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Icosavax (Icosavax) Interest Coverage : N/A (As of Sep. 2023)


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What is Icosavax 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. Icosavax's Operating Income for the three months ended in Sep. 2023 was $-25.28 Mil. Icosavax's Interest Expense for the three months ended in Sep. 2023 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Icosavax Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Icosavax's Interest Coverage or its related term are showing as below:


ICVX's Interest Coverage is not ranked *
in the Biotechnology industry.
Industry Median: 134.49
* 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.


Icosavax Interest Coverage Historical Data

The historical data trend for Icosavax'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.

Icosavax Interest Coverage Chart

Icosavax Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Interest Coverage
No Debt - - N/A

Icosavax Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Competitive Comparison of Icosavax's Interest Coverage

For the Biotechnology subindustry, Icosavax'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.


Icosavax's Interest Coverage Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Icosavax's Interest Coverage distribution charts can be found below:

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



Icosavax 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.

Icosavax's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Icosavax's Interest Expense was $0.00 Mil. Its Operating Income was $-95.06 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.66 Mil.

GuruFocus does not calculate Icosavax's interest coverage with the available data.

Icosavax's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Icosavax's Interest Expense was $0.00 Mil. Its Operating Income was $-25.28 Mil. And its Long-Term Debt & Capital Lease Obligation was $5.89 Mil.

GuruFocus does not calculate Icosavax'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.


Icosavax  (NAS:ICVX) 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 .


Icosavax Interest Coverage Related Terms

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


Icosavax (Icosavax) Business Description

Traded in Other Exchanges
N/A
Address
1930 Boren Avenue, Suite 1000, Seattle, WA, USA, 98101
Icosavax Inc is a biopharmaceutical company. It is committed towards developing safe and effective vaccines against infectious diseases against infectious diseases, with an initial focus on life-threatening respiratory diseases.
Executives
Adam K. Simpson director, officer: Chief Executive Officer C/O ICOSAVAX, INC., 1616 EASTLAKE AVENUE E., SUITE 208, SEATTLE WA 98102
Niranjan Kanesa-thasan officer: Chief Medical Officer 1616 EASTLAKE AVENUE E., SUITE 208, SEATTLE WA 98102
Cassia Cearley officer: Chief Business Officer 1616 EASTLAKE AVENUE E., SUITE 208, SEATTLE WA 98102
Thomas Joseph Russo officer: Chief Financial Officer C/O ASSEMBLY BIOSCIENCES, INC., 11711 N MERIDIAN ST, SUITE 310, CARMEL IN 46032
Douglas Holtzman officer: Chief Scientific Officer 1616 EASTLAKE AVENUE E., SUITE 208, SEATTLE WA 98102
Amin Khan officer: EVP, Head of Research & Dev. C/O GREENLIGHT BIOSCIENCES HOLDINGS, PBC, 200 BOSTON AVENUE, SUITE 3100, MEDFORD MA 02155
Ra Capital Nexus Fund, L.p. director, 10 percent owner 200 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116
Elizabeth Bekiroglu officer: See Remarks 1616 EASTLAKE AVENUE E, SUITE 208, SEATTLE WA 98102-3793
Charles E Richardson officer: See Remarks 1616 EASTLAKE AVENUE E., SUITE 208, SEATTLE WA 98102
Jim Wassil director C/O VAXCYTE, INC., 353 HATCH DRIVE, FOSTER CITY CA 94404
Ra Capital Healthcare Fund Lp director, 10 percent owner 200 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116
John W. Shiver director C/O ICOSAVAX, INC., 1616 EASTLAKE AVENUE E. SUITE 208, SEATTLE WA 98102
Anofi 10 percent owner 46 AVENUE DE LA GRANDE ARMEE, PARIS I0 75017
Nanodimension Iii, L.p. 10 percent owner GOVERNORS SQUARE UNIT 3-213, 23 LIME TREE BAY AVE, P.O. BOX 526, WEST BAY, GRAND CAYMAN E9 KY1-1302
Adams Street Partners Llc 10 percent owner ONE NORTH WACKER DRIVE, STE 2700, CHICAGO IL 60606-2807