Blade Air Mobility (Blade Air Mobility) Interest Coverage : N/A (As of Dec. 2023)

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What is Blade Air Mobility 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. Blade Air Mobility's Operating Income for the three months ended in Dec. 2023 was $-35.6 Mil. Blade Air Mobility's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Blade Air Mobility Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Blade Air Mobility's Interest Coverage or its related term are showing as below:

BLDE's Interest Coverage is not ranked ^*
in the Transportation industry.
Industry Median: 5.485
* 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.

Blade Air Mobility Interest Coverage Historical Data

The historical data trend for Blade Air Mobility'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.

Blade Air Mobility Interest Coverage Chart

Blade Air Mobility Annual Data

Trend

Sep19

Sep20

Sep21

Dec22

Dec23

Interest Coverage

No Debt

N/A

Blade Air Mobility Quarterly Data
	Sep19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial									N/A	N/A	N/A	N/A	N/A

Competitive Comparison of Blade Air Mobility's Interest Coverage

For the Airports & Air Services subindustry, Blade Air Mobility'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.

Blade Air Mobility's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Blade Air Mobility's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Blade Air Mobility's Interest Coverage falls into.

Blade Air Mobility 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.

Blade Air Mobility'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, Blade Air Mobility's Interest Expense was $0.0 Mil. Its Operating Income was $-68.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $19.7 Mil.

GuruFocus does not calculate Blade Air Mobility's interest coverage with the available data.

Blade Air Mobility's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Blade Air Mobility's Interest Expense was $0.0 Mil. Its Operating Income was $-35.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $19.7 Mil.

GuruFocus does not calculate Blade Air Mobility's interest coverage with the available data.

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

Blade Air Mobility (NAS:BLDE) 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 .

Blade Air Mobility Interest Coverage Related Terms

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

Blade Air Mobility (Blade Air Mobility) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Blade Air Mobility Inc (NAS:BLDE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Hudson Yards, 14th Floor, New York, NY, USA, 10016

Website

https://www.blade.com

Blade Air Mobility Inc is a technology-powered air mobility platform that provides consumers with a cost-effective and time-efficient alternative to ground transportation for congested routes. The company's Passenger reporting segment arranges charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes operating in various locations throughout the United States and abroad. The company's Medical reporting segment includes air medical transporters of human organs in the United States, providing end-to-end logistics for transplant centers and organ procurement organizations utilizing helicopters, jets, turboprops and ground vehicles.

Executives

Seth J Bacon	officer: CEO, Trinity Air Medical	C/O BLADE AIR MOBILITY, INC., 55 HUDSON YARDS, 14TH FLOOR, NEW YORK NY 10001
Robert S Wiesenthal	director, officer: Chief Executive Officer	C/O SONY CORP OF AMERICA, 550 MADISON AVE, NEW YORK NY 10022
William A. Heyburn	officer: Chief Financial Officer	C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Melissa M. Tomkiel	officer: President and General Counsel	C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Amir Cohen	officer: Chief Accounting Officer	C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Reginald Love	director	C/O BRIGHTSPHERE INC., 200 CLARENDON STREET, BOSTON MA 02116
Eric Affeldt	director	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
John Borthwick	director	C/O BLADE AIR MOBILITY, INC., 55 HUDSON YARDS, 14TH FLOOR, NEW YORK NY 10001
Andrew Lauck	director	667 MADISON AVE, 16TH FLOOR, NEW YORK NY 10065
Brandon A. Keene	officer: Chief Technology Officer	C/O BLADE AIR MOBILITY, INC., 31 HUDSON YARDS, 11TH FLOOR, NEW YORK NY 10001
Anatoli Arkhipenko	officer: Chief Technology Officer	145 PARK PL, APT 5G, BROOKLYN NY 11217
Kenneth B Lerer	director
Edward M Philip	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Susan M Lyne	director	11 WEST 42ND STREET, NEW YORK NY 10036
Jane C Garvey	director	P.O. BOX 66100 - HDQLD, CHICAGO IL 60666