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Morphic Holding Interest Coverage

: No Debt (As of Jun. 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. Morphic Holding's Operating Income for the three months ended in Jun. 2020 was $-16.42 Mil. Morphic Holding's Interest Expense for the three months ended in Jun. 2020 was $0.00 Mil. Morphic Holding has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Morphic Holding Inc has no debt.

NAS:MORF' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


NAS:MORF's Interest Coverage is ranked higher than
99% of the 291 Companies
in the Biotechnology industry.

( Industry Median: 94.68 vs. NAS:MORF: 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.


Morphic Holding Interest Coverage Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Morphic Holding Annual Data
Dec17 Dec18 Dec19
Interest Coverage N/A No Debt No Debt

Morphic Holding Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison
* 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.


Morphic Holding Interest Coverage Distribution

* The bar in red indicates where Morphic Holding's Interest Coverage falls into.



Morphic Holding 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.

Morphic Holding'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, Morphic Holding's Interest Expense was $0.00 Mil. Its Operating Income was $-46.99 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Morphic Holding had no debt.

Morphic Holding's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Here, for the three months ended in Jun. 2020, Morphic Holding's Interest Expense was $0.00 Mil. Its Operating Income was $-16.42 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Morphic Holding had no debt.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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


Morphic Holding  (NAS:MORF) 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 .


Morphic Holding Interest Coverage Related Terms


Morphic Holding Interest Coverage Headlines

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