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Churchill Capital II Interest Coverage

: No Debt (As of Sep. 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. Churchill Capital II's Operating Income for the three months ended in Sep. 2020 was $-0.24 Mil. Churchill Capital II's Interest Expense for the three months ended in Sep. 2020 was $0.00 Mil. Churchill Capital II has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Churchill Capital Corp II has no debt.

NYSE:CCX.U' s Interest Coverage Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt


NYSE:CCX.U's Interest Coverage is ranked higher than
100% of the 312 Companies
in the Diversified Financial Services industry.

( Industry Median: 10000.00 vs. NYSE:CCX.U: 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.


Churchill Capital II 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.

Churchill Capital II Annual Data
Dec19
Interest Coverage No Debt

Churchill Capital II Quarterly Data
Apr19 Sep19 Dec19 Mar20 Jun20 Sep20
Interest Coverage 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.


Churchill Capital II Interest Coverage Distribution

* The bar in red indicates where Churchill Capital II's Interest Coverage falls into.



Churchill Capital II 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.

Churchill Capital II'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, Churchill Capital II'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.

Churchill Capital II had no debt.

Churchill Capital II's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

Here, for the three months ended in Sep. 2020, Churchill Capital II's Interest Expense was $0.00 Mil. Its Operating Income was $-0.24 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Churchill Capital II 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.


Churchill Capital II  (NYSE:CCX.U) 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 .


Churchill Capital II Interest Coverage Related Terms


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