VFS (VinFast Auto) Interest Coverage : 0 (At Loss) (As of Dec. 2024)

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What is VinFast Auto 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. VinFast Auto's Operating Income for the three months ended in Dec. 2024 was $-866 Mil. VinFast Auto's Interest Expense for the three months ended in Dec. 2024 was $-77 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 VinFast Auto's Interest Coverage or its related term are showing as below:

VFS's Interest Coverage is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 7.84
* 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.

VinFast Auto Interest Coverage Historical Data

The historical data trend for VinFast Auto'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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VinFast Auto Interest Coverage Chart

VinFast Auto Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

VinFast Auto Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of VinFast Auto's Interest Coverage

For the Auto Manufacturers subindustry, VinFast Auto'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.

VinFast Auto's Interest Coverage Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, VinFast Auto's Interest Coverage distribution charts can be found below:

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

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VinFast Auto 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.

VinFast Auto'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, VinFast Auto's Interest Expense was $-602 Mil. Its Operating Income was $-2,079 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,957 Mil.

VinFast Auto did not have earnings to cover the interest expense.

VinFast Auto's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, VinFast Auto's Interest Expense was $-77 Mil. Its Operating Income was $-866 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,957 Mil.

VinFast Auto did not have earnings to cover the interest expense.

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

VinFast Auto (NAS:VFS) 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 .

VinFast Auto Interest Coverage Related Terms

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

VinFast Auto Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » VinFast Auto Ltd (NAS:VFS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

0TL:Germany

Address

Dinh Vu – Cat Hai Economic Zone, Cat Hai Islands, Cat Hai Town, Cat Hai District, Hai Phong, VNM

Website

https://www.vinfastauto.us

VinFast Auto Ltd manufactures cars, and motor vehicles, renders leasing activities, trades smartphones, and related businesses. The company is engaged in designing and manufacturing premium EVs, e-scooters, and e-buses. The company's initial EV product line is an all-new range of fully electric A- through E-segment SUVs. The Company has three reportable segments, namely Automobiles, E-scooter, Spare parts & Aftermarket services. The Automobiles segment includes the design, development, manufacturing, and sales of cars and electric buses; The E-scooter segment includes the design, development, manufacturing, and sales of e-scooters; the Spare parts & Aftermarket services segment includes the sales of spare parts and rendering of aftermarket services for automobiles and e-scooters.