FTVI (FinTech Acquisition VI) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2022)

FinTech Acquisition VI Interest Coverage Chart

Competitive Comparison of FinTech Acquisition VI's Interest Coverage

For the Shell Companies subindustry, FinTech Acquisition VI'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.

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

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

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

FinTech Acquisition VI 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

FinTech Acquisition VI's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, FinTech Acquisition VI's Interest Expense was $0.00 Mil. Its Operating Income was $-1.16 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

FinTech Acquisition VI's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, FinTech Acquisition VI's Interest Expense was $0.00 Mil. Its Operating Income was $-0.29 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

* 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.

FinTech Acquisition VI  (NAS:FTVI) 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 .

FinTech Acquisition VI Interest Coverage Related Terms

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

FinTech Acquisition VI Business Description