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Vesper Healthcare Acquisition Interest Coverage

: No Debt (As of Jul. 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. Vesper Healthcare Acquisition's Operating Income for the six months ended in Jul. 2020 was $0.00 Mil. Vesper Healthcare Acquisition's Interest Expense for the six months ended in Jul. 2020 was $0.00 Mil. Vesper Healthcare Acquisition has no debt. The higher the ratio, the stronger the company's financial strength is.

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

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


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


Vesper Healthcare Acquisition Interest Coverage Historical Data

The historical data trend for Vesper Healthcare 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.

Vesper Healthcare Acquisition Annual Data
Trend Dec20
Interest Coverage
No Debt

Vesper Healthcare Acquisition Semi-Annual Data
Jul20
Interest Coverage No Debt

Competitive Comparison

For the Shell Companies subindustry, Vesper Healthcare 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.

   

Vesper Healthcare Acquisition Interest Coverage Distribution

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

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



Vesper Healthcare 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.

Vesper Healthcare 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, Vesper Healthcare Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-1.21 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Vesper Healthcare Acquisition had no debt.

Vesper Healthcare Acquisition's Interest Coverage for the quarter that ended in Jul. 2020 is calculated as

Here, for the six months ended in Jul. 2020, Vesper Healthcare 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.

Vesper Healthcare 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.


Vesper Healthcare Acquisition  (NAS:VSPRU) 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 .


Vesper Healthcare Acquisition Interest Coverage Related Terms

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


Vesper Healthcare Acquisition Business Description

Vesper Healthcare Acquisition logo
Comparable Companies
Traded in Other Exchanges
Address
1819 West Avenue, Bay 2, Miami Beach, FL, USA, 33139
Vesper Healthcare Acquisition Corp is a blank check company.
Executives
Capellas Michael D director C/O MCI 22001 LOUDOUN COUNTY PARKWAY AXBURN VA 20147
Saunders Brent L director, 10 percent owner, officer: President, CEO and Chairman 2000 GALLOPING HILL ROAD C/O SCHERING PLOUGH CORP KENILWORTH NJ 07033
Sternlicht Barry S director STARWOOD CAPITAL GROUP GLOBAL LP 1601 WASHINGTON AVENUE, SUITE 800 MIAMI BEACH FL 33139
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