GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Netfin Acquisition Corp (NAS:NFINU) » Definitions » Interest Coverage

Netfin Acquisition (Netfin Acquisition) Interest Coverage : 0 (At Loss) (As of . 20)


View and export this data going back to 2019. Start your Free Trial

What is Netfin Acquisition 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. Netfin Acquisition's Operating Income for the six months ended in . 20 was $0.00 Mil. Netfin Acquisition's Interest Expense for the six months ended in . 20 was $0.00 Mil. did not have earnings to cover the interest expense. 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 Netfin Acquisition's Interest Coverage or its related term are showing as below:

NFINU' s Interest Coverage Range Over the Past 10 Years
Min: 0   Med: 0   Max: No Debt
Current: No Debt


NFINU's Interest Coverage is not ranked
in the Diversified Financial Services industry.
Industry Median: No Debt vs NFINU: No Debt

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Netfin Acquisition Interest Coverage Historical Data

The historical data trend for Netfin Acquisition'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.

Netfin Acquisition Interest Coverage Chart

Netfin Acquisition Annual Data
Trend Dec19
Interest Coverage
No Debt

Netfin Acquisition Semi-Annual Data
Dec19
Interest Coverage No Debt

Competitive Comparison of Netfin Acquisition's Interest Coverage

For the Shell Companies subindustry, Netfin Acquisition'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.


Netfin Acquisition's Interest Coverage Distribution in the Diversified Financial Services Industry

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

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



Netfin Acquisition 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.

Netfin Acquisition's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Netfin Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Netfin Acquisition had no debt (1).

Netfin Acquisition's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Netfin Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Netfin Acquisition 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.


Netfin Acquisition  (NAS:NFINU) 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 .


Netfin Acquisition Interest Coverage Related Terms

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


Netfin Acquisition (Netfin Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
445 Park Avenue, 9th Floor, New York, NY, USA, 10022
Website
Netfin Acquisition Corp is a blank check company.
Executives
Marat Rosenberg director, 10 percent owner, officer: President 17 FM 1830, ARGYLE TX 76226
Richard M Maurer director, 10 percent owner, officer: Chief Executive Officer THREE GATEWAY CENTER PITTSBURGH PA 15222
Mvr Netfin Llc 10 percent owner 1717 MCKINNEY AVENUE SUITE 700 DALLAS TX 75202
Vadim Komissarov director 77 WATER STREET, 8TH FLOOR, NEW YORK NY 10005
Gerard Pascale officer: CFO and Secretary 28 COTTONWOOD LANE HILTON HEAD SC 22926
Martin S Jaskel director, officer: Executive Chairman 2 BROWNLOW COURT LYTTLETON ROAD LONDON X0 N20EA

Netfin Acquisition (Netfin Acquisition) Headlines

From GuruFocus

Steven Cohen Ups Stake in Blank Check Company Netfin Acquisition

By Sydnee Gatewood Sydnee Gatewood 10-06-2020