GURUFOCUS.COM » STOCK LIST » Technology » Software » American Virtual Cloud Technologies Inc (OTCPK:AVCTQ) » Definitions » Interest Coverage

American Virtual Cloud Technologies (American Virtual Cloud Technologies) Interest Coverage : 0 (At Loss) (As of Mar. 2023)


View and export this data going back to 2017. Start your Free Trial

What is American Virtual Cloud Technologies 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. American Virtual Cloud Technologies's Operating Income for the three months ended in Mar. 2023 was $-8.64 Mil. American Virtual Cloud Technologies's Interest Expense for the three months ended in Mar. 2023 was $-0.01 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for American Virtual Cloud Technologies's Interest Coverage or its related term are showing as below:


AVCTQ's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.37
* Ranked among companies with meaningful Interest Coverage only.

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


American Virtual Cloud Technologies Interest Coverage Historical Data

The historical data trend for American Virtual Cloud Technologies'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.

* Premium members only.

American Virtual Cloud Technologies Interest Coverage Chart

American Virtual Cloud Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial No Debt No Debt No Debt - -

American Virtual Cloud Technologies Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of American Virtual Cloud Technologies's Interest Coverage

For the Information Technology Services subindustry, American Virtual Cloud Technologies'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.


American Virtual Cloud Technologies's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, American Virtual Cloud Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where American Virtual Cloud Technologies's Interest Coverage falls into.



American Virtual Cloud Technologies 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.

American Virtual Cloud Technologies's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, American Virtual Cloud Technologies's Interest Expense was $-20.36 Mil. Its Operating Income was $-46.70 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

American Virtual Cloud Technologies did not have earnings to cover the interest expense.

American Virtual Cloud Technologies's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the three months ended in Mar. 2023, American Virtual Cloud Technologies's Interest Expense was $-0.01 Mil. Its Operating Income was $-8.64 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

American Virtual Cloud Technologies did not have earnings to cover the interest expense.

* 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.


American Virtual Cloud Technologies  (OTCPK:AVCTQ) 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 .


American Virtual Cloud Technologies Interest Coverage Related Terms

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


American Virtual Cloud Technologies (American Virtual Cloud Technologies) Business Description

Traded in Other Exchanges
N/A
Address
1720 Peachtree Street, Suite 629, Atlanta, GA, USA, 30309
American Virtual Cloud Technologies Inc is engaged in the business of providing IT solutions. The company, along with its subsidiaries, offers various services like private & hybrid data centers, enterprise networking solutions, unified cloud communications, managed services, cybersecurity, and enhanced connectivity. It caters its services to different sectors such as Energy, Finance, Healthcare, Manufacturing & logistics, Public sector, Retail and hospitality, Technology service providers, and Others. It has two segments Computex and Kandy. Geographically, it generates the majority of its revenue from the domestic market.
Executives
Charles E. Sweet director 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Ribbon Communications Inc. 10 percent owner 6500 CHASE OAKS BOULEVARD, PLANO TX 75023
Adrian Foltz officer: Chief Financial Officer 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Onex Evans officer: Chief Accounting Officer 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Michael Tessler director C/O BROADSOFT, INC., 220 PERRY PARKWAY, GAITHERSBURG MD 20877
Mock Lawrence E, Jr. director ONE BUCKHEAD PLAZA, 3060 PEACHTREE RD, SUITE 780, ATLANTA GA 30305
Dennis P Lockhart director 100 GOLF ROAD, GOLF IL 60029
Pensare Sponsor Group, Llc 10 percent owner 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Spac Opportunity Fund I, L.p. 10 percent owner 2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305
Navigation Capital Partners, Inc. 10 percent owner 2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Navigation Capital Partners Ii, L.p. 10 percent owner 2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Stratos Management Systems Holdings Llc 10 percent owner 2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Kevin Keough officer: President 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Robert E. Willis director C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Spac Opportunity Partners, Llc 10 percent owner 2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305

American Virtual Cloud Technologies (American Virtual Cloud Technologies) Headlines

From GuruFocus

AVCtechnologies Welcomes Michael Tessler to its Board as Chairman

By GuruFocusNews GuruFocusNews 01-07-2022

AVCtechnologies Announces Securities Purchase Agreement

By GuruFocusNews GuruFocusNews 12-14-2021

AT&T Elevates Customer Engagement with IPTF Click-to-Connect from Kandy

By GuruFocusNews GuruFocusNews 03-01-2022