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MNTS (Momentus) Interest Coverage : No Debt (1) (As of Mar. 2025)


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What is Momentus 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. Momentus's Operating Income for the three months ended in Mar. 2025 was $-6.19 Mil. Momentus's Interest Expense for the three months ended in Mar. 2025 was $0.00 Mil. Momentus 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 Momentus's Interest Coverage or its related term are showing as below:


MNTS's Interest Coverage is not ranked *
in the Aerospace & Defense industry.
Industry Median: 8.06
* 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.


Momentus Interest Coverage Historical Data

The historical data trend for Momentus'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.

Momentus Interest Coverage Chart

Momentus Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Interest Coverage
- - - - -

Momentus Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 Premium Member Only Premium Member Only Premium Member Only - N/A - - No Debt

Competitive Comparison of Momentus's Interest Coverage

For the Aerospace & Defense subindustry, Momentus'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.


Momentus's Interest Coverage Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Momentus's Interest Coverage distribution charts can be found below:

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


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Momentus 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.

Momentus's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Momentus's Interest Expense was $-0.40 Mil. Its Operating Income was $-29.68 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.33 Mil.

Momentus did not have earnings to cover the interest expense.

Momentus's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Here, for the three months ended in Mar. 2025, Momentus's Interest Expense was $0.00 Mil. Its Operating Income was $-6.19 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Momentus 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.


Momentus  (NAS:MNTS) 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 .


Momentus Interest Coverage Related Terms

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


Momentus Business Description

Traded in Other Exchanges
N/A
Address
3901 North First Street, San Jose, CA, USA, 95134
Momentus Inc offers in-space infrastructure services by building transfer and service vehicles that carry satellites and hosted payloads between orbits in space. It is a provider of three critical functions, in the new space economy: Space Transportation, Satellite as a Service, and In-Orbit Servicing.
Executives
Brian Kabot director, 10 percent owner, officer: Chief Executive Officer 1345 ABBOT KINNEY BLVD., VENICE CA 90291
Prime Movers Lab Fund I Lp 10 percent owner P.O. BOX 12829, JACKSON WY 83002
Victorino Mercado director C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
Eric R Williams officer: Chief Financial Officer 3901 N. FIRST STREET, SAN JOSE CA 95134
Dennis R. Mahoney officer: Interim CFO 3901 N. FIRST STREET, SAN JOSE CA 95134
Prime Movers Growth Fund I Lp 10 percent owner 6765 CRYSTAL SPRINGS ROAD, TETON VILLAGE WY 83025
Momentus Pml Spv 3 Lp 10 percent owner 6765 CRYSTAL SPRINGS RD, TETON VILLAGE WY 83025
Dakin Sloss 10 percent owner 126 E 56TH ST, 30TH FLOOR, NEW YORK NY 10022
Momentus Pml Spv 2 Lp 10 percent owner 6765 CRYSTAL SPRINGS RD, TETON COUNTY WY 83025
Momentus Pml Spv 1 Lp 10 percent owner PO BOX 12829, JACKSON WY 83002
Robert E Schwarz officer: Chief Technology Officer C/O MOMENTUS INC., 3901 N. FIRST STREET, SAN JOSE CA 95134
Jikun Kim officer: Chief Financial Officer 181 W. HUNTINGTON DRIVE, SUITE 202, MONROVIA CA 91016
Kennedy Fred G Iii officer: President C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
Dawn A. Harms officer: Chief Revenue Officer C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
John C. Rood director, officer: Chief Executive Officer C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054