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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 Jan. 2024 was $-18.22 Mil. Churchill Capital II's Interest Expense for the three months ended in Jan. 2024 was $-16.65 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 Churchill Capital II's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Churchill Capital II'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.
Churchill Capital II Annual Data | |||||||||
Trend | Dec19 | Jan20 | Jan23 | Jan24 | |||||
Interest Coverage | No Debt | 0.13 | - | - |
Churchill Capital II Quarterly Data | ||||||||||||||||||
Apr19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jul21 | Oct21 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
For the Education & Training Services subindustry, Churchill Capital II'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.
For the Education industry and Consumer Defensive sector, Churchill Capital II's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Churchill Capital II's Interest Coverage falls into.
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.
Churchill Capital II's Interest Coverage for the fiscal year that ended in Jan. 2024 is calculated as
Here, for the fiscal year that ended in Jan. 2024, Churchill Capital II's Interest Expense was $-65.34 Mil. Its Operating Income was $-87.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $586.74 Mil.
Churchill Capital II did not have earnings to cover the interest expense. |
Churchill Capital II's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as
Here, for the three months ended in Jan. 2024, Churchill Capital II's Interest Expense was $-16.65 Mil. Its Operating Income was $-18.22 Mil. And its Long-Term Debt & Capital Lease Obligation was $586.74 Mil.
Churchill Capital II 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.
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 .
Thank you for viewing the detailed overview of Churchill Capital II's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew Glitzer | officer: CHIEF REVENUE OFFICER | 300 INNOVATIVE WAY, SUITE 201, NASHUA NH 03062 |
Jose Torres | officer: Chief Accounting Officer | 1300 W. 120TH AVENUE, WESTMINSTER CO 80234 |
Ciara Harrington | officer: Interim Chief People Officer | C/O SKILLSOFT CORP., 300 INNOVATION WAY, SUITE 201, NASHUA NH 03062-5746 |
Kristi Hummel | officer: Chief People Officer | 300 INNOVATIVE WAY, SUITE 201, NASHUA NH 03062 |
Zachary Sims | officer: GM Tech & Dev, CEO Codecademy | 575 BROADWAY, 5TH FLOOR, NEW YORK NY 10012 |
Gary W Ferrera | officer: Chief Financial Officer | 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042 |
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Richard Walker | officer: Chief Strategy & Corp Dev Ofc | C/O SERVICESOURCE INTERNATIONAL, INC., 717 17TH STREET, 5TH FLOOR, DENVER CO 80202 |
Lawrence Charles Illg | director | SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS |
Eric P Stine | officer: Chief Revenue Officer | 6363 S. FIDDLER'S GREEN CIRCLE, SUITE 1400, GREENWOOD VILLAGE CO 80111 |
Peter Schmitt | director | 640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019 |
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