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Monocle Acquisition Interest Coverage

: No Debt (As of Sep. 2020)
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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. Monocle Acquisition's Operating Income for the three months ended in Sep. 2020 was $-0.23 Mil. Monocle Acquisition's Interest Expense for the three months ended in Sep. 2020 was $0.00 Mil. Monocle Acquisition has no debt. The higher the ratio, the stronger the company's financial strength is.

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


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


Monocle Acquisition Interest Coverage Historical Data

The historical data trend for Monocle Acquisition'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.

* Premium members only.

Monocle Acquisition Annual Data
Trend Dec18 Dec19
Interest Coverage
No Debt No Debt

Monocle Acquisition Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Interest Coverage Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison

For the Shell Companies subindustry, Monocle Acquisition'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.

   

Monocle Acquisition Interest Coverage Distribution

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

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



Monocle Acquisition 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.


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

Monocle Acquisition'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, Monocle Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-1.57 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Monocle Acquisition had no debt.

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

Here, for the three months ended in Sep. 2020, Monocle Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-0.23 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Monocle Acquisition had no debt.

* 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.


Monocle Acquisition  (NAS:MNCL) 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 .


Monocle Acquisition Interest Coverage Related Terms

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


Monocle Acquisition Business Description

Monocle Acquisition logo
Industry
Traded in Other Exchanges
N/A
Address
750 Lexington Avenue, Suite 1501, New York, NY, USA, 10022
Website
Monocle Acquisition Corp is a blank check company. The firm intends to focus on businesses in the aerospace and defense, industrial, and technology and telecommunication sectors.

Monocle Acquisition Headlines

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