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Vantage Energy Acquisition Interest Coverage

: No Debt (As of Dec. 2018)
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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. Vantage Energy Acquisition's Operating Income for the three months ended in Dec. 2018 was $-2.43 Mil. Vantage Energy Acquisition's Interest Expense for the three months ended in Dec. 2018 was $0.00 Mil. Vantage Energy Acquisition has no debt. The higher the ratio, the stronger the company's financial strength is.

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

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


VEACU's Interest Coverage is not ranked
in the Conglomerates industry.
Industry Median: 6.76 vs VEACU: 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.


Vantage Energy Acquisition Interest Coverage Historical Data

The historical data trend for Vantage Energy 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.

Vantage Energy Acquisition Annual Data
Trend Dec17 Dec18
Interest Coverage
No Debt No Debt

Vantage Energy Acquisition Quarterly Data
Feb17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Interest Coverage Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison

For the Conglomerates subindustry, Vantage Energy 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.

   

Vantage Energy Acquisition Interest Coverage Distribution

For the Conglomerates industry and Industrials sector, Vantage Energy Acquisition's Interest Coverage distribution charts can be found below:

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



Vantage Energy 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.

Vantage Energy Acquisition's Interest Coverage for the fiscal year that ended in Dec. 2018 is calculated as

Here, for the fiscal year that ended in Dec. 2018, Vantage Energy Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-3.92 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Vantage Energy Acquisition had no debt.

Vantage Energy Acquisition's Interest Coverage for the quarter that ended in Dec. 2018 is calculated as

Here, for the three months ended in Dec. 2018, Vantage Energy Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-2.43 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Vantage Energy 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.


Vantage Energy Acquisition  (NAS:VEACU) 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 .


Vantage Energy Acquisition Interest Coverage Related Terms

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


Vantage Energy Acquisition Business Description

Vantage Energy Acquisition logo
Traded in Other Exchanges
N/A
Address
5221 N. O’Connor Boulevard, 11th Floor, Irving, TX, USA, 75039
Website
Vantage Energy Acquisition Corp is a blank check company.
Executives
Glick Craig S director 6122 NORWAY DALLAS TX 75230
Gieselman Scott director REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010
Gannon Justin A. director 3 CHESTER DOWNS SAN ANTONIO TX 78257
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