Hennessy Capital Acquisition IV (Hennessy Capital Acquisition IV) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2020)

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What is Hennessy Capital Acquisition IV 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. Hennessy Capital Acquisition IV's Operating Income for the three months ended in Sep. 2020 was $-2.83 Mil. Hennessy Capital Acquisition IV's Interest Expense for the three months ended in Sep. 2020 was $0.00 Mil. Hennessy Capital Acquisition IV has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Hennessy Capital Acquisition IV's Interest Coverage or its related term are showing as below:

HCAC's Interest Coverage is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: No Debt
* 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.

Hennessy Capital Acquisition IV Interest Coverage Historical Data

The historical data trend for Hennessy Capital Acquisition IV'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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Hennessy Capital Acquisition IV Interest Coverage Chart

Hennessy Capital Acquisition IV Annual Data

Trend

Dec18

Dec19

Interest Coverage

No Debt

Hennessy Capital Acquisition IV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Interest Coverage	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Hennessy Capital Acquisition IV's Interest Coverage

For the Shell Companies subindustry, Hennessy Capital Acquisition IV'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.

Hennessy Capital Acquisition IV's Interest Coverage Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Hennessy Capital Acquisition IV's Interest Coverage falls into.

Hennessy Capital Acquisition IV 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.

Hennessy Capital Acquisition IV's Interest Coverage for the fiscal year that ended in Dec. 2019 is calculated as

Here, for the fiscal year that ended in Dec. 2019, Hennessy Capital Acquisition IV's Interest Expense was $0.00 Mil. Its Operating Income was $-3.25 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Hennessy Capital Acquisition IV had no debt ⁽¹⁾.

Hennessy Capital Acquisition IV's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

Here, for the three months ended in Sep. 2020, Hennessy Capital Acquisition IV's Interest Expense was $0.00 Mil. Its Operating Income was $-2.83 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Hennessy Capital Acquisition IV had no debt ⁽¹⁾.

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

Hennessy Capital Acquisition IV (NAS:HCAC) 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 .

Hennessy Capital Acquisition IV Interest Coverage Related Terms

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