00

Gores Guggenheim Semi-Annual Data
	Jan21	Mar21	Jun21	Sep21	Dec21	Mar22
Interest Coverage	Get a 7-Day Free Trial			0.00	0.00	No Debt	No Debt	No Debt

GGPIW vs CRHC, CPUH, HERA: Interest Coverage Comparison

For the Shell Companies subindustry, Gores Guggenheim'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.

Gores Guggenheim Interest Coverage vs Diversified Financial Services Industry

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

* The bar in red indicates where Gores Guggenheim's Interest Coverage falls into.

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22GF Score

Gores Guggenheim Inc GGPIW

Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.

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Gores Guggenheim 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.

Gores Guggenheim's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Gores Guggenheim's Interest Expense was $-0.83 Mil. Its Operating Income was $-8.42 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Gores Guggenheim did not have earnings to cover the interest expense.

Gores Guggenheim's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Here, for the six months ended in Mar. 2022, Gores Guggenheim's Interest Expense was $0.00 Mil. Its Operating Income was $-1.66 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Gores Guggenheim had no debt ⁽¹⁾.

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 No Debt <sup>(1)</sup> mean?

Gores Guggenheim (GGPIW) has a Interest Coverage of No Debt ⁽¹⁾ as of Mar. 2022. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Gores Guggenheim and its competitors. This is 100% below median its historical median of 10,000.00.

Is Gores Guggenheim's Interest Coverage too high?

Gores Guggenheim's current Interest Coverage of No Debt ⁽¹⁾ is 100% below median its 10-year median of 10,000.00. Overall, Gores Guggenheim has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.

How does Gores Guggenheim's Interest Coverage compare to CRHC and CPUH?

Gores Guggenheim's Interest Coverage of No Debt ⁽¹⁾ can be compared against companies in the Diversified Financial Services industry. The industry median Interest Coverage is 10,000.00. 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 Diversified Financial Services company?

The median Interest Coverage among Diversified Financial Services companies is 10,000.00, based on 389 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 Gores Guggenheim and its competitors. For the Diversified Financial Services industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gores Guggenheim's current Interest Coverage is No Debt ⁽¹⁾, which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Gores Guggenheim stock overvalued right now?

Gores Guggenheim (GGPIW) has a current Interest Coverage of No Debt ⁽¹⁾. The current Interest Coverage is No Debt ⁽¹⁾, which is 100% below median its 10-year median of 10,000.00. Gores Guggenheim's overall GF Score™ is 22/100 with 1 warning sign to review. 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 Gores Guggenheim (GGPIW), the current Interest Coverage is No Debt ⁽¹⁾ as of Mar. 2022. 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.