NVVE (Nuvve Holding) Interest Coverage : 0 (At Loss) (As of Sep. 2024)

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What is Nuvve Holding 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. Nuvve Holding's Operating Income for the three months ended in Sep. 2024 was $-1.84 Mil. Nuvve Holding's Interest Expense for the three months ended in Sep. 2024 was $-0.24 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 Nuvve Holding's Interest Coverage or its related term are showing as below:

NVVE's Interest Coverage is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 8.25
* 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.

Nuvve Holding Interest Coverage Historical Data

The historical data trend for Nuvve Holding'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.

Nuvve Holding Interest Coverage Chart

Nuvve Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Coverage

N/A

Nuvve Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial														N/A	N/A	N/A	N/A	-

Competitive Comparison of Nuvve Holding's Interest Coverage

For the Specialty Retail subindustry, Nuvve Holding'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.

Nuvve Holding's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nuvve Holding's Interest Coverage distribution charts can be found below:

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

Nuvve Holding 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.

Nuvve Holding'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, Nuvve Holding's Interest Expense was $0.00 Mil. Its Operating Income was $-32.11 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.65 Mil.

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

Nuvve Holding's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Nuvve Holding's Interest Expense was $-0.24 Mil. Its Operating Income was $-1.84 Mil. And its Long-Term Debt & Capital Lease Obligation was $4.49 Mil.

Nuvve Holding did not have earnings to cover the interest expense.

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

Nuvve Holding (NAS:NVVE) 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 .

Nuvve Holding Interest Coverage Related Terms

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

Nuvve Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nuvve Holding Corp (NAS:NVVE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2488 Historic Decatur Road, Suite 200, San Diego, CA, USA, 92106

Website

https://www.nuvve.com

Nuvve Holding Corp is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. It helps to support the integration of renewable energy sources, including solar and wind. Its Grid Integrated Vehicle (GIV) platform is refueling the next generation of electric vehicle fleets through bidirectional charging solutions. It has a geographic presence in the United States, the United Kingdom, and Denmark, of which it generates the majority of its revenue in the United States.

Executives

Gregory Poilasne	director, officer: Chief Executive Officer	C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
David Robson	officer: Chief Financial Officer	FARMER BROS.CO., 1912 FARMER BROTHERS DR, NORTHLAKE TX 76262
Stonepeak Gp Investors Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Upper Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Manager Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Ted C. Smith	director, officer: President & COO	C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
Lande Rashida La	director	C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Stonepeak Rocket Holdings Ii Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Iv Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Associates Iv Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Evolve Transition Infrastructure Lp	10 percent owner	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Stonepeak Rocket Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Rocket Upper Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Manager Llc	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Michael B. Dorrell	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001