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Nuvation Bio Interest Coverage

: N/A (As of Jun. 2022)
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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. Nuvation Bio's Operating Income for the three months ended in Jun. 2022 was $-37.87 Mil. Nuvation Bio's Interest Expense for the three months ended in Jun. 2022 was $0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nuvation Bio Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Nuvation Bio'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.


Nuvation Bio Interest Coverage Historical Data

The historical data trend for Nuvation Bio'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.

Nuvation Bio Annual Data
Trend Dec20 Dec21
Interest Coverage
No Debt N/A

Nuvation Bio Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt N/A N/A N/A

Competitive Comparison

For the Biotechnology subindustry, Nuvation Bio'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.

   

Nuvation Bio Interest Coverage Distribution

For the Biotechnology industry and Healthcare sector, Nuvation Bio's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Nuvation Bio's Interest Coverage falls into.



Nuvation Bio 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.

Nuvation Bio's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Nuvation Bio's Interest Expense was $0.00 Mil. Its Operating Income was $-93.32 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.19 Mil.

GuruFocus does not calculate Nuvation Bio's interest coverage with the available data.

Nuvation Bio's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Nuvation Bio's Interest Expense was $0.00 Mil. Its Operating Income was $-37.87 Mil. And its Long-Term Debt & Capital Lease Obligation was $3.75 Mil.

GuruFocus does not calculate Nuvation Bio's interest coverage with the available data.

* 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.


Nuvation Bio  (NYSE:NUVB.WS) 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 .


Nuvation Bio Interest Coverage Related Terms

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


Nuvation Bio Business Description

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Nuvation Bio Inc is a biopharmaceutical company tackling unmet needs in oncology by developing differentiated and novel therapeutic candidates. The company's proprietary portfolio includes around six novel and mechanistically distinct oncology therapeutic product candidates, each targeting some of the most difficult-to-treat types of cancer.
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