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SAI.TECH Global (SAI.TECH Global) Interest Coverage : N/A (As of Dec. 2023)


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What is SAI.TECH Global 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. SAI.TECH Global's Operating Income for the six months ended in Dec. 2023 was $-3.05 Mil. SAI.TECH Global's Interest Expense for the six months ended in Dec. 2023 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. SAI.TECH Global Corp has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for SAI.TECH Global's Interest Coverage or its related term are showing as below:


SAI's Interest Coverage is not ranked *
in the Capital Markets industry.
Industry Median: 19.255
* 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.


SAI.TECH Global Interest Coverage Historical Data

The historical data trend for SAI.TECH Global'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.

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SAI.TECH Global Interest Coverage Chart

SAI.TECH Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
No Debt No Debt N/A N/A N/A

SAI.TECH Global Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Interest Coverage Get a 7-Day Free Trial N/A N/A N/A N/A N/A

Competitive Comparison of SAI.TECH Global's Interest Coverage

For the Capital Markets subindustry, SAI.TECH Global'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.


SAI.TECH Global's Interest Coverage Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SAI.TECH Global's Interest Coverage distribution charts can be found below:

* The bar in red indicates where SAI.TECH Global's Interest Coverage falls into.



SAI.TECH Global 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.

SAI.TECH Global's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, SAI.TECH Global's Interest Expense was $0.00 Mil. Its Operating Income was $-7.23 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.57 Mil.

GuruFocus does not calculate SAI.TECH Global's interest coverage with the available data.

SAI.TECH Global's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, SAI.TECH Global's Interest Expense was $0.00 Mil. Its Operating Income was $-3.05 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.57 Mil.

GuruFocus does not calculate SAI.TECH Global'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.


SAI.TECH Global  (NAS:SAI) 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 .


SAI.TECH Global Interest Coverage Related Terms

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SAI.TECH Global (SAI.TECH Global) Business Description

Traded in Other Exchanges
N/A
Address
195 Pearl’s Hill Terrace, Number 01-05, Singapore, SGP, 168976
SAI.TECH Global Corp is an energy saving mining operator that engages in the hosting of bitcoin mining machines for its clients. It uses a proprietary liquid cooling and heat exchange technology towards mining machines that enables utilization of waste heat to provide recycled energy heating for potential customers while achieving lower mining operating costs. The Company has two reportable segments namely equipment sales & hosting and mining pool business.
Executives
Michael Davidov director 60 EAST 42 STREET, NEW YORK NY 10165
Tao Jiang director 3 STONER AVE, GREAT NECK NY 11021
Luqi Wen officer: CFO and Secretary 3 STONER AVE, GREAT NECK NY 11021
Jianwei Li director, 10 percent owner, officer: Chairman and Co-CEO 3 STONER AVE, GREAT NECK NY 11021
David Xianglin Li director 3 STONER AVE, GREAT NECK NY 11021
Tradeup Global Sponsor Llc director, 10 percent owner 3 STONER AVE, GREAT NECK NY 11021
Lei Huang officer: Co-Chief Executive Officer 3 STONER AVE, GREAT NECK NY 10021