Latch (LTCH) Interest Coverage : 0 (At Loss) (As of Mar. 2022)

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What is Latch 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. Latch's Operating Income for the three months ended in Mar. 2022 was $-50.62 Mil. Latch's Interest Expense for the three months ended in Mar. 2022 was $-0.86 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

LTCH's Interest Coverage is not ranked ^*
in the Software industry.
Industry Median: 26.06
* 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.

Latch Interest Coverage Historical Data

The historical data trend for Latch'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.

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Latch Interest Coverage Chart

Latch Annual Data

Trend

Dec19

Dec20

Dec21

Interest Coverage

No Debt

Latch Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Interest Coverage	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Latch's Interest Coverage

For the Software - Application subindustry, Latch'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.

Latch's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Latch's Interest Coverage distribution charts can be found below:

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

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Latch 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.

Latch'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, Latch's Interest Expense was $-7.78 Mil. Its Operating Income was $-148.57 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Latch did not have earnings to cover the interest expense.

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

Here, for the three months ended in Mar. 2022, Latch's Interest Expense was $-0.86 Mil. Its Operating Income was $-50.62 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Latch did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Latch (OTCPK:LTCH) 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 .

Latch Interest Coverage Related Terms

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

Latch Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Latch Inc (OTCPK:LTCH) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1220 N. Price Road, Suite 2, Olivette, MO, USA, 63132

Website

https://www.latch.com

Latch Inc is a technology company predominantly serving the multifamily rental home market segment of the smart building industry by deploying hardware and software technology to digitize manual processes, including building and unit access and in-unit device control. It has designed and developed a cloud-based software-as-a-service (SaaS) platform, the Latch Platform to address the access requirements of modern multifamily buildings. The company offers various products such as Latch Cameras, Latch Locks, Latch interconnects, Smart sensors, and accessories which the user can connect with the Latch platform to manage building and unit access. Its customers include real estate developers, builders, building owners, and property managers in the United States and Canada.

Executives

Keyes John J Iv	officer: Interim CEO	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Marc E Landy	officer: Interim CFO	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Junji Nakamura	officer: Chief Accounting Officer	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Barry Schaeffer	officer: Interim CFO & Treasurer	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Josh Wolfe	10 percent owner	C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Garth Mitchell	officer: CFO & Treasurer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Raju Rishi	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Ali Hussain	officer: Chief Operating Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Michael Brian Jones	officer: Chief Technology Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
J. Allen Smith	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Andrew Sugrue	director	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Luke Schoenfelder	director, officer: Chief Executive Officer	508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Reynolds James Madison Iv	10 percent owner	C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G, NEW YORK NY 10001
Avenir Latch Investors, Llc	10 percent owner	C/O AVENIR MANAGEMENT COMPANY, LLC, 135 FIFTH AVENUE, 7TH FLOOR, NEW YORK NY 10010
Avenir Management Company, Llc	10 percent owner	817 BROADWAY, 12TH FLOOR, NEW YORK NY 10003