10X Capital Venture Acquisition (10X Capital Venture Acquisition) Interest Coverage : No Debt ⁽¹⁾ (As of Jul. 2020)

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What is 10X Capital Venture Acquisition 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. 10X Capital Venture Acquisition's Operating Income for the six months ended in Jul. 2020 was $0.00 Mil. 10X Capital Venture Acquisition's Interest Expense for the six months ended in Jul. 2020 was $0.00 Mil. 10X Capital Venture Acquisition 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 10X Capital Venture Acquisition's Interest Coverage or its related term are showing as below:

VCVCU' s Interest Coverage Range Over the Past 10 Years
Min: 0 Med: 0 Max: No Debt
Current: No Debt

VCVCU's Interest Coverage is not ranked
in the Diversified Financial Services industry.
Industry Median: No Debt vs VCVCU: 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.

10X Capital Venture Acquisition Interest Coverage Historical Data

The historical data trend for 10X Capital Venture 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.

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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10X Capital Venture Acquisition Interest Coverage Chart

10X Capital Venture Acquisition Annual Data

Trend

Dec20

Interest Coverage

No Debt

10X Capital Venture Acquisition Semi-Annual Data
	Jul20
Interest Coverage	No Debt

Competitive Comparison of 10X Capital Venture Acquisition's Interest Coverage

For the Shell Companies subindustry, 10X Capital Venture 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.

10X Capital Venture Acquisition's Interest Coverage Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, 10X Capital Venture Acquisition's Interest Coverage distribution charts can be found below:

* The bar in red indicates where 10X Capital Venture Acquisition's Interest Coverage falls into.

10X Capital Venture 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 ⁽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.

10X Capital Venture Acquisition's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, 10X Capital Venture Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

10X Capital Venture Acquisition had no debt ⁽¹⁾.

10X Capital Venture Acquisition's Interest Coverage for the quarter that ended in Jul. 2020 is calculated as

Here, for the six months ended in Jul. 2020, 10X Capital Venture Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

10X Capital Venture Acquisition had no debt ⁽¹⁾.

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

10X Capital Venture Acquisition (NAS:VCVCU) 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 .

10X Capital Venture Acquisition Interest Coverage Related Terms

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10X Capital Venture Acquisition (10X Capital Venture Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 10X Capital Venture Acquisition Corp (NAS:VCVCU) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 World Trade Center, 85th Floor, New York, NY, USA, 10007

Website

https://www.10xcapital.com

10X Capital Venture Acquisition Corp is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Cohen & Company, Llc	10 percent owner	2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19103
Woodrow Levin	director	535 MISSION STREET, 11TH FLOOR, SAN FRANSISCO CA 941105
Christopher Jurasek	director	13625 TECHNOLOGY DR, EDEN PRAIRIE MN 55344-2252
Oliver Wriedt	officer: President and Head of CM	CIFC CORP., 250 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10177
David Weisburd	director, officer: Chief Operating Officer	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
10x Capital Spac Sponsor I Llc	director, 10 percent owner	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
Jonsson Sigurgeir Orn	director	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
Guhan Kandasamy	officer: Chief Financial Officer	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
Hans Thomas	director, 10 percent owner, officer: Chief Executive Officer	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007