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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. Oaktree Acquisition's Operating Income for the three months ended in Sep. 2020 was $-2.34 Mil. Oaktree Acquisition's Interest Expense for the three months ended in Sep. 2020 was $0.00 Mil. Oaktree Acquisition has no debt. The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Oaktree Acquisition Corp has no debt.
(1) 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.
The historical rank and industry rank for Oaktree Acquisition'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 Oaktree 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.
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.
Oaktree Acquisition Annual Data | |||
Trend | Dec19 | ||
Interest Coverage | No Debt |
Oaktree Acquisition Quarterly Data | ||||||||
Apr19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |||
Interest Coverage | Get a 7-Day Free Trial | No Debt | No Debt | No Debt | No Debt | No Debt |
For the Shell Companies subindustry, Oaktree 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.
For the Diversified Financial Services industry and Financial Services sector, Oaktree Acquisition's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Oaktree Acquisition'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.
Oaktree Acquisition'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, Oaktree 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.
Oaktree Acquisition had no debt (1). |
Oaktree Acquisition's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as
Here, for the three months ended in Sep. 2020, Oaktree Acquisition's Interest Expense was $0.00 Mil. Its Operating Income was $-2.34 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Oaktree Acquisition had no debt (1). |
* 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.
Oaktree Acquisition (NYSE:OAC.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 Oaktree Acquisition's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Zaid Pardesi | officer: Chief Financial Officer | C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Capital Group Holdings Gp, Llc | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Capital Group, Llc | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Capital Management Lp | 10 percent owner | 333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071 |
Oaktree Holdings, Inc. | 10 percent owner | 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Paul M Meister | director | 18 SHIP ROCK ROAD, NORTH HAMPTON NH 03862 |
John Frank | director | C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071 |
Andrea L Wong | director | 12300 LIBERTY BLVD., ENGLEWOOD CO 80112 |
Mathew Pendo | officer: Chief Operating Officer | C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Anthony Grillo | director | PLEASANTVILLE RD, NEW VERNON NJ 07976 |
Alexander Taubman | director | C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Patrick Mccaney | director, officer: Chief Executive Officer | C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Acquisition Holdings Gp Ltd. | 10 percent owner | 333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071 |
Oaktree Acquisition Holdings, L.p. | 10 percent owner | 333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071 |
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