Vy Global Growth (NYSE:VYGG) Interest Coverage

: No Debt (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. Vy Global Growth's Operating Income for the three months ended in Jun. 2022 was $-0.16 Mil. Vy Global Growth's Interest Expense for the three months ended in Jun. 2022 was $0.00 Mil. Vy Global Growth has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Vy Global Growth has no debt.

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

VYGG' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

VYGG's Interest Coverage is not ranked
in the Diversified Financial Services industry.
Industry Median: No Debt vs VYGG: 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.

Vy Global Growth Interest Coverage Historical Data

The historical data trend for Vy Global Growth'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.

Vy Global Growth Annual Data

Trend

Dec20

Dec21

Interest Coverage

No Debt

Vy Global Growth Quarterly Data
	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Interest Coverage			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Shell Companies subindustry, Vy Global Growth'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.

Annual Data Quarterly Data

Vy Global Growth Interest Coverage Distribution

For the Diversified Financial Services industry and Financial Services sector, Vy Global Growth's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Vy Global Growth's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.

Vy Global Growth 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.

Vy Global Growth'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, Vy Global Growth's Interest Expense was $0.00 Mil. Its Operating Income was $-1.71 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Vy Global Growth had no debt.

Vy Global Growth's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Vy Global Growth's Interest Expense was $0.00 Mil. Its Operating Income was $-0.16 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Vy Global Growth had no debt.

The higher the ratio, the stronger the company's Financial Strength is.

Vy Global Growth (NYSE:VYGG) 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 .

Vy Global Growth Interest Coverage Related Terms

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

Vy Global Growth (NYSE:VYGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Vy Global Growth (NYSE:VYGG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

VYGG.WS:USA VYGG.U:USA

Address

Willow House, Cricket Square, Floor 4, Grand Cayman, CYM, KY1-9010

Website

https://www.vygg.com

Vy Global Growth is a blank check company.

Executives

Javier Olivan	director	62 RIDGE VIEW DRIVE, ATHERTON X1 94027
Julia Herendeen	director	25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
John Hering	director, officer: Chief Executive Officer	FLOOR 4 WILLOW HOUSE, CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Hugo Barra	director	FLOOR 4, WILLOW HOUSE, CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Alexander Tamas	director, officer: Chairman	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Sujay Jaswa	director	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Justin Kan	director	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Katja Lake	officer: Chief Financial Officer	FLOOR 4 WILLOW HOUSE CRICKET SQ, GRAND CAYMAN E9 KY1-9010
Daniel Schwarz	officer: Chief Operating Officer	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Vy Global Growth Management Co.	10 percent owner	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Steve Ladd Huffman	director	FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-901-