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NFSCF (Enphys Acquisition) Interest Coverage : 0 (At Loss) (As of Jun. 2024)


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What is Enphys 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. Enphys Acquisition's Operating Income for the three months ended in Jun. 2024 was $-0.17 Mil. Enphys Acquisition's Interest Expense for the three months ended in Jun. 2024 was $-0.01 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 Enphys Acquisition's Interest Coverage or its related term are showing as below:


NFSCF'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.


Enphys Acquisition Interest Coverage Historical Data

The historical data trend for Enphys 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.

Enphys Acquisition Interest Coverage Chart

Enphys Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt -

Enphys Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 No Debt No Debt No Debt - -

Competitive Comparison of Enphys Acquisition's Interest Coverage

For the Shell Companies subindustry, Enphys 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.


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

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

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


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Enphys 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.

Enphys Acquisition's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Enphys Acquisition's Interest Expense was $-0.03 Mil. Its Operating Income was $-0.86 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Enphys Acquisition did not have earnings to cover the interest expense.

Enphys Acquisition's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Enphys Acquisition's Interest Expense was $-0.01 Mil. Its Operating Income was $-0.17 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Enphys Acquisition did not have earnings to cover the interest expense.

* 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.


Enphys Acquisition  (OTCPK:NFSCF) 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 .


Enphys Acquisition Interest Coverage Related Terms

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


Enphys Acquisition Business Description

Traded in Other Exchanges
N/A
Address
100 Wall Street, 20th Floor, New York, NY, USA, 10005
Enphys Acquisition Corp is a blank check company.
Executives
Carlos N. Guimaraes other: Director Nominee 555 MADISON AVENUE, SUITE 11A, NEW YORK NY 10022
Helio L. Magalhaes other: Director Nominee 10 E 53RD ST., NEW YORK NY 10022
Pablo Jorge De director, 10 percent owner, officer: Chief Executive Officer 56 BELL STREET, MARYLEBONE, LONDON X0 NW1 5DA
Bueno Jose Antonio Aguilar other: Director Nominee PASEO DE LOS TAMARINDOS 400 B SUITE 101, COL. BOSQUES DE LAS LOMAS, MEXICO CITY O5 CDMX 05120
Bujan Matias De officer: Chief Operating Officer AV. GELLY Y OBES 2207, 2DO PISO, BUENOS AIRES C1 1425
Federico Carrillo-zurcher other: Director Nominee PLAZA ARAGON 2, PLISO 9A, ZARAGOZA U3 50004
Par Arne Lindstrom director, officer: Chief Financal Officer 1149 3RD STREET, SUITE 300, SANTA MONICA CA 90403
Enphys Acquisition Sponsor Llc 10 percent owner 216 EAST 45TH STREET, 13TH FLOOR, NEW YORK NY 10017
Eva Redhe other: Director Nominee GUMSHORNSGATAN 7, STOCKHOLM V7 11460

Enphys Acquisition Headlines

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