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Fastned BV (XAMS:FAST) Interest Coverage : 0 (At Loss) (As of Jun. 2023)


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What is Fastned BV 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. Fastned BV's Operating Income for the six months ended in Jun. 2023 was €-7.41 Mil. Fastned BV's Interest Expense for the six months ended in Jun. 2023 was €-3.92 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 Fastned BV's Interest Coverage or its related term are showing as below:


XAMS:FAST's Interest Coverage is not ranked *
in the Retail - Cyclical industry.
Industry Median: 7.585
* 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.


Fastned BV Interest Coverage Historical Data

The historical data trend for Fastned BV'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.

Fastned BV Interest Coverage Chart

Fastned BV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
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Fastned BV Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Fastned BV's Interest Coverage

For the Specialty Retail subindustry, Fastned BV'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.


Fastned BV's Interest Coverage Distribution in the Retail - Cyclical Industry

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

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



Fastned BV 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.

Fastned BV's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Fastned BV's Interest Expense was €-7.27 Mil. Its Operating Income was €-14.37 Mil. And its Long-Term Debt & Capital Lease Obligation was €112.57 Mil.

Fastned BV did not have earnings to cover the interest expense.

Fastned BV's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the six months ended in Jun. 2023, Fastned BV's Interest Expense was €-3.92 Mil. Its Operating Income was €-7.41 Mil. And its Long-Term Debt & Capital Lease Obligation was €128.63 Mil.

Fastned BV 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.


Fastned BV  (XAMS:FAST) 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 .


Fastned BV Interest Coverage Related Terms

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


Fastned BV (XAMS:FAST) Business Description

Traded in Other Exchanges
Address
James Wattstraat 77R, Amsterdam, NH, NLD, 1097 DL
Fastned BV is engaged in providing fast charging services for electric vehicles. The company's technology is available for all types of electric vehicles such as Tesla Model 3/S/X, Nissan Leaf, BMW i3, and Hyundai Ioniq. The company has operations in the Netherlands, Germany, the United Kingdom, France, Switzerland, and Belgium. The majority of its operations and charging stations are in the Netherlands.

Fastned BV (XAMS:FAST) Headlines

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